SOURCE: Industrial Info Resources

Industrial Info Resources

December 09, 2014 06:30 ET

Phillips 66 Concentrates 2015 Capital Spending on Midstream Operations, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Dec 9, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Integrated energy and logistics company Phillips 66 (NYSE:PSX) (Houston, Texas) plans to increase its capital expenditures (capex) next year by 70% to $4.6 billion, with nearly two thirds of that amount to increase its midstream capability. Industrial info is tracking 80 active Phillips 66 projects, with an estimated worth of $2.7 billion.

Within this article: Overview of 2015 capex expenditure targets by Phillips 66, including major projects such as the $1 billion Freeport grassroot liquefied petroleum gas (LPG) production and export terminal in Texas.

Other companies featured: Spectra Energy (NYSE:SE), Chevron Corporation (NYSE:CVX)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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