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Phillips 66 Takes Action to Respond To Current Business Environment

机译:Phillips 66采取行动响应当前的商业环境

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Houston—Phillips 66, in response to the current "challenging" business environment, said it is taking several actions to maintain its financial strength to ensure security of its dividend, execute capital growth projects that are near completion, and maintain its investment grade credit rating. The company will reduce its 2020 consolidated capital spending by $700-million to $3.1-billion. This will be achieved in part by deferring its Red Oak Pipeline and Sweeny Frac 4 projects, as well as Phillips 66 Partners' Liberty Pipeline. It will also postpone its final investment decision on the ACE Pipeline.
机译:休斯顿 - 菲利普斯66,回应目前的“挑战”商业环境,表示正在采取几项行动,以保持其财务实力,以确保其股息的安全性,执行近乎完成的资本增长项目,并保持其投资级信用评级 。 该公司将减少2020年综合资本支出7000万美元至31亿美元。 这将部分通过推迟其红橡木管道和Sweeny FRAC 4项目,以及菲利普斯66合作伙伴自由管道。 它还将推迟其对ACE管道的最终投资决定。

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