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Phillips 66 Progresses with 'Robust Portfolio of Midstream Growth Projects'


Industry Segment: Pipelines | Word Count: 880 Words
Attachment: Active Phillips 66 Projects

SUGAR LAND--July 29, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--By all accounts, Phillips 66 (NYSE:PSX) (Houston, Texas) had a good second-quarter 2019. The company posted net earnings of $1.4 billion, compared with $204 million in the prior quarter. In the quarter, Phillips 66 announced substantial new capital projects. In the company's recent conference call, Chief Executive Officer Greg Garland said, "We're executing a robust portfolio of midstream growth projects with attractive returns. These new projects will provide us with continued future earnings growth." Industrial Info is tracking $11.5 billion in active Phillips 66 projects, covering a range of industries, including pipelines, natural gas liquid [NGL] fractionation and refining.

Within this article: Details of major Phillips 66 projects, including a joint venture with Plains All American Pipeline LP (NYSE:PAA)

Other companies featured: Phillips 66 Partners (NYSE:PSXP)

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