Phillips 66 (NYSE:PSX) on Monday unveiled its 2026 capital spending plan.The company disclosed capital expenditure of $2.4 billion, comprising$1.1 billion for sustaining investments and $1.3 billion for growth initiatives. • Phillips 66 stock is trading at elevated levels. What’s next for PSX stock?“The 2026 capital budget reflects our ongoing commitment to capital discipline and maximizing shareholder returns. We are investing growth capital in our NGL value chain and high-return Refining projects, while ...