Refiner Phillips 66 cuts 2017 capital budget by 25 pct By: Reuters: Company News December 09, 2016 at 12:38 PM EST Dec 9 (Reuters) - U.S. independent oil refiner Phillips 66 said it lowered its capital budget for 2017 by about 25 percent to $2.7 billion. Read More >> Related Stocks: Marathon Petroleum Phillips 66