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Update: Market Chatter: Chevron Interested in Buying Phillips 66's Stake in Chemicals JV
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Update: Market Chatter: Chevron Interested in Buying Phillips 66's Stake in Chemicals JV
Feb 26, 2025 10:49 AM

01:21 PM EST, 02/26/2025 (MT Newswires) -- (Update with Phillips 66's response.)

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.

Phillips 66 declined to comment to MT Newswires, while Chevron ( CVX ) did not immediately reply.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 155.57, Change: -0.85, Percent Change: -0.55

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