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.

Shares of the oil refiner were recently down about 6%, putting them among the S&P 500’s biggest daily decliners and sending ...

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 ...

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

It and Phillips 66 are locked in a proxy battle for control of the company, and have both put forth a slate of directors for its board. A vote on those directors will take place at Phillips 66's ...

An activist investor's battle for influence at downstream energy giant Phillips 66 (NYSE: PSX) is heating up, and it's pushing up the share price. The company's share price was up by nearly 13% ...