12:06 PM EST, 02/26/2025 (MT Newswires) -- Chevron ( CVX ) is open to buying Phillips 66's (PSX) stake in a chemicals joint venture that activist investor Elliott Investment Management is pushing the oil refiner to sell, Bloomberg reported Wednesday, citing people familiar with the matter.

Chevron ( CVX ) and Phillips 66 did not immediately reply to requests for comment from MT Newswires.

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