{"id":914461,"date":"2025-12-01T07:04:23","date_gmt":"2025-12-01T12:04:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\/"},"modified":"2025-12-01T07:04:23","modified_gmt":"2025-12-01T12:04:23","slug":"phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\/","title":{"rendered":"Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business"},"content":{"rendered":"

<\/p>\n

Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nPhillips 66 (NYSE: PSX) today announced it has closed the sale of a 65 percent interest in its Germany and Austria retail marketing business to a consortium owned by subsidiaries of Energy Equation Partners and Stonepeak. Phillips 66 will retain a 35 percent non-operated interest in the new joint venture company which will hold the retail marketing business.\n<\/p>\n

\n\u201cWe are executing with discipline and a clear strategy to create long-term shareholder value,\u201d said Mark Lashier, chairman and CEO of Phillips 66. \u201cThis transaction strengthens the balance sheet and optimizes our portfolio by monetizing non-core assets at attractive valuations.”\n<\/p>\n

\nLashier added, \u201cSince 2022 we have sold over $5 billion in assets and enhanced our position in the U.S. Central Corridor and Gulf Coast.\u201d\n<\/p>\n

\nThe transaction values the Germany and Austria retail marketing business at an enterprise value of approximately \u20ac2.5 billion (approximately $2.8 billion). At closing, Phillips 66 received approximately \u20ac1.5 billion (about $1.6 billion) in pre-tax proceeds.\n<\/p>\n

\nPhillips 66 Continental GmbH also entered into a multi-year agreement for the supply of product to the joint venture from the Mineraloelraffinerie Oberrhein GmbH & Co. KG (MiRO) Refinery.\n<\/p>\n

About Phillips 66<\/b><\/p>\n

\nPhillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company\u2019s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, TX, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com<\/a> or follow @Phillips66Co<\/a> on LinkedIn.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251130349727\/en\/<\/a><\/span><\/p>\n

\nInvestor Relations
\n
investorrelations@p66.com<\/a><\/p>\n

\nMedia Relations
\n
phillips66media@p66.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas North America United States Europe Germany Austria<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Marketing Communications Oil\/Gas Energy Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE: PSX) today announced it has closed the sale of a 65 percent interest in its Germany and Austria retail marketing business to a consortium owned by subsidiaries of Energy Equation Partners and Stonepeak. Phillips 66 will retain a 35 percent non-operated interest in the new joint venture company which will hold the retail marketing business. \u201cWe are executing with discipline and a clear strategy to create long-term shareholder value,\u201d said Mark Lashier, chairman and CEO of Phillips 66. \u201cThis transaction strengthens the balance sheet and optimizes our portfolio by monetizing non-core assets at attractive valuations.” Lashier added, \u201cSince 2022 we have … <\/p>\n

Continue reading “Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-914461","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPhillips 66 completes sale of majority interest in Germany and Austria retail marketing business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE: PSX) today announced it has closed the sale of a 65 percent interest in its Germany and Austria retail marketing business to a consortium owned by subsidiaries of Energy Equation Partners and Stonepeak. Phillips 66 will retain a 35 percent non-operated interest in the new joint venture company which will hold the retail marketing business. \u201cWe are executing with discipline and a clear strategy to create long-term shareholder value,\u201d said Mark Lashier, chairman and CEO of Phillips 66. \u201cThis transaction strengthens the balance sheet and optimizes our portfolio by monetizing non-core assets at attractive valuations.” Lashier added, \u201cSince 2022 we have … Continue reading "Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-01T12:04:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20251130349727r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business\",\"datePublished\":\"2025-12-01T12:04:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\\\/\"},\"wordCount\":326,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20251130349727r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/phillips-66-completes-sale-of-majority-interest-in-germany-and-austria-retail-marketing-business\\\/\",\"name\":\"Phillips 66 completes sale of majority interest in Germany and Austria retail marketing business - 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