Lindsey Oil Refinery Assets Acquired by Phillips 66 | Energy M&A Deal

Phillips 66 has completed the acquisition of Lindsey Oil Refinery Assets, a oilfield services business in the UK. Phillips 66 acquisitions expand downstream and refinery-related capabilities tied to the Lindsey area, supporting energy supply and operational flexibility. The Lindsey Oil Refinery Assets acquisition fits Phillips 66’s strategic acquisition strategy within energy M&A and divestiture acquisition activity. As a strategic acquisition, the divestiture acquisition was closed with an undisclosed deal size, reflecting Phillips 66’s focus on targeted portfolio moves in UK energy markets.