Welcome to our dedicated page for Phillips 66 news (Ticker: PSX), a resource for investors and traders seeking the latest updates and insights on Phillips 66 stock.
Phillips 66 (NYSE: PSX) generates a steady flow of news across refining, midstream, chemicals, marketing and renewable fuels. As an integrated downstream energy provider headquartered in Houston, Texas, the company frequently issues updates on capital projects, portfolio changes, financial results and strategic partnerships that shape its role in supplying fuels and petrochemical products.
News about Phillips 66 often covers refining and marketing developments, such as investments at the Humber Refinery in North Lincolnshire and changes in its European retail marketing footprint. For example, the company announced the sale of a 65% interest in its Germany and Austria retail marketing business while retaining a non‑operated stake, and its UK subsidiary Phillips 66 Limited agreed to acquire Lindsey Oil Refinery assets to integrate key facilities into the Humber Refinery.
Investors and industry followers can also expect midstream and pipeline project updates, including announcements related to the Western Gateway refined products pipeline being developed with Kinder Morgan. These stories highlight how Phillips 66 connects midcontinent refinery supply to markets in Arizona, California and Nevada.
Regular earnings releases and capital budget announcements provide insight into segment performance, capital allocation between sustaining and growth projects, and progress on NGL wellhead‑to‑market initiatives, refining optimization and renewable fuels investments. Additional news items may feature branding collaborations, such as 76 Renewable Diesel promotions, and participation in industry conferences.
This news page allows readers to follow the latest press releases, project milestones and financial disclosures related to PSX. For anyone tracking downstream energy, refined products logistics, petrochemicals or renewable fuels, the Phillips 66 news feed offers a focused view of how the company manages its portfolio and invests in both traditional and lower‑carbon energy.
Phillips 66 and Kinder Morgan (KMI) launched a second open season for the proposed Western Gateway Pipeline, a refined products system linking Borger, Texas to Phoenix, Arizona and connecting into California and Nevada.
The second open season opens January 16, 2026 at noon CT and closes March 31, 2026 at noon CT. It offers remaining capacity, adds new origin points for supply diversification, and expands destinations including Los Angeles via a planned reversal of an existing SFPP line between Watson and Colton. The project pairs a new-build Borger–Phoenix pipeline with Kinder Morgan’s reversed Colton–Phoenix SFPP segment and a reversed Phillips 66 Gold Pipeline segment to feed the system. Connectivity to Las Vegas is via Kinder Morgan’s CALNEV pipeline.
Phillips 66 Limited (PSX) agreed to acquire assets and infrastructure of the Lindsey Oil Refinery, subject to satisfaction of closing conditions and customary regulatory clearances.
The company plans to integrate key Lindsey storage and infrastructure into its Humber Refinery rather than restart standalone Lindsey refining operations, which it judged not viable in current form. Phillips 66 said the transaction and planned multiyear Humber investment will strengthen supply to UK customers, boost UK energy security, and support hundreds of well-paid jobs through operations and future investment.
Phillips 66 (NYSE: PSX) and Kinder Morgan (NYSE: KMI) said Western Gateway closed its initial open season after receiving significant interest, including shipper commitments, for a proposed refined products pipeline system.
The companies will launch a subsequent open season in January 2026 for remaining capacity and will offer new destination(s) west of Colton, California via a joint tariff with an existing SFPP line reversed between Watson and Colton to provide access to Los Angeles markets.
The Western Gateway Pipeline pairs a new-build Borger, Texas to Phoenix pipeline with Kinder Morgan's SFPP Colton–Phoenix segment (to be reversed). Supplies will come from Borger and SFPP-connected El Paso, and Phillips 66 will reverse the Gold Pipeline to feed Borger. Connectivity to Phoenix, California, and Las Vegas via CALNEV is described.
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.
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