Phillips 66 Sets $3B 2025 Capital Program Focused on Growth

Phillips 66 (PSX) , the Houston-based oil giant, revealed its 2025 capital budget last week, totaling $2.1 billion, with a strategic focus on sustaining capital and growth investments. The company plans to allocate $998 million for sustaining capital, with $1.1 billion earmarked for growth initiatives.Mark Lashier, chairman and CEO of Phillips 66, highlighted the company's continued focus on capital discipline, ensuring that investments are aligned with its strategic priorities. The budget reflects Phillips ...