Phillips 66 to buy remaining stake in WRB Refining from Cenovus in $1.4B deal

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Oil Refinery at Dusk (Tilt-Shift)

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Phillips 66 (NYSE:PSX) said Tuesday it agreed to acquire the remaining 50% ownership interest in WRB Refining from Cenovus Energy (NYSE:CVE) for $1.4B in cash.

WRB Refining is a 50/50 joint venture between Phillips 66 (NYSE:PSX) and Cenovus (

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