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 reports news across its integrated downstream energy portfolio, including Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels. Company updates commonly address refining operations, NGL fractionation and LPG export capacity, refined-products logistics, chemical joint venture activity, renewable fuels, retail fuel marketing and completed asset additions such as the Lindsey Oil Refinery assets in the United Kingdom.
Recurring Phillips 66 announcements also cover quarterly results, dividend declarations, capital allocation, credit and liquidity updates, shareholder meetings, investor presentations, board governance and commercial developments tied to pipelines, terminals, storage, processing and fuel supply infrastructure.
Phillips 66 (NYSE:PSX) will build the 300 MMcf/d Zeus Gas Plant in the Permian and a third 100 MBD Coastal Bend Fractionator near Corpus Christi, plus the 45-mile Midland Express pipeline. Both projects, part of the $2.0–$2.5 billion capital program, are targeted to start up in 2028.
The investments aim to expand Permian gas processing, NGL fractionation and system connectivity, support dedicated acreage growth, and align with goals to reduce debt to $17 billion by year-end 2027 while returning over 50% of net operating cash flow to shareholders.
Phillips 66 (NYSE: PSX) announced that its Board has appointed Greg Hayes as lead independent director, effective immediately. Hayes has served on the Board for the past four years.
Glenn Tilton and Marna Whittington retired from the Board after not standing for re-election, and Doug Terreson will succeed Whittington as Chair of the Audit and Finance Committee. The Board reiterated confidence in its strategy and commitment to delivering value for shareholders.
Phillips 66 (NYSE: PSX) will hold its 2026 Annual Meeting of Shareholders on Wednesday, May 13, 2026 at 8:00 a.m. CT in a virtual-only audio webcast format. Shareholders of record as of March 20, 2026 may attend and vote by pre-registering.
Pre-registration is required by May 12, 2026 at 8:00 a.m. CT using the 16-digit control number on the proxy materials. Guests may attend as viewers. A replay will be archived on the investors site about 24 hours after the meeting.
Phillips 66 (NYSE: PSX) reported 1Q 2026 earnings of $207 million ($0.51/share) and adjusted earnings of $200 million ($0.49/share). Refining ran at 95% capacity utilization with 87% clean product yield. The company increased Sweeny NGL fractionation capacity +23% and Freeport LPG export dock capacity +15%, raised the quarterly dividend 7%, and ended the quarter with approximately $6.0 billion liquidity.
Results were affected by $839 million mark-to-market losses on short derivative positions; net debt-to-capital rose to 43% and debt-to-capital to 48%.
Phillips 66 (NYSE:PSX) completed the acquisition of assets and associated infrastructure of Prax Lindsey Oil Refinery Limited (in Liquidation) on April 28, 2026. Phillips 66 plans to integrate key assets into its Humber Refinery, leveraging storage and infrastructure to support UK fuel supply and resilience.
The company says the move will unlock growth opportunities for traditional and renewable fuels and help protect UK energy security amid pressure on domestic production.
Points of Light (PSX) celebrated Global Volunteer Month on April 22, 2026 and launched the Mobilizing Millions campaign in partnership with Phillips 66 to expand volunteer engagement and strengthen nonprofit capacity nationwide.
The campaign aligns with America's 250th anniversary and supports a National Volunteer Strategy aiming to double annual volunteers from 75 million to 150 million by 2035, while addressing volunteer shortages and nonprofit funding challenges.
Phillips 66 (PSX) and Kinder Morgan (KMI) advanced the proposed Western Gateway Pipeline after a successful second open season that secured long-term shipper commitments sufficient to proceed, subject to definitive agreements and board approvals.
The project will build a new Borger-to-Phoenix pipeline, reverse existing Gold and SFPP lines to enable east‑to‑west flows into California, connect Midwest and Gulf Coast supplies to Phoenix, California and Las Vegas, and targets an in-service date of mid-2029.
Phillips 66 (NYSE: PSX) declared a quarterly dividend of $1.27 per share.
The dividend is payable on June 1, 2026 to shareholders of record at the close of business on May 18, 2026. This provides a scheduled cash return to common shareholders.
Phillips 66 and Kinder Morgan (NYSE: KMI) extended the second open season for the proposed Western Gateway refined products pipeline. The open season now closes April 15 at noon CT, giving prospective shippers more time to review the updated Transportation Services Agreement, including certain rates.
The extension covers additional receipt points and deliveries into the Los Angeles market via Kinder Morgan’s SFPP Watson to Colton line. The initial open season ended in December with significant shipper interest and commitments. More details are available at the project website.
Phillips 66 (NYSE: PSX) will release its first-quarter 2026 financial results on Wednesday, April 29, 2026, and executive management will host a webcast at noon ET that day.
Investors can access the live webcast and an archived replay via the Events and Presentations section of the Phillips 66 investor website; a transcript will be posted later.