Business Segments · Capital Expenditures and Investments
Refining — Capital Expenditures and Investments
Phillips 66 Refining — Capital Expenditures and Investments decreased by 31.6% to $210.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 19.3%, from $176.00M to $210.00M. Over 4 years (FY 2021 to FY 2025), Refining — Capital Expenditures and Investments shows relatively stable performance with a -0.1% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityVolatile
First reportedQ1 2018
Last reportedQ1 2026
How to read this metric
Higher spending indicates aggressive reinvestment or maintenance, while lower spending may suggest capital discipline or a shift toward harvesting cash flow.
Detailed definition
This metric measures the total cash outflows dedicated to maintaining, upgrading, or expanding the refining segment's ph...
Peer comparison
Comparable to 'Segment Capital Expenditures' reported by other integrated oil and gas refiners.
Metric ID:
psx_segment_refining_capital_expenditures_and_investmentsHistorical Data
20 periods
| 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 | $194.75M | $194.75M | $194.75M | $232.00M | $232.00M | $232.00M | $232.00M | $334.75M | $334.75M | $334.75M | $334.75M | $135.00M | $105.00M | $146.00M | $196.00M | $176.00M | $148.00M | $145.00M | $307.00M | $210.00M |
| QoQ Change | — | +0.0% | +0.0% | +19.1% | +0.0% | +0.0% | +0.0% | +44.3% | +0.0% | +0.0% | +0.0% | -59.7% | -22.2% | +39.0% | +34.2% | -10.2% | -15.9% | -2.0% | +111.7% | -31.6% |
| YoY Change | — | — | — | — | +19.1% | +19.1% | +19.1% | +44.3% | +44.3% | +44.3% | +44.3% | -59.7% | -68.6% | -56.4% | -41.4% | +30.4% | +41.0% | -0.7% | +56.6% | +19.3% |
Range$105.00M – $334.75M
CAGR+1.6%
Avg YoY Growth+9.7%
Median YoY Growth+19.2%
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Frequently Asked Questions
- What is Phillips 66's refining — capital expenditures and investments?
- Phillips 66 (PSX) reported refining — capital expenditures and investments of $210.00M in Q1 2026.
- How has Phillips 66's refining — capital expenditures and investments changed year-over-year?
- Phillips 66's refining — capital expenditures and investments increased by 19.3% year-over-year, from $176.00M to $210.00M.
- What is the long-term trend for Phillips 66's refining — capital expenditures and investments?
- Over 4 years (2021 to 2025), Phillips 66's refining — capital expenditures and investments has grown at a -0.1% compound annual growth rate (CAGR), from $779.00M to $776.00M.
- What does refining — capital expenditures and investments mean?
- The total amount of capital invested in the refining segment's infrastructure and growth projects.