---
schema_version: "secwatch.filing_event.v1"
accession: "0001534701-24-000157"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2024-10-15T23:59:59+00:00"
generated_at: "2026-05-30T14:33:21.936205+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Phillips 66 agrees to sell 49% stake in Coop Mineraloel AG for ~$1.24B cash

## Summary
- Cash consideration of 1.06B Swiss francs (~$1.24B) including assumed 2024 dividend of 60M francs.
- CMA operates 324 retail sites and petrol stations across Switzerland.
- Proceeds will support strategic priorities including returns to shareholders.
- Transaction subject to approval by Swiss Competition Commission; expected close in Q1 2025.
- CEO cites progress on commitment to over $3B in divestitures.

## SEC filing metadata
- accession: 0001534701-24-000157
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2024-10-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000153470124000157/0001534701-24-000157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000153470124000157/psx-20241014.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001534701-24-000157
- JSON: https://secwatch.observer/filing/0001534701-24-000157.json
- Plain text: https://secwatch.observer/filing/0001534701-24-000157.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.