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
Phillips 66 (PSX) and Marathon Petroleum (MPC) reportedly engaged in merger discussions earlier this year, aiming to create a $180 billion oil-and-gas conglomerate. Although the talks did not result in a deal, they highlight the industry's trend towards consolidation as a response to challenging …