Phillips 66 says capital spending could fall in 2020

HOUSTON (Reuters) - U.S. oil refiner Phillips 66 said on Wednesday its 2020 capital spending budget could fall as much as 10% below this year's plans, which include $300 million for a West Coast marketing campaign.Executives at the fourth-largest U.S. refiner by capacity said in a presentation to Wall Street analysts that next year's outlays would range from $3 billion to $3.5 billion, compared with the estimated $3.3 billion to $3.5 billion this year. "Phillips 66 has a consistent, proven..