Phillips 66 announces agreement to sell interest in Gulf Coast …

Dec 16, 2024 · Phillips 66 (NYSE: PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in …

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Phillips 66 Announces Agreement To Sell Interest In Gulf Coast …

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Dec 16, 2024 · Phillips 66 (NYSE: PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in …

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Phillips 66 Strikes $865M Pipeline Deal, Surpassing Major …

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Dec 16, 2024 · Phillips 66 (NYSE: PSX) has agreed to sell its 25% non-operated equity interest in Gulf Coast Express Pipeline to an ArcLight Capital Partners affiliate for $865 million in pre-tax …

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ArcLight Expands Gulf Coast Express Pipeline Stake With $865 …

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2 days ago · ArcLight Capital Partners announced Wednesday it has acquired a 25% equity interest in the Gulf Coast Express Pipeline (GCX) from a Phillips 66 affiliate for $865 million. …

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Phillips 66 Optimizes Portfolio With $865M Pipeline Sale

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Dec 19, 2024 · PSX surpasses its $3B asset sale goal by selling a pipeline stake for $865M, ... For 2025, Phillips 66 projects overall expenditures of $2.1 billion, slightly below the $2.2 billion …

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Phillips 66 To Sell DCP GCX Pipeline To ArcLight For Proceeds Of …

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Dec 16, 2024 · Phillips 66 (PSX) announced that it has entered into a definitive agreement to sell DCP GCX Pipeline which owns a 25% non-operated equity interest in Gulf Coast Express …

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ArcLight Acquires 25% Stake In Major Permian Gas Pipeline For …

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4 days ago · ArcLight Capital Partners has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline (GCX) from Phillips 66 for $865 million.GCX will now be jointly …

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Phillips 66 Sells Stake In Texas Pipeline To $865 Million

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Dec 16, 2024 · Phillips 66, despite a decline in refinery profits, has chosen to maintain stable payouts for investors by reducing costs and setting a target of $3 billion via non-core assets …

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Phillips 66 To Sell Stake In Texas Pipeline For $865 Mln

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Dec 16, 2024 · Phillips 66 said on Monday it would sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 million, setting the U.S. …

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Phillips 66 Optimizes Portfolio With $865M Pipeline Sale

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Dec 19, 2024 · Phillips 66 (PSX), the Houston-based oil giant, announced plans to sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for …

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Hudson-Bergen Light Rail To Get New Operator In Major $1.5 …

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Dec 4, 2024 · Hudson-Bergen Light Rail to Get New Operator in Major $1.5 Billion NJ Transit Deal. By. Bill Hartnett - December 4, 2024. 0. Photo by Bill Hartnett/Jersey Digs. The Hudson …

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FAQs about Phillips 66 announces agreement to sell interest in Gulf Coast … Coupon?

Does Phillips 66 own Gulf Coast Express Pipeline LLC?

Phillips 66 (NYSE: PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments. ...

When will Phillips 66's pipelines be phased out of service?

Related pipelines will be phased out of service starting in 2024, a company spokesman said. Phillips 66 will close its Santa Maria Refinery in 2023 and will begin phasing its associated pipelines out of service, the company announced Wednesday. ...

Where does Phillips 66 operate pipelines?

Phillips 66 operates pipelines in Franklin, Jefferson, and St. Louis counties in Missouri. They will be undertaking a pipeline replacement project in your area soon, which will replace and relocate sections of an existing line that delivers fuel products to consumers in Missouri and Illinois. ...

What does Phillips 66 do?

The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, 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. ...

How much money has Phillips 66 raised?

The company has already raised $2.7 billion through the sale of fuel terminals, pipelines and its stake in a Swiss retail joint venture. Phillips 66's CEO, Mark Lashier, emphasized the company's dedication to portfolio optimization and rationalization of non-core assets as part of its ongoing strategy. ...