Phillips 66 Mergers and Acquisitions Summary

Energy Services And Equipment Company

Phillips 66 has acquired 2 companies. A total of 2 acquisitions came from private equity firms. It has also divested 3 assets.

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 1 US state. The Company’s most targeted sectors include chemicals (100%).

Join Mergr and gain access to Phillips 66’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity1
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 5
  • M&A Advisors 1

Phillips 66

Phillips 66 Co.

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

Phillips 66 is an energy and logistics company. Its midstream segment gathers, processes, transports and markets natural gas; and transports, stores, fractionates and markets natural gas liquids (NGL) in the United States. In addition, this segment transports crude oil and other feedstocks to refineries and other locations, delivers refined and specialty products to market, and provides terminaling and storage services for crude oil and petroleum products. Its chemicals segments consists of our 50 percent equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics on a worldwide basis. Its refining segment buys, sells and refines crude oil and other feedstocks at refineries in the United States and Europe. Its marketing and specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. Phillips 66 was originally formed in 1875 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 1 - - - - - 1
Sell (0.2/yr) # 2 - - - 1 - 3
vol $2.0B $2.0B
  4

Most Recent M&A

Company Date Value Type
Liberty Pipeline Project 2020-02-21 - Stake Purchase
, United States · www.liberty-pipeline.com
Malaysian Refining Co., Sdn. Bhd. 2014-11-11 635M USD Stake Purchase
Sungai Udang, Malaysia
Spectrum Corp. 2014-06-23 - Add-on Acquisition
Selmer, Tennessee · www.spectrumcorporation.com
Phillips Specialty Products, Inc. 2013-12-30 1.4B USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration - - 2 (67%) 635M (31%)
Chemicals 1 (100%) - - -
Energy Services and Equipment - - 1 (33%) 1.4B (69%)
Total 1 - 3 $2.0B

By Geo

State/Country Buy Value Sell Value
United States 1 - 2 1.4B
  Tennessee 1 - - -
Malaysia - - 1 635M
Domestic 1 (100%) - 2 (67%) 1.4B (69%)
Cross-border - - 1 (33%) 635M (31%)
Total 1 - 3 $2.0B

Top M&A Advisors

Legal Deals
Bracewell & Giuliani LLP
1

Deal Values

sell # Total
> $1B 1 $1.4B
$100M to $1B 1 $635M
TOTAL $2.0B
Largest Phillips Specialty Products, Inc.
$1.4B (2013-12-30)

M&A Connections

Deals
Acquired from
Investor(s)
100%
1 (100%)
Divested to
Strategic(s)
100%
3 (100%)

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