Phillips 66 Sells Majority Stake in European Assets

The latest update is out from Phillips 66 ( (PSX) ).

On May 15, 2025, Phillips 66 announced that its subsidiary, Phillips 66 Continental Holding GmbH, has entered into an agreement to sell a 65% interest in its retail marketing assets in Germany and Austria to a consortium owned by Energy Equation Partners and Stonepeak. This transaction, expected to close in the second half of 2025, will allow Phillips 66 to optimize its portfolio and enhance shareholder value by monetizing non-core assets while retaining a 35% interest in the business. The deal values the retail business at approximately €2.5 billion and is expected to generate pre-tax cash proceeds of around €1.5 billion, which will be used to support strategic priorities such as debt reduction and shareholder returns.

The most recent analyst rating on (PSX) stock is a Buy with a $191.00 price target. To see the full list of analyst forecasts on Phillips 66 stock, see the PSX Stock Forecast page.

Spark’s Take on PSX Stock

According to Spark, TipRanks’ AI Analyst, PSX is a Outperform.

Phillips 66 shows stability with strong cash flow management and strategic expansions in the midstream segment. Despite challenges in profitability and a higher-than-average P/E ratio, the company’s dividend yield offers some compensation. Positive strategic moves, such as the acquisition of EPIC Y-Grade, enhance its long-term potential, but immediate financial performance remains mixed.

To see Spark’s full report on PSX stock, click here.

More about Phillips 66

Phillips 66 is a leading integrated downstream energy provider that manufactures, transports, and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has a global presence and is committed to providing energy safely and reliably while pursuing a lower-carbon future.

Average Trading Volume: 3,754,466

Technical Sentiment Signal: Buy

Current Market Cap: $51.16B

See more data about PSX stock on TipRanks’ Stock Analysis page.