Oil Price Information Service Says 'Phillips 66's Asset Sale May Involve Refinery Joint Ventures With Cenovus, Sources Say'
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 is reportedly considering selling its assets, which may involve refinery joint ventures with Cenovus. The potential sale could impact both companies' financials and stock performance.
October 31, 2023 | 5:50 pm
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NEUTRAL IMPACT
Cenovus could be affected by Phillips 66's potential asset sale, as it may involve their joint ventures.
Cenovus's involvement in potential joint ventures with Phillips 66 could be affected by the latter's asset sale. The impact on Cenovus will depend on the specifics of the sale and the nature of their joint ventures.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Phillips 66's potential asset sale could lead to changes in its financial structure and possibly affect its stock performance.
The potential sale of assets by Phillips 66 could lead to changes in its financial structure, which could in turn affect its stock performance. However, the exact impact will depend on the details of the sale, which are not yet known.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80