PSX · News · 20260804N
Capital Return Program
Phillips 66 · 2026-08-04 · Importance 58 · Surprise 42 · In source text
Phillips 66 expanded its share-repurchase authorization by $10 billion, bringing the total authorization to $23 billion. The company returned $887 million to shareholders through dividends and stock repurchases during the second quarter of 2026. Phillips 66 also declared a quarterly dividend of $1.27 per share. Management plans to increase share repurchases during the second half of 2026 as net debt approaches its target.
Key facts
- Phillips 66 expanded its equity buyback authorization by US$10 billion, bringing the total program to US$23 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Phillips 66 expanded its equity buyback authorization by US$10 billion, bringing the total program to US$23 billion. |