PSX · 10-Q · 2026Q2 · Full report

LNG and Chemicals Segment

Phillips 66 · 2026-08-05 · Importance 32 · Surprise 24

CPChem incurred $524 million of capital expenditures and investments on a 100% basis during the first six months of 2026. The program targeted petrochemical projects on the U.S. Gulf Coast and in the Middle East, along with sustaining and optimization work at existing assets. CPChem’s capital program was self-funded, supporting continued development and capacity optimization in these regional chemical markets.

Key facts

• Equity in earnings of affiliates increased $482 million and $581 million for the three and six months ended June 30, 2026, respectively. source