Phillips 66 Completes Acquisition of DCP Midstream, LP Common Units
06.16.2023 By TankTerminals.com News - NEWS

June 16, 2023 [Phillips 66]- Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 billion, increasing its economic interest in DCP Midstream to 86.8%.

 

Effective with the opening of markets today, DCP Midstream’s common units will no longer be listed on the New York Stock Exchange.

About Phillips 66 and DCP Midstream

Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future.

DCP Midstream, LP is a master limited partnership with a diversified portfolio of gathering, processing, logistics and marketing assets.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

ExxonMobil Expands Chemical Production at Baytown
09.21.2023 - NEWS
September 21, 2023 [ExxonMobil]- ExxonMobil today announced the startup of two new chemical produ... Read More
Belvedere Terminals Ups its Planned Investment to $750 Million in Florida
09.21.2023 - NEWS
September 21, 2023 [Observer]-Belvedere Terminals announced Tuesday that it plans to build a tota... Read More
Oil Must Play Major Role in Global Energy Transition, Exxon, Aramco CEOs Say
09.21.2023 - NEWS
September 21, 2023 [Oil & Gas 360]- The heads of Saudi Aramco and Exxon Mobil Corp. took to t... Read More
JERA Global Markets Sells Terminal in the Port of Amsterdam to Rhenus Group
09.21.2023 - NEWS
September 21, 2023 [Port News]- JERA Global Markets Pte. Ltd. and the Rhenus Group jointly announ... Read More