SOURCE: Industrial Info Resources

Industrial Info Resources

August 03, 2015 06:10 ET

Phillips 66 Doubles Capex to Bolster Midstream Growth, Beefs Up Refining and Chemicals Capacity on Gulf Coast, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Aug 3, 2015) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Solid growth in its Refining segment and lower costs helped Phillips 66 (NYSE:PSX) (Houston, Texas) avoid the fate of other oil & gas companies in second-quarter 2015, as the company boasted solid profits amid continued weakness in commodity prices. Phillips 66 is upping its Midstream and Chemicals investments, particularly in the profitable Gulf Coast. Industrial Info is tracking $67.71 billion in active projects related to Phillips 66, including $12.15 billion along the Gulf Coast.

Within this article: Details on Phillips 66's quarter and projects, such as a condensate pipeline and terminal under construction on the Gulf Coast.

Other companies featured: Dow Chemical (NYSE:DOW), DCP Midstream LLC (NYSE:DPM), Spectra Energy (NYSE:SE)

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five 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 "Contact Us" page.

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