Phillips 66 (PSX) Announces 2018 Capital Budget of $2.3 Billion
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Phillips 66 Announces 2018 Capital Program
December 8, 2017 11:57 AM ESTCommitment to Disciplined Capital Allocation
HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), an energy manufacturing and logistics company, announces its 2018 capital budget of $2.3 billion, which includes $1.4 billion of growth capital and $0.9 billion of sustaining capital.
The 2018 capital program demonstrates our commitment to disciplined capital allocation and operating excellence, said chairman and CEO Greg Garland. We continue to make sustaining capital investments to maintain the integrity of our assets and ensure safe, reliable and environmentally responsible operations. Our growth budget promotes value through investment in capital projects offering attractive returns. Long-term,... More
