PSX Jan 2024 105.000 put
| Previous Close | 0.2000 |
| Open | 0.2000 |
| Bid | 0.1500 |
| Ask | 0.3000 |
| Strike | 105.00 |
| Expire Date | 2024-01-19 |
| Day's Range | 0.2000 - 0.2000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.31k |
ReutersRefiner Phillips 66 forecasts lower spending in 2024
In November, the activist investment firm in a letter revealed a $1 billion stake in Phillips 66 and criticized its refining operations saying management had taken its "eye off the ball" by letting operating expenses soar. Prior to Elliott's letter, Phillips 66 had unveiled a plan to raise about $3 billion from non-core asset sales and reduce $1 in cost per barrel. The company forecast its 2024 capital expenditure at $2.2 billion, compared with its estimated 2023 spending of $2.5 billion.
- Reuters
UPDATE 2-Refiner Phillips 66 forecasts lower spending in 2024
U.S. refiner Phillips 66 forecast lower spending in 2024 on Friday, days after Elliott Investment Management sought a revamp of its board to boost lagging performance. In November, the activist investment firm in a letter revealed a $1 billion stake in Phillips 66 and criticized its refining operations saying management had taken its "eye off the ball" by letting operating expenses soar. Prior to Elliott's letter, Phillips 66 had unveiled a plan to raise about $3 billion from non-core asset sales and reduce $1 in cost per barrel.
Business WirePhillips 66 Announces 2024 Capital Program
HOUSTON, December 08, 2023--Phillips 66 announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital.
