Latest period
$2.39B
YoY change
+20.1%
5Y CAGR
-5.2%
Peak year (2015)
$5.76B
Cumulative CapEx
$42.92B
CapEx history chart for Phillips 66 (PSX) from 2009 to 2025
Latest: $2.23B
CapEx growth chart for Phillips 66 (PSX) from 2009 to 2025
Latest: +20.1%
CapEx history table for Phillips 66 (PSX) from 2009 to 2025
| 2025 | $2.23B | +20.1% | +$374.00M | ||
| 2024 | $1.86B | -23.1% | −$559.00M | ||
| 2023 | $2.42B | +10.2% | +$224.00M | ||
| 2022 | $2.19B | +18.0% | +$334.00M | ||
| 2021 | $1.86B | -36.3% | −$1.06B | ||
| 2020 | $2.92B | -24.6% | −$953.00M | ||
| 2019 | $3.87B | +46.8% | +$1.23B | ||
| 2018 | $2.64B | +44.1% | +$807.00M | ||
| 2017 | $1.83B | -35.6% | −$1.01B | ||
| 2016 | $2.84B | -50.7% | −$2.92B | ||
| 2015 | $5.76B | +52.8% | +$1.99B | ||
| 2014 | $3.77B | +112.1% | +$1.99B | ||
| 2013 | $1.78B | +3.4% | +$58.00M | ||
| 2012 | $1.72B | +68.4% | +$699.00M | ||
| 2011 | $1.02B | -11.1% | −$128.00M | ||
| 2010 | $1.15B | -53.3% | −$1.31B | ||
| 2009 | $2.46B | — | — |
- 2025$2.23B+20.1%
- 2024$1.86B-23.1%
- 2023$2.42B+10.2%
- 2022$2.19B+18.0%
- 2021$1.86B-36.3%
- 2020$2.92B-24.6%
- 2019$3.87B+46.8%
- 2018$2.64B+44.1%
- 2017$1.83B-35.6%
- 2016$2.84B-50.7%
- 2015$5.76B+52.8%
- 2014$3.77B+112.1%
- 2013$1.78B+3.4%
- 2012$1.72B+68.4%
- 2011$1.02B-11.1%
- 2010$1.15B-53.3%
- 2009$2.46B—
CapEx values are taken from Phillips 66's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at Phillips 66 (PSX)
According to Phillips 66's latest reported financial statements, the company's current CapEx (TTM) is $2.39B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, Phillips 66 (PSX) CapEx totalled $2.23B – grew 20.1% year-over-year.
Over 2020–2025 (5 years), Phillips 66 CapEx expanded at a -5.2% compound annual rate, with a net decline across the window.
Phillips 66 CapEx plunged from $5.76B in 2015 to $2.23B in 2025, a 61.3% drawdown.
2015 marks the peak CapEx at $5.76B, with the historical low of $1.02B recorded in 2011.
Phillips 66 Capital Expenditures by Year
Phillips 66 Capital Expenditures 2025: $2.23B
In 2025, Phillips 66 reported CapEx of $2.23B, grew 20.1% from 2024.
Phillips 66 Capital Expenditures 2024: $1.86B
Phillips 66 CapEx in 2024 was $1.86B, declined 23.1% below 2023.
Phillips 66 Capital Expenditures 2023: $2.42B
2023's CapEx for Phillips 66 came in at $2.42B, grew 10.2% from 2022.
Phillips 66 Capital Expenditures 2022: $2.19B
Phillips 66 posted CapEx of $2.19B in 2022, grew 18.0% from 2021.
Phillips 66 Capital Expenditures 2021: $1.86B
Phillips 66 CapEx in 2021 was $1.86B.
See more financial history for Phillips 66 (PSX).
Sector peers by CapEx
Energy peers of Phillips 66 (PSX), ranked by their latest CapEx
| $28.36B | |
| $17.35B | |
| $8.83B | |
| $4.89B | |
| $3.49B | |
| $3.02B | |
| $1.69B | |
| $796.00M |
- $28.36B
- $17.35B
- $8.83B
- $4.89B
- $3.49B
- $3.02B
- $1.69B
- $796.00M
Frequently asked questions
Phillips 66 (PSX) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation