PSX Stock Climbs 1.5% After Latest Retail Business Divestment

Key Takeaways Phillips 66 completed the sale of 65% of its German and Austrian retail marketing business.The transaction valued the business at $2.8B and generated $1.6B in pre-tax proceeds for PSX.Phillips 66 says the move boosts long-term value, cuts debt, and aligns with its ongoing divestment strategy.On Dec 1, 2025, Phillips 66 (PSX) completed the divestment of 65% interest in its German and Austrian fuel retail marketing business. The buyer was a consortium owned by the affiliates of Energy Equation P ...