Phillips 66 Partially Exits European Retail Market With $2.8 Billion Deal:
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2025
0mins
Source: Benzinga
Phillips 66 Stake Sale: Phillips 66 has agreed to sell a 65% stake in its retail marketing business in Germany and Austria for approximately €2.5 billion, expecting pre-tax cash proceeds of around €1.5 billion to support debt reduction and shareholder returns.
Future Operations and Financials: The company will retain a 35% non-operating interest in the joint venture and continue supplying products through a long-term agreement, with the transaction expected to close in the second half of 2025, following regulatory approvals.
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Analyst Views on PSX
Wall Street analysts forecast PSX stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 158.760
Low
110.00
Averages
132.40
High
162.00
Current: 158.760
Low
110.00
Averages
132.40
High
162.00
About PSX
Phillips 66 is a diversified and integrated downstream energy provider that manufactures, transports and markets products. The Company's Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates, including aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products, mainly in the United States and Europe. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at its Humber Refinery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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