- American City Business Journals•23 hours ago
Phillips 66 (PSX), the largest Houston-based public company, announced its 2017 capital budget is nearly $2.7 billion, excluding joint ventures. As of Oct. 28, Phillips 66’s 2016 capital expenditures were expected to total approximately $3 billion . The 2017 budget includes nearly $1.55 billion for Phillips 66’s midstream business, including $437 million for its master limited partnership, Phillips 66 Partners LP (PSXP).
U.S. independent oil refiner Phillips 66 said it lowered its capital budget for 2017 by about 25 percent to $2.7 billion. Phillips 66, which had earmarked a budget of $3.6 billion for 2016, said in October it expected its 2017 capital spending to be "less than $3 billion". "The reduction in capital spending from prior years reflects that fewer projects meet our return thresholds in the current business environment," CEO Greg Garland said in a statement.
- Business Wire•yesterday
Phillips 66 , an energy manufacturing and logistics company, announces its 2017 capital budget of $2.7 billion. The plan includes $1.3 billion for midstream growth and $0.9 billion directed toward enhancing refining returns and supporting operating excellence.
PSX : Summary for Phillips 66 Common Stock - Yahoo Finance
Phillips 66 (PSX)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||86.91 x 400|
|Ask||87.48 x 100|
|Day's Range||86.86 - 87.69|
|52 Week Range||71.74 - 90.87|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||22.82|
|Dividend & Yield||2.52 (2.97%)|
|1y Target Est||N/A|