News
25 March 2020

Phillips 66 cuts plans $3bn cuts amid price and virus uncertainty

In:
Oil & gas
Region:
Americas

Pipeline and refinery operator Phillips 66 is targeting over $3 billion in cuts in response to weak oil prices and COVID-19 uncertainties. The company intends to cut $700 million from its capital expenditure budget, eliminate $500 million of operating costs and suspending a stock...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Expert opinion
11 May 2026

Why SMEs are the future of export finance

SME EPC contractors may lack the scale and track record of the industry’s traditional heavyweights, but in emerging market infrastructure they are becoming too important for...

Perspective
15 May 2026

Shopping lines: The new darling of export finance

Shopping lines credits are emerging as a key evolution in export finance. The tailored and flexible product is bound by procurement commitments unlike rigid buyer credits -...