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Phillips 66 (PSX) and Marathon Petroleum (MPC) reportedly held merger talks earlier this year in a deal that would have created a USD 180bln oil-and-gas giant, according to Semafor citing sources

StockNow breaking-news AI analysis

Phillips 66 and Marathon Petroleum reportedly held talks for a $180 billion merger earlier in 2026, potentially creating a new industry giant, while PSX pursues separate multi-billion dollar pipeline projects.

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