(Energy Analytics Institute, 4.Nov.2024) — Phillips 66 is very close to achieving its $3bn non-core asset divestment target, the company said in its most recent investor update.
Phillips 66 has achieved $2.7bn of the target, the company announced in its Nov. 2024 investor update presentation on its website.
The deal value includes various asset dispositions either completed or announced between the first-quarter 2023 and Oct. 2024, Phillips 66 said.
The biggest deals include COOP (Switzerland) with a price tag of $1.2bn followed by the Rockies Express Pipeline deal with a price tag of $0.7bn, the company said.
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