Published 2 years ago

Phillips 66 offers to buy pipeline operator DCP Midstream

Summary by Ground News

A deal would mark the first major move by Mark Lashier, who took over as the chief executive officer of Phillips 66 last month. Enbridge, which owned 50% of DCP's general partner, said it would reduce its stake in the company to 13.2% from 28.3%.

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Oil & Gas 360

Phillips 66 offers to buy pipeline operator DCP Midstream

NasdaqHOUSTON – U.S. refiner Phillips 66 PSX.N on Wednesday offered to acquire the public units of DCP Midstream DCP.N in a deal that would value the pipeline operator at $7.2 billion deal and bulk up Phillip’s natural gas liquids …The post Phillips 66 offers to buy pipeline operator DCP Midstream appeared first on Oil & Gas 360.

2 years ago·Denver, United States

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Phillips 66 offers to buy pipeline operator DCP Midstream

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Phillips 66 offers to buy pipeline operator DCP Midstream

Phillips 66 offers to buy pipeline operator DCP Midstream

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