Capital Expenditures and Investments
Phillips 66 Capital Expenditures and Investments decreased by 14.7% to $582.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 37.6%, from $423.00M to $582.00M. Over 4 years (FY 2021 to FY 2025), Capital Expenditures and Investments shows an upward trend with a 4.7% CAGR.
Analysis
How to read this metric
High spending may indicate growth initiatives, while low spending may suggest maintenance-only mode or capital discipline.
Detailed definition
The total cash outflow for the acquisition of property, plant, and equipment, as well as long-term investments. This rep...
Peer comparison
Standard metric for capital-intensive industries like refining and midstream energy.
investing_capital_expenditures_and_investmentsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $380.00M | $552.00M | $597.00M | $370.00M | $376.00M | $735.00M | $407.00M | $378.00M | $551.00M | $592.00M | $634.00M | $628.00M | $367.00M | $358.00M | $506.00M | $423.00M | $587.00M | $541.00M | $682.00M | $582.00M |
| QoQ Change | — | +45.3% | +8.2% | -38.0% | +1.6% | +95.5% | -44.6% | -7.1% | +45.8% | +7.4% | +7.1% | -0.9% | -41.6% | -2.5% | +41.3% | -16.4% | +38.8% | -7.8% | +26.1% | -14.7% |
| YoY Change | — | — | — | — | -1.1% | +33.2% | -31.8% | +2.2% | +46.5% | -19.5% | +55.8% | +66.1% | -33.4% | -39.5% | -20.2% | -32.6% | +59.9% | +51.1% | +34.8% | +37.6% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Midstream | $96.00M | $172.00M | $228.00M | $216.00M | $384.00M | $347.00M | $284.00M | $343.00M |
| Refining | $105.00M | $146.00M | $196.00M | $176.00M | $148.00M | $145.00M | $307.00M | $210.00M |
| Renewable Fuels | — | — | — | $9.00M | $9.00M | $15.00M | $23.00M | $10.00M |
| Chemicals | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| M&S | — | — | — | $15.00M | — | — | — | — |
| Total | $367.00M | $358.00M | $506.00M | $423.00M | $587.00M | $541.00M | $682.00M | $582.00M |
Corporate and Other, Marketing and Specialties are derived from annual filings.
Corporate and Other, Marketing and Specialties were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Capital Expenditures and Investments at Other Companies
Frequently Asked Questions
- What is Phillips 66's capital expenditures and investments?
- Phillips 66 (PSX) reported capital expenditures and investments of $582.00M in Q1 2026.
- How has Phillips 66's capital expenditures and investments changed year-over-year?
- Phillips 66's capital expenditures and investments increased by 37.6% year-over-year, from $423.00M to $582.00M.
- What is the long-term trend for Phillips 66's capital expenditures and investments?
- Over 4 years (2021 to 2025), Phillips 66's capital expenditures and investments has grown at a 4.7% compound annual growth rate (CAGR), from $1.86B to $2.23B.
- What does capital expenditures and investments mean?
- Cash spent on long-term assets and capital projects.