Williams Companies to Keep 2021 Growth Capex in Line with Last Year

Williams Companies to Keep 2021 Growth Capex in Line with Last Year

Williams Companies to Keep 2021 Growth Capex in Line with Last Year


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SUGAR LAND--February 24, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Williams Companies Incorporated (NYSE:WMB) (Tulsa, Oklahoma) plans to keep its growth capital expenditures (Capex) in the range of $1 billion to $1.2 billion this year, roughly in line with what it spent last year, executives with the natural gas processing and transportation firm said Tuesday. Citing headwinds such as the COVID-19 pandemic, the collapse in oil prices and depressed natural gas liquids prices, along with an unusually active hurricane season, the company reported its net earnings for 2020 were less than a fourth of what it earned in 2019.

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