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 (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.
Phillips 66 (NYSE: PSX) executives will speak at the Piper Sandler 26th Annual Energy Conference on March 17, 2026 at 1:30 p.m. ET. The fireside chat will feature CFO Kevin Mitchell and EVP Refining Richard Harbison discussing outlook, strategic execution across segments, and capital allocation.
Live webcast access is available via the Events and Presentations section of the Phillips 66 investor site, with a replay archived the day after and a transcript posted later.
Phillips 66 (NYSE: PSX) appointed Howard Ungerleider and Kevin Meyers to its Board of Directors, effective March 8, 2026. The additions follow constructive engagement with Elliott Investment Management and aim to strengthen financial, operational and energy expertise. Two directors intend to retire ahead of the May 2026 annual meeting, after which the Board will have 14 directors, 13 independent.