Deal Snapshot
Phillips 66 Ups Stake in DCP Midstream
Thursday 18 August 2022

US-based energy company Phillips 66 (NYSE: PSX) has launched a realignment of its economic and governance interests in US-based master limited partnership DCP Midstream, LP (DCP Midstream) (NYSE: DCP) and Gray Oak Pipeline, LLC through the merger of existing joint ventures owned with Enbridge Inc, the company said.

Phillips 66 increased its economic interest in DCP Midstream from 28.26% to 43.31% and will oversee and manage the joint venture's interest in DCP Midstream, including the General Partner.

Date Published: 18/08/2022