Phillips 66 (PSX) Announces 2021 Capital Program

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Go back to Phillips 66 (PSX) Announces 2021 Capital Program

Phillips 66 Announces 2021 Capital Program

December 14, 2020 7:00 AM EST

Commitment to Disciplined Capital Allocation

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX), a diversified energy manufacturing and logistics company, announces its 2021 capital budget of $1.7 billion, which includes $0.3 billion at Phillips 66 Partners.

Our 2021 capital budget is supported by our diversified portfolio, strong financial position and capital discipline, said Greg Garland, chairman and CEO of Phillips 66. We continue to focus on reducing capital expenditures as market conditions remain challenged. We are prioritizing completion of in-progress projects, as well as advancing our investments in renewable fuels. Phillips 66 is committed to financial flexibility,... More