Phillips 66 Announces $2 Billion Capital Program for 2023

December 13, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Phillips 66 (NYSE:PSX) (Houston, Texas) plans to spend $2 billion in its 2023 capital program, the refining, midstream and chemical company announced last week. The capital plan includes $865 million for sustaining capital, and $1.1 billion will be used toward growth projects, about 50% of which will support lower-carbon initiatives.