Changeflow GovPing Government & Legislation PHILLIPS 66 / LINDSEY REFINERY ASSETS Merger No...
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PHILLIPS 66 / LINDSEY REFINERY ASSETS Merger Non-Opposition (Case M.12338)

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Summary

The European Commission issued a non-opposition decision for Case M.12338, clearing Phillips 66's acquisition of Lindsey Refinery Assets as compatible with the internal market. The decision was taken on 25 March 2026 and published in the Official Journal on 21 April 2026. The decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004.

“On 25 March 2026, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market.”

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What changed

The European Commission granted unconditional clearance to the proposed acquisition of Lindsey Refinery Assets by Phillips 66. The concentration was notified under the EU Merger Regulation and was assessed under the standard Phase I procedure. The Commission found the transaction compatible with the internal market and issued a non-opposition decision.

Energy sector companies and investors considering similar transactions should note that refinery-sector mergers may proceed through standard clearance procedures where no competition concerns arise. Transactions meeting EU Merger Regulation thresholds require mandatory notification and clearance prior to completion.

Archived snapshot

Apr 21, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

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Non-opposition to a notified concentration (Case M.12338 – PHILLIPS 66 / LINDSEY REFINERY ASSETS)

C/2026/2126

OJ C, C/2026/2333, 21.4.2026, ELI: http://data.europa.eu/eli/C/2026/2333/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2026/2333/oj

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Display Text

| | Official Journal
of the European Union | EN

C series |

| | C/2026/2333 | 21.4.2026 |
Non-opposition to a notified concentration

(Case M.12338 – PHILLIPS 66 / LINDSEY REFINERY ASSETS)

(Text with EEA relevance)

(C/2026/2333)

On 25 March 2026, the Commission decided not to oppose the above notified concentration and to declare it compatible with the internal market. This decision is based on Article 6(1)(b) of Council Regulation (EC) No 139/2004 (1). The full text of the decision is available only in English and will be made public after it is cleared of any business secrets it may contain. It will be available:

| — | in the merger section of the ‘Competition policy’ website of the Commission (https://competition-cases.ec.europa.eu/search). This website provides various facilities to help locate individual merger decisions, including company, case number, date and sectoral indexes, |

| — | in electronic form on the EUR-Lex website (http://eur-lex.europa.eu/homepage.html?locale=en) under document number 32026M12338. EUR-Lex is the online point of access to European Union law. |
(1) OJ L 24, 29.1.2004, p. 1.

ELI: http://data.europa.eu/eli/C/2026/2333/oj

ISSN 1977-091X (electronic edition)

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Named provisions

Article 6(1)(b) of Council Regulation (EC) No 139/2004

Mentioned entities

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Last updated

Classification

Agency
European Commission
Published
April 21st, 2026
Instrument
Rule
Branch
Executive
Legal weight
Binding
Stage
Final
Change scope
Minor
Document ID
C/2026/2333
Docket
M.12338

Who this affects

Applies to
Energy companies Investors
Industry sector
2111 Oil & Gas Extraction
Activity scope
Merger review Merger clearance
Geographic scope
European Union EU

Taxonomy

Primary area
Antitrust & Competition
Operational domain
Compliance
Topics
Energy Corporate Governance

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