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Phillips 66 Grows Footprint Across Multiple Petroleum Sectors


Industry Segment: Pipelines | Word Count: 846 Words

SUGAR LAND--October 28, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--Phillips 66 (NYSE:PSX) (Houston, Texas) and its spinoff Phillips 66 Partners (NYSE:PSXP) are intent on growing their holdings in multiple oil and gas sectors. The companies are underway with several pipelines, terminals, fractionators and refining projects. In the just-passed third quarter, Phillips 66 had capital expenditures (capex) of $867 million, including $569 million for growth projects. The company's adjusted capex for the full year is expected to be between $3.3 billion and $3.6 billion.

Within this article: Details of Phillips 66 projects

Other companies featured: Buckeye Partners (NYSE:BPL)

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