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


Perspective
02 March 2026

Cocobod announces plans for reform as cocoa prices crater

Cocoa prices have returned to historical averages but the threat of volatility remains, and national regulators are still managing the fallout. Ghana’s Cocobod has committed...

Perspective
03 March 2026

Sonangol financing: A benchmark in SACE support

The SACE-backed loan to fund Sonangol’s equity share in the NeGaCo gas project in Angola has marked the first time the ECA has structured such a deal based on the total...