UPDATE: Phillips 66 (PSX) says capital budget is $2.3 billion
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Phillips 66 Announces 2019 Capital Program
December 14, 2018 2:32 PM ESTAttractive Midstream Growth Opportunities; Commitment to Disciplined Capital Allocation
HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces its 2019 capital program, investing in attractive growth opportunities and funding safety and reliability projects. The Phillips 66 capital budget, excluding Phillips 66 Partners, is $2.3 billion. The Phillips 66 Partners capital budget net of $303 million expected cash capital contributions from noncontrolling interests (adjusted capital) is $601 million.
The 2019 capital program reflects our strong portfolio of growth projects aligned with our long-term strategy, said Chairman and CEO Greg Garland. We are building out our integrated Midstream... More
