Phillips 66 has unveiled an exciting new chapter by agreeing to divest its majority stake in the retail marketing business across Germany and Austria. This strategic decision is a key part of the company’s mission to refine its operations and concentrate on its core markets, paving the way for future growth and innovation.
Norway’s Equinor has made headlines by selling its stake in a Brazilian oil field for a staggering $3.5 billion! This bold decision signals a significant strategic shift in the company’s investment portfolio. With this move, Equinor is not just reshaping its future but also honing in on key assets to enhance operational efficiency.
Telefónica has divested its Argentine subsidiary for $1.25 billion, marking a significant shift in its South American strategy. This move highlights the ongoing challenges in the telecommunications market as companies realign their portfolios.
