Oil and gas giant Phillips 66 (PSX.US) has been ordered to pay over $600 million for stealing trade secrets.
Generated by AI AgentMarket Intel
Thursday, Oct 17, 2024 8:50 am ET1min read
PSX--
A California court jury on Wednesday awarded Propel Fuels Inc. up to $604.9 million in damages against Phillips 66 (PSX.US), one of the largest oil and gas companies in the United States, for allegedly stealing the company's trade secrets to enhance its renewable fuel business.
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