Phillips 66 Concentrates 2015 Capital Spending on Midstream Operations

SUGAR LAND--December 9, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Integrated energy and logistics company Phillips 66 (NYSE:PSX) (Houston, Texas) plans to increase its capital expenditures (capex) next year by 70% to $4.6 billion, with nearly two thirds of that amount to increase its midstream capability. Industrial Info is tracking 80 active Phillips 66 projects, with an estimated worth of $2.7 billion.

Within this article: Overview of 2015 capex expenditure targets by Phillips 66, including major projects such as the $1 billion Freeport grassroot liquefied petroleum gas (LPG) production and export terminal in Texas.

Other companies featured: Spectra Energy (NYSE:SE), Chevron Corporation (NYSE:CVX)