Phillips 66, Kinder Morgan, HF Sinclair Approve $5B Pipeline Project
Phillips 66 shares rise after Western Gateway reaches investment decision, with the $5B pipeline targeting 230,000 barrels per day capacity.
Three big energy companies agreed to build a huge new pipeline that will cost $5 billion and move lots of oil. When companies invest big money in new projects, it can mean they think their business will stay strong and busy.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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