Phillips 66 announced its capital budget for 2025, totaling $2.1 billion. This comprehensive program is designed to support both sustaining operations and strategic growth initiatives across its diverse segments.
The budget allocates $998 million towards sustaining capital, ensuring the ongoing reliability and maintenance of existing assets. A significant portion, $1.1 billion, is designated for growth capital, emphasizing the company's commitment to expanding its business.
This capital allocation reflects Phillips 66's disciplined approach to investment, aiming to enhance shareholder value and position the company for future opportunities. The growth capital is primarily focused on the Midstream segment, underscoring its strategic importance.
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