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...

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