Summary
Phillips 66 (PSX) filed an 8-K on October 26, 2018, primarily to disclose forward-looking capital expenditure guidance for 2019. During a conference call webcast discussing third-quarter 2018 results, Chairman and CEO Greg Garland indicated that the company anticipates its consolidated capital budget for 2019 to range between $2.0 billion and $2.5 billion. This guidance specifically pertains to the company's expected growth capital for the upcoming year.
Key Highlights
- 1Phillips 66 anticipates its 2019 consolidated capital budget to be in the range of $2.0 billion to $2.5 billion.
- 2The provided capital budget guidance is for growth capital in 2019.
- 3This information was disclosed on October 26, 2018, during a conference call webcast.
- 4The disclosure was made in response to a question during the webcast discussing Q3 2018 financial results.
- 5The Chairman and CEO, Greg Garland, provided the capital budget outlook.