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With Strong 2018 Earnings, Phillips 66 Progresses With Capital Projects

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Industry Segment: Pipelines | Word Count: 748 Words
Attachment: Active Phillips 66 and CP Chem Projects

SUGAR LAND--February 11, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Phillips 66 (NYSE:PSX) (Houston, Texas) reported strong earnings and the progression of several capital projects in 2018. The company's capital spending in fourth-quarter 2018 was $1 billion, with approximately $648 million allocated toward growth projects. Phillips 66 reported consolidated earnings of $5.6 billion for full-year 2018, compared with $5.1 billion in 2017.

Within this article: Updates of key Phillips 66 projects

Other companies featured: Buckeye Partners LP (NYSE:BPL), Chevron Corporation (NYSE:CVX), Fluor Corporation (NYSE:FLR)

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