Phillips 66's Asset Sale May Involve Refinery JVs with Cenovus -- OPIS
October 31, 2023 at 02:01 pm EDT
Phillips 66 Co. last week said it hopes to raise $3 billion through the sale of non-core assets. And while company officials wouldn't identify which assets they may look to offload, refining industry sources suggested it may offer its interests in the Wood River, Ill., and Borger, Texas, refineries to partner Cenovus Energy.
The facilities are jointly owned with Cenovus and Phillips 66 has...
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