Phillips 66 filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
$PSX
Integrated oil Companies
Energy
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Item 8.01 Other Events.
On October 14, 2024, Phillips 66 issued a press release announcing that its subsidiary, Phillips 66 Limited (“P66L”), has entered into a definitive agreement to sell its 49 percent non-operated equity interest in Coop Mineraloel AG to its Swiss joint venture partner. P66L will receive cash of 1.06 billion Swiss francs (approximately $1.24 billion) consisting of a 1 billion Swiss franc sales price (approximately $1.17 billion) and an assumed dividend of 60 million Swiss francs (approximately $70 million) for financial year 2024 to be paid at or prior to closing. The sales price is subject to adjustment based on the amount of the dividend. A copy of the press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PHILLIPS 66 | ||||||||
| By: | /s/ Vanessa Allen Sutherland | |||||||
Vanessa Allen Sutherland Executive Vice President | ||||||||
Date: October 14, 2024
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