Phillips 66 (PSX) Explores Asset Sale, CEO Upbeat on Future

Phillips 66 (PSX) , a prominent U.S. refiner and petrochemical manufacturer, is actively engaged in discussions regarding the sale of its non-core assets.The announcement came during an energy conference, wherein chief executive Mark Lashier highlighted the company’s plan to monetize $3 billion in non-core assets in 2024, as part of a strategy to enhance returns by cutting costs and divesting non-essential holdings.While the company has set a goal to monetize these assets this year, there is no fixed timeli ...