Oil refiner Phillips 66 plans to acquire EPIC NGL in a $2.2 billion deal.

ferynew1000@gmail.com
January 7, 2025
Business News

Spread the love

© Reuters FILE PHOTO: Phillips 66's Wilmington refinery is seen after the company said it would close a major Los Angeles-area oil refinery by the end of next year, disrupting California's oil supply, in Wilmington, California, U.S., October 17, 2024. REUTERS/Mike Blake/File photo

(Reuters) – U.S. oil refiner Phillips 66 (NYSE: ) said on Monday it will buy EPIC Y-Grade GP and EPIC Y-Grade all in cash for $2.2 billion.

The transaction is expected to be immediately recognized in earnings per share in the near term, it added.

Leave a ReplyCancel Reply

Trending now