U.S. oil refiner Phillips 66 said on Monday it will acquire various pipelines and distribution systems from Ares-backed pipeline operator EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to ...

Phillips 66 (NYSE:PSX) said Monday it agreed to acquire long-haul natural gas liquids pipeline owner EPIC NGL LP for $2.2B in cash, in a deal to help the refiner boost its Permian Basin midstream ...

“This transaction optimizes our Permian NGL value chain, allows Phillips 66 to provide producers with comprehensive flow assurance, reaching fractionation facilities near Corpus ...

“This transaction bolsters Phillips 66’s position as a leading integrated downstream energy provider. “This transaction optimises our Permian NGL value chain, allows Phillips 66 to provide ...

Phillips 66 (NYSE:PSX) is a multinational energy company ... company to focus on one of the largest basins in the world, the Permian Basin. The company is able to expand its supply portfolio ...

U.S. oil refiner Phillips 66 said on Monday it would acquire various pipelines and distribution systems from Ares-backed EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to expand its ...

Phillips 66 has agreed to sell its 25% ownership stake ... The 500-mile pipeline system transports natural gas from the Permian Basin to South Texas. With the sale, Phillips has achieved its ...

The headlines revolved around energy biggie ExxonMobil’s XOM Q4 earnings update and downstream operator Phillips 66’s PSX purchase in the Permian Basin. Developments associated with Chevron ...

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals ...

"This transaction optimizes our Permian NGL value chain, allows Phillips 66 to provide producers with comprehensive flow assurance and is expected to deliver attractive returns in excess of our ...