PSX is divesting a 65% stake in its Germany and Austria retail business, valued at $2.8 billion, as part of its strategy to ...

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.” ...

Activist Elliott Investment Management successfully gained a foothold on the Phillips 66 board despite split voting results.

In the first quarter of 2025 Phillips 66 exceeded a divestiture target of over $3 billion, meant to support its shareholder return target and other long-term priorities, with the receipt of $2 ...

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 ...

Phillips 66 (NYSE:PSX) recently announced that it has entered into a definitive agreement to divest a 65% interest in its ...

The unit Phillips 66 Continental Holding has entered into a definitive agreement for the divestiture, which includes JET-branded sites. The proceeds will be used to support Phillips 66's strategic ...

Phillips 66 announced today that its subsidiary, Phillips 66 Continental Holding GmbH, has entered into a definitive agreement to divest a 65 percent interest in its Germany and Austria retail ...