You are Trying to View a Premium Article

Daily News You Can't Find Anywhere Else

Phillips 66 Sees Optimism for Future as It Carries Out Growth Projects

petroleum_refining

Industry Segment: Petroleum Refining | Word Count: 773 Words

SUGAR LAND--February 1, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream company Phillips 66 (NYSE:PSX) (Houston, Texas) suffered financially amid the economic downturn and lack of demand for petroleum products brought about the COVID-19 pandemic in 2020. The company finished the year with an adjusted loss of $382 million. While Phillips 66 lowered its planned 2020 capital spending plans by $700 million during the year, it nevertheless completed significant projects and continues work on other ones.

Other companies featured: Phillips 66 Partners (NYSE:PSXP), Chevron Corporation (NYSE:CVS)

This Premium Article can be purchased individually or as part of a subscription

Subscribe Now! All Fields Required...

Subscription Type: Pricing Help?

  • Pay-Per-Article - $5.95
  • Annual Subscription - $235.00
  • Annual Subscription with Archive - $395.00