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

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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