Industry News

Phillips 66 announces 2026 capital budget $2.4 Billion

Phillips 66 announces 2026 capital budget $2.4 Billion

This article is brought to you by: DFI Piling, leaders in helical piles HOUSTON, Dec. 15, 2025 – Phillips 66 (NYSE: PSX) today announced its 2026 capital budget of $2.4 billion, including $1.1 billion for sustaining capital and $1.3 billion for growth capital. “The...

U.S. Court Backs Elliott’s $5.9B Bid for Citgo Parent

U.S. Court Backs Elliott’s $5.9B Bid for Citgo Parent

Court greenlights Amber Energy’s winning offer as Citgo Petroleum, one of America’s largest refiners, moves closer to a change of control pending U.S. regulatory approval. A U.S. federal judge has approved a $5.9 billion bid from an affiliate of Elliott Investment...