SUGAR LAND, TX–(Marketwired – Oct 13, 2015) – Researched by Industrial Info Resources (Sugar Land, Texas) — Phillips 66 (NYSE:PSX) (Houston, Texas) is reducing its planned capital expenses for 2016 to $3.6 billion from $4.6 billion this year, the company announced Monday. The capital budget includes a substantial decrease for midstream projects, but an increase for refineries. Industrial Info is tracking 87 active Phillips 66 projects worth $3.79 billion. This includes 34 projects, worth $901 million, that are scheduled to kick off in 2016.
Within this article: Details on Phillip 66’s capital budget for 2016, including major projects in Texas and North Dakota.
Additional companies: Phillips 66 Partners (NYSE:PSXP)
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