Phillips 66 Stock Price, News & Analysis

Phillips 66 (NYSE: PSX) said Mark Lashier, chairman and CEO, will participate in a fireside chat at the Goldman Sachs Energy, CleanTech & Utilities Conference on Tuesday, Jan. 6, 2026 at 10:20 a.m. ET. Lashier will discuss the company outlook, strategic execution across segments, and disciplined capital allocation.

Investors can watch the live webcast via the Events and Presentations section of the Phillips 66 investor site (phillips66.com/investors). A replay will be archived the day after the event and a transcript will be posted later.

Phillips 66 (NYSE: PSX) will release its fourth-quarter and full-year 2025 financial results on Wednesday, Feb. 4, 2026. Executive management will host a live webcast at noon ET the same day to discuss the results, which will be released earlier that day.

Investors can access the live webcast via the Events and Presentations section at phillips66.com/investors. A replay will be archived on that page approximately two hours after the event, and a transcript will be made available at a later date.

Phillips 66 (NYSE: PSX) announced a $2.4 billion 2026 capital budget: $1.1 billion sustaining and $1.3 billion growth capital, reflecting added spend from WRB Refining consolidation (~$200M sustaining, ~$100M growth).

Midstream budget is $1.1 billion ( $400M sustaining, $700M growth) funding NGL value‑chain projects: Iron Mesa 300 MMCFD plant (startup Q1 2027), Coastal Bend pipeline expansion (225 to 350 MBD, completion Q4 2026), and a proposed 100 MBD Corpus Christi fractionator (FID early 2026; completion 2028).

Refining capex ~$1.1 billion ($590M sustaining, $520M growth) including Humber gasoline quality project (startup targeted Q2 2027) and 100+ low‑capex yield/capture projects.

Cyclum NextGen Travel Centers returns to the Snowball Derby with driver Kole Raz in a 76® Renewable Diesel-branded car, continuing a branding agreement with Phillips 66 (NYSE: PSX).

The company opened its first operational site in Dunnigan, California in October 2025 and is developing a nationwide network of up to 400 next‑generation travel centers using a TTR model that integrates renewable diesel, ethanol gasoline, CNG, EV fast charging, and hydrogen.

The Snowball Derby race is viewable on the FloRacing app Sunday, December 7 at noon ET (weather permitting).

Stonepeak and Energy Equation Partners (EEP) completed their acquisition of a 65% interest in JET Tankstellen Deutschland GmbH (JET) from a subsidiary of Phillips 66 (NYSE: PSX) on December 1, 2025. The transaction values JET at an enterprise value of approximately €2.5 billion.

The buyers said the investment positions JET, a leading fuel retailer in Germany and Austria, to continue serving customers across its service station network while pursuing energy transition opportunities. Law firms Akin Gump and Hengeler Mueller advised Stonepeak and EEP; Paul Weiss served as financing counsel.

Phillips 66 (NYSE: PSX) closed the sale of a 65% interest in its Germany and Austria retail marketing business to a consortium led by Energy Equation Partners and Stonepeak, retaining a 35% non-operated interest in the joint venture.

The transaction values the business at an enterprise value of ~€2.5 billion (~$2.8 billion) and delivered approximately €1.5 billion (~$1.6 billion) in pre-tax proceeds to Phillips 66 at closing. Phillips 66 Continental GmbH also signed a multi-year supply agreement to supply product from the MiRO refinery to the joint venture.

Motorola Solutions (NYSE: MSI) announced on November 18, 2025 that Mark Lashier, chairman and CEO of Phillips 66 (NYSE: PSX), was appointed to its board of directors. Lashier is a chemical engineer with over 30 years of executive leadership in energy and petrochemical sectors, has served as president and CEO of Chevron Phillips Chemical, sits on multiple industry boards and holds a BS and doctorate in chemical engineering from Iowa State University. The company and Lashier provided statements expressing mutual support for safety and security priorities and board collaboration.

Phillips 66 (NYSE: PSX) reported 3Q 2025 adjusted earnings of $1.0 billion ($2.52/share) and reported earnings of $133 million ($0.32/share). The company generated $1.2 billion of operating cash flow and $1.9 billion excluding working capital. Phillips 66 completed acquisition of the remaining 50% interest in WRB Refining LP on Oct. 1, gaining full ownership of the Wood River and Borger refineries.

Operational highlights include 99% refining utilization, 86% clean product yield, record Y-grade throughput ~999 MB/D and NGL fractionation ~930 MB/D. The Los Angeles refinery ceased crude processing Oct. 16 and remaining units are expected to be idled by year end.

Phillips 66 (NYSE:PSX) announced that board members Glenn Tilton and Marna Whittington intend to retire and will not stand for re-election at the company’s May 2026 annual meeting of shareholders.

Both are Class II directors with terms concluding in 2026. The company intends to nominate at least four directors for the 2026 meeting. Greg Hayes, chair of the Nominating and Governance Committee, is expected to assume the role of Lead Independent Director upon Tilton’s retirement. Company leaders thanked both directors for their service and emphasized continuity in board evolution and shareholder focus.