"This transaction marks significant progress in delivering on our commitment of over $3 billion in divestitures," Phillips 66 CEO Mark Lashier ... in 2024 as part of a plan to boost returns ...

Phillips 66 (PSX), the Houston-based oil giant, announced plans to sell its 25% stake in ... refiner to surpass its $3 billion non-core asset divestiture target. Powered by Money.com - Yahoo ...

Phillips 66's grew its midstream segment so much that activist investor Elliott Management pushed to splinter the company—but ...

Phillips 66 (NYSE: PSX) has filed its definitive proxy statement ahead of its May 21 Annual Meeting and issued a strongly worded letter urging shareholders to support its current board nominees ...

On Feb. 11, Elliott issued a letter and presentation to the Phillips 66 board outlining "Streamline66," a plan to resolve the ...

Phillips 66 expects to receive about €1.5 billion ($1.6 billion) in pre-tax cash proceeds, which it plans to deploy toward ... targets and noted that divestiture talks were “very active.” ...

Phillips 66 (PSX) said the deal means it has exceeded its $3B asset divestiture target ... 2025 capital program would reach $3B. In its 2025 plan, Phillips 66 (PSX) forecast a reduction in ...

The same day as the divestiture announcement ... projects and $546 million for growth projects. In Refining, Phillips 66 plans to invest $822 million, including $414 million for sustaining ...

The transaction is expected to close in the second half of 2025. Phillips 66's divestiture comes amid a heated proxy battle with Elliott Investment Management, which secured a key endorsement ...

"This transaction marks significant progress in delivering on our commitment of over $3 billion in divestitures," Phillips 66 CEO Mark Lashier ... in 2024 as part of a plan to boost returns ...