Phillips 66 Announces Completion of Phillips 66 Partners Acquisition
March 09 2022 - 8:02AM
Business Wire
Phillips 66 (NYSE: PSX) announced today the completion of the
previously announced merger between Phillips 66 Partners (PSXP) and
Phillips 66. The merger resulted in Phillips 66 acquiring all
limited partnership interests in PSXP not already owned by Phillips
66 and its affiliates. Partnership unitholders received 0.50 shares
of PSX common stock for each outstanding PSXP common unit,
including preferred units that were converted into common units at
a premium prior to closing.
Effective March 9, 2022, PSXP’s common units will no longer be
publicly traded on the New York Stock Exchange.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally.
Headquartered in Houston, the company has 14,000 employees
committed to safety and operating excellence. Phillips 66 had $56
billion of assets as of Dec. 31, 2021. For more information, visit
www.phillips66.com or follow us on Twitter @Phillips66Co.
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version on businesswire.com: https://www.businesswire.com/news/home/20220308006108/en/
Jeff Dietert (investors) 832-765-2297 jeff.dietert@p66.com
Shannon Holy (investors) 832-765-2297 shannon.m.holy@p66.com
Thaddeus Herrick (media) 855-841-2368
thaddeus.f.herrick@p66.com
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