Phillips 66 (PSX) Announces 2020 Capital Program

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Go back to Phillips 66 (PSX) Announces 2020 Capital Program

Phillips 66 Announces 2020 Capital Program

December 13, 2019 11:46 AM EST

Commitment to Disciplined Capital Allocation

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces its 2020 capital program. The Phillips 66 capital budget is $3.3 billion, net of $0.5 billion expected cash capital contributions from joint venture partners (adjusted capital). The adjusted capital budget includes $0.9 billion for Phillips 66 Partners.

The 2020 capital program supports our strategy to grow high-value businesses, improve returns, and ensure safe, reliable and environmentally responsible operations, said Greg Garland, chairman and CEO of Phillips 66. We are investing in attractive growth and return projects that further build... More