Phillips 66 Sells Remaining Interesting in Coop Mineraloel Joint Venture -- Update

By MarketWatch | Oct 14, 2024 at 05:37 PM EST

Houston-based oil refiner Phillips 66 is selling its 49% stake in Coop Mineraloel to its Swiss partner for $1.24 billion. This divestment aligns with their strategy to sell $3 billion in assets. The joint venture operates 324 retail sites in Switzerland.

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