Phillips 66 Announces $1.9 Billion Capital Program for 2022

SUGAR LAND--December 14, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Phillips 66 (NYSE:PSX) (Houston, Texas) plans to spend $1.9 billion in its 2022 capital program, an increase from its spending for 2021, according to the midstream, refining and chemical company. About $922 million be used toward sustaining capital, and $916 million will go toward growth projects, about 45% of which will support lower-carbon initiatives.

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