NYSE:PSXOil and Gas
How New Permian Midstream Projects Will Impact Phillips 66 (PSX) Investors
Earlier this month, Phillips 66 said it will proceed with the Zeus Gas Plant in the Permian Basin and a third Coastal Bend Fractionator in Texas, both slated to start operations in 2028 within its US$2.00–US$2.50 billion capital spending program.
These projects deepen Phillips 66’s integrated wellhead‑to‑market infrastructure, linking Permian gas processing and Gulf Coast NGL fractionation in a way that could reshape the balance of its earnings mix over time.
We’ll now examine how committing...