- Phillips 66 plans to spend $2.4 billion on capital expenditures in 2026.
- The budget includes $1.1 billion allocated for sustaining capital.
- Growth capital for 2026 is set at $1.3 billion.
- Following the consolidation of WRB Refining, $200 million is earmarked for sustaining capital and $100 million for growth capital within the budget.
- The company’s joint venture with Chevron, Phillips Chemical Company LLC (CPChem), expects capital spending to total $680 million, which will be self-funded.
- Analyst recommendations include 10 buys, 14 holds, and 0 sells for Phillips 66.
Phillips 66 on Smartkarma
Phillips 66 has garnered positive attention from analysts on Smartkarma, with Baptista Research recently publishing a report titled “Phillips 66: Refined Products Expansion.” The report highlights the company’s strong performance in the third quarter of 2025, showcasing robust operational execution across its diverse business segments. Despite facing challenges, Phillips 66, led by CEO Mark Lashier, remains focused on strengthening its core operations, particularly in refining and midstream activities. An impressive achievement noted was the high utilization rate of the refining segment, hitting 99% – the highest since 2018, indicating effective operational management to maximize outputs.
A look at Phillips 66 Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
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Phillips 66, a downstream energy company engaged in oil refining, marketing, transportation, chemical manufacturing, and power generation, is anticipated to have a positive long-term outlook based on its Smartkarma Smart Scores. The company scores well in Dividend and Momentum, indicating a strong performance in providing returns to its shareholders and having positive market momentum. Despite slightly lower scores in Value, Growth, and Resilience, the overall outlook for Phillips 66 appears optimistic due to its solid Dividend and Momentum ratings.
With a blend of scores across different factors, Phillips 66 is positioned to deliver consistent dividends and maintain positive momentum in the market over the long term. While there may be areas for potential growth and resilience improvement, the company’s strengths in Dividend and Momentum suggest a favorable outlook for investors seeking stability and potential returns. As Phillips 66 continues its operations in oil refining, marketing, transportation, chemical manufacturing, and power generation, investors may find confidence in the company’s ability to generate value and sustain performance.
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Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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