Welcome to our dedicated page for Phillips 66 news (Ticker: PSX), a resource for investors and traders seeking the latest updates and insights on Phillips 66 stock.
Phillips 66 (NYSE: PSX) generates a steady flow of news across refining, midstream, chemicals, marketing and renewable fuels. As an integrated downstream energy provider headquartered in Houston, Texas, the company frequently issues updates on capital projects, portfolio changes, financial results and strategic partnerships that shape its role in supplying fuels and petrochemical products.
News about Phillips 66 often covers refining and marketing developments, such as investments at the Humber Refinery in North Lincolnshire and changes in its European retail marketing footprint. For example, the company announced the sale of a 65% interest in its Germany and Austria retail marketing business while retaining a non‑operated stake, and its UK subsidiary Phillips 66 Limited agreed to acquire Lindsey Oil Refinery assets to integrate key facilities into the Humber Refinery.
Investors and industry followers can also expect midstream and pipeline project updates, including announcements related to the Western Gateway refined products pipeline being developed with Kinder Morgan. These stories highlight how Phillips 66 connects midcontinent refinery supply to markets in Arizona, California and Nevada.
Regular earnings releases and capital budget announcements provide insight into segment performance, capital allocation between sustaining and growth projects, and progress on NGL wellhead‑to‑market initiatives, refining optimization and renewable fuels investments. Additional news items may feature branding collaborations, such as 76 Renewable Diesel promotions, and participation in industry conferences.
This news page allows readers to follow the latest press releases, project milestones and financial disclosures related to PSX. For anyone tracking downstream energy, refined products logistics, petrochemicals or renewable fuels, the Phillips 66 news feed offers a focused view of how the company manages its portfolio and invests in both traditional and lower‑carbon energy.
Phillips 66 (NYSE: PSX) has announced its quarterly dividend payment. The company's board of directors has declared a dividend of $1.20 per share on common stock. Shareholders of record as of August 19, 2025 will receive the dividend payment on September 2, 2025.
Stonepeak and Energy Equation Partners (EEP) have agreed to acquire a majority stake in JET Tankstellen Deutschland GmbH from Phillips 66 (NYSE: PSX) in a deal valuing the business at €2.5 billion. Phillips 66 will maintain a 35% minority interest through a new joint venture.
JET is a leading fuel retailer in Germany and Austria, operating 970 service stations that serve over 700,000 customers daily. The company features convenience stores, car washes, and a growing EV charging network. JET has been recognized as Germany's most popular gas station brand by YouGov Deutschland for 15 consecutive years.
The transaction is expected to close in the second half of 2025, subject to regulatory approvals.
Phillips 66 (PSX) has announced an agreement to sell a 65% stake in its Germany and Austria retail marketing business to a consortium owned by Energy Equation Partners and Stonepeak. The transaction values the business at approximately €2.5 billion ($2.8 billion), with an Enterprise Value/EBITDA multiple of 9.1x based on expected 2025 EBITDA.
Phillips 66 will maintain a 35% non-operated interest through a new joint venture and expects to receive pre-tax cash proceeds of about €1.5 billion ($1.6 billion). The proceeds will support debt reduction and shareholder returns. The deal includes 970 sites (843 JET-branded) and a multi-year supply agreement from the MiRO Refinery. The transaction is expected to close in H2 2025, subject to regulatory approvals.
Phillips 66 (NYSE:PSX) has announced its upcoming 2025 Annual Meeting of Shareholders, scheduled for Wednesday, May 21 at 8 a.m. CT. The meeting will be held in a virtual-only format via audio webcast. Shareholders must pre-register by Tuesday, May 20 at 8 a.m. CT using their 16-digit control number and submit documentation. Only shareholders of record as of April 4, 2025 who have pre-registered can attend. The meeting will be accessible through cesonlineservices.com/psx25_vm or Phillips 66's Investors website. A replay and transcript will be made available after the meeting.
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