PSX · 8-K · 20260805PR000030
Capital Expenditure Program
Phillips 66 · 2026-08-05 · Importance 55 · Surprise 66
Phillips 66 spent $726 million on capital expenditures and investments in the second quarter, up from $582 million in the first quarter. The company announced construction of the 300 million-cubic-feet-per-day Zeus Gas Plant in the Permian Basin and a 100 thousand-barrels-per-day Coastal Bend NGL Fractionator in Corpus Christi. Net acquisitions totaled $113 million, while proceeds from asset dispositions were $64 million. The Golden Triangle Polymers Project in Orange, Texas, and Ras Laffan Polymers Project in Qatar progressed, with full operations expected in 2027.