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Phillips 66 Mergers & Acquisitions

Phillips 66 M&A Summary

Phillips 66 has acquired 7 companies, including 5 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 5 assets.

Phillips 66’s largest acquisition to date was in 2023, when it acquired DCP Midstream for $3.8B. It’s largest disclosed sale occurred in 2013, when it sold Phillips Specialty Products to Berkshire Hathaway for $1.4B. Phillips 66 has acquired in 3 different US states, and 2 countries. The Company’s most targeted sectors include energy services and equipment (34%) and oil/gas exploration (34%).

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity6
    • M&A Sell Activity5
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 10

Phillips 66

Phillips 66 Co.

2331 CityWest Boulevard,
Houston, Texas 77042
United States,
(281) 293-6600
www.phillips66.com

All (11) Buy (6) Sell (5)
Date Target Value
$mlns 		Transaction Type Acquirer Seller SRC
Link
2025-05-15 JET · Oil/Gas Exploration
Hamburg, Germany · www.jet.de

JET is a fuel retailer in Germany and Austria, serving more than 700,000 customers daily with quality products at fair prices through a network of 970 service stations. Located primarily in urban and high-traffic areas, JET also operates convenience stores, car washes and a rapidly growing EV charging network. JET is based in Hamburg, Germany.

- Stake Purchase

Energy Equation Partners PE

Stonepeak PE
Advisors: Akin Gump Strauss Hauer & Feld , Hengeler Mueller , Paul, Weiss, Rifkind, Wharton & Garrison

Phillips 66


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