Houston-based Phillips 66 (NYSE: PSX) has cut its forecast for 2016 capital expenditures by nearly a quarter after delays and cancellations to midstream projects in the third quarter, especially the heavily-protested Dakota Access Pipeline project. The company now expects to spend about $3 billion through the end of 2016, down about $900 million from previous expectations, CEO Greg Garland said on Phillips 66’s third-quarter earnings conference call. “We’re still confident that our growth…
Houston's Phillips 66 Cuts 2016 Spending Expectations
Joshua Mann, Biz Journals
Fri, 10/28/2016 - 12:20pm
BING NEWS:
- Houston News
© 2024 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement ...
06/13/2024 - 8:57 pm | View Link - Callous cuts by DeSantis make no fiscal sense | Editorial
In a state growing as quickly as Florida, bragging that this year’s budget is less than last year’s because of $1 billion in cuts is hardly praiseworthy behavior by Gov. Ron DeSantis.
06/13/2024 - 8:25 am | View Link - Friday stays dry for most, tropical rains expected after Father's Day
HOUSTON, Texas (KTRK) -- Our weather will continue to dry out and heat up over the next couple of days, but thunderstorms chances return for Father's Day and beyond. In fact, we are still on track ...
06/13/2024 - 4:52 am | View Link - Florida's DeSantis cuts $1B to bring state budget to $116.5B, slightly less than the current plan
The state's next budget will be slightly less than the current year's after Florida Gov. Ron DeSantis vetoed about $1 billion to bring the spending plan down to $116.5 billion ...
06/12/2024 - 12:09 pm | View Link - GOP plots big push to extend tax cuts if Republicans sweep in November
Speaker Mike Johnson and Senate Republicans are looking for ways to advance their agenda next year if Trump were to win the Presidency. Top of the list: a tax overhaul.
06/12/2024 - 9:33 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more