Phillips 66 (NYSE: PSX) introduced at present the completion of the beforehand introduced merger between Phillips 66 Companions (PSXP) and Phillips 66. The merger resulted in Phillips 66 buying all restricted partnership pursuits in PSXP not already owned by Phillips 66 and its associates. Partnership unitholders obtained 0.50 shares of PSX frequent inventory for every excellent PSXP frequent unit, together with most popular items that had been transformed into frequent items at a premium previous to closing.
Efficient March 9, 2022, PSXP’s frequent items will now not be publicly traded on the New York Inventory Change.
About Phillips 66
Phillips 66 is a diversified vitality manufacturing and logistics firm. With a portfolio of Midstream, Chemical substances, Refining, and Advertising and Specialties companies, the corporate processes, transports, shops and markets fuels and merchandise globally. Headquartered in Houston, the corporate has 14,000 staff dedicated to security and working excellence. Phillips 66 had $56 billion of belongings as of Dec. 31, 2021. For extra data, go to www.phillips66.com or comply with us on Twitter @Phillips66Co.
Jeff Dietert (buyers)
Shannon Holy (buyers)
Thaddeus Herrick (media)
Supply: Phillips 66