Phillips 66 Says Opportunity In Market To Execute Plan Of Monetizing Non-core Assets; Have Internally Identified Assets For Sale
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 (PSX) has announced plans to monetize non-core assets, with internally identified assets ready for sale. The announcement was made during a conference call.
October 27, 2023 | 4:48 pm
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Phillips 66 plans to monetize non-core assets, which could potentially increase liquidity and improve the company's financial position.
Monetizing non-core assets can help Phillips 66 increase its liquidity and potentially improve its financial position. This could make the company more attractive to investors, potentially leading to a short-term increase in the stock price.
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