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Phillips 66 acquires Cenovus stake in WRB Refining in 1.4 billion cash deal

September 12, 2025
Phillips 66 has announced a major acquisition, purchasing Cenovus Energy's stake in WRB Refining for a hefty 1.4 billion cash deal. This move solidifies Phillips 66's position in the refining industry and signals their commitment to growth and expansion. The deal is expected to have a significant impact on the company's future performance and market position. Investors and industry experts are closely watching Phillips 66 as they navigate this exciting new phase of development.
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PSXSeptember 5, 2025Phillips 66 PSX: Valuation in Focus After LA Refinery Closure Legal Setback and Insider Activity  ~1 min.

Despite facing challenges such as a court ruling and the closure of a refinery in LA, Phillips 66 continues to show strength with a recent dividend increase....


PSXJuly 27, 2025Phillips 66 PSX Continues to Impress with Record Refining Utilization in Q2 2025  ~1 min.

During the second quarter of 2025, Phillips 66 (NYSE:PSX) reported record refining utilization, showcasing the company's commitment to excellence in the industry....


PSXJuly 8, 2025PHILLIPS 66 Stock Hits Price Target Forecast with 22.78% Profit, QuantWave's Success in Predicting Market Movements  ~1 min.

On May 5, 2025, QuantWave's forecasting system issued a signal for PHILLIPS 66 stock, predicting a long position at a price of $105.88....


PSXJuly 8, 2025PHILLIPS 66: Price Target Forecast Achieved with a 22.49% Profit  ~1 min.

QuantWave's forecast for PHILLIPS 66 on May 2, 2025, has successfully hit its price target, resulting in a profit of 22.49%. The stock was predicted to move long, with a price of $106....


PSXJuly 8, 2025PHILLIPS 66 Hits Price Target Forecast with 22.78% Profit, QuantWave's Success in Analytics Shines  ~2 min.

PHILLIPS 66, the multinational energy company, saw its stock price hitting the forecast target set by QuantWave on July 8, 2025. The forecast signal was generated on May 5, 2025, with a price of 104....


PSXJuly 8, 2025PHILLIPS 66 Stock Hits Price Target with 22.49% Profit, Meeting QuantWave Forecast  ~1 min.

PHILLIPS 66 stock has successfully reached the price target forecast set by QuantWave, resulting in a profit of 22.49%. The forecast signal was given on May 2, 2025, when the stock price stood at 105....


PSXMay 14, 2025Leading Proxy Advisory Firm ISS Recommends Phillips 66 Shareholders Vote for All Four of Elliott's Directors  ~1 min.

Leading proxy advisory firm ISS has recommended that Phillips 66 shareholders vote for all four of Elliott Management's director nominees....


PSXApril 13, 2025Veteran Energy Executive Gregory Goff Backs Elliott's Plan to Unlock Value at Phillips 66  ~2 min.

Phillips 66, one of the largest energy companies in the world, has been in the news lately due to an interesting turn of events....


PSXApril 4, 2025PHILLIPS 66 Stock Hits Forecast Price Target, Generating 13.93% Profit for QuantWave Users  ~1 min.

PHILLIPS 66 stock recently reached the forecast price target set by QuantWave, resulting in a profit of 13.93% for investors who followed the short signal....


PSXApril 4, 2025PHILLIPS 66 Stock Hits Forecast Price Target with 13.45% Profit  ~1 min.

On April 4, 2025, PHILLIPS 66 stock reached the price target as forecasted by QuantWave on January 7, 2025. The stock was predicted to move in a short direction when it was priced at 113....