The European Commission has finalized its review of the proposed merger between Phillips 66 and Lindsey Refinery Assets, issuing a decision under Article 6(1)(b) of the Merger Regulation. This provision typically indicates that the concentration does not raise competition concerns and is therefore approved.

Companies involved in this merger, specifically Phillips 66 and Lindsey Refinery Assets, should note that this decision represents the final clearance from the EC. While the decision date is March 25, 2026, and the press communication was issued on March 26, 2026, regulated entities should ensure all post-merger integration activities align with the approved terms. No specific compliance deadline is mentioned beyond the effective date of the decision itself.