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.” ...

Phillips 66 (NYSE:PSX) today provided investors with important information to make fully informed voting decisions at the Phillips 66 Annual Meeting on May 21, 2025. This overview is intended to ...

Earnings from Lazard, Colgate-Palmolive and Phillips ... Effects Unclear, Plans to Improve Global Supply Strategy, Still Working With Alimentation Couche-Tard on Divestiture Package, Special ...

For 2025, the company announced $1.2 billion of divestiture proceeds utilized ... Chevron is also exploring the acquisition of Phillips 66’s stake in their chemicals JV, CPChem, with CEO Mike ...

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 ...