Baker & O'Brien Authors Article on U.S. Refiner Capital Expenditures in the Wake of COVID-19

Baker & O'Brien authored an article on capital expenditures among select U.S. refiners. The article reviews overall capital spending trends, the dynamics of sustaining capital versus discretionary capital expenditures, the downward shift in spending in 2020 in response to the COVID-19 pandemic, and growth projects currently being pursued.