Monumental stela attributed to Ptolemy VII, glorifying his rule and describing his support of Egyptian gods. The stela was written in Egyptian hieroglyphs as well as Greek.After Antiochus left (169), Euergetes agreed to joint rule with his older brother Ptolemy VI Philometor and Cleopatra II. This arrangement led to continuous intrigues, lasting until October 164, when Philometor went to Rome to gain support from the Senate, who were a little helpful, but Physcon's sole rule was not popular, and in May 163 the two brothers agreed to a partition that left Physcon in charge of Cyrenaica.

Although the arrangement lasted until Philometor's death in 145, it did not end the sparring. Physcon convinced the Senate to back his claim on Cyprus, but Philometor ignored this, and after Physcon's attempt to conquer the island failed, in 161 the Senate sent Philometor's ambassadors home. Sometime around 156/155 Philometor tried to have Physcon assassinated, but this failed, and Physcon went to Rome, displayed the scars of wounds he received in the attempt, and despite the opposition of Cato the Elder, received the Senate's support and some resources for another attempt on Cyprus. (An inscription records that Physcon had bequeathed Cyrenaica to Rome if he died childless, an act not mentioned by any literary source.)

The second attempt on Cyprus also failed, and Philometor captured Physcon, but spared him, offering him the hand of his daughter Cleopatra Thea, and sent him back to Cyrenaica.

When Philometor died on campaign in 145, Cleopatra II had her son proclaimed Ptolemy VII, but Physcon returned, proposed joint rule and marriage to Cleopatra II, his sister. He then had the unlucky youth assassinated during the wedding feast. He then took the throne as "Ptolemy VII Euergetes II", the name deliberately recalling his ancestor Ptolemy III Euergetes, and had himself proclaimed as pharaoh in 144.

Physcon took his revenge on the Jews and intellectuals of Alexandria who had opposed him, engaging in mass purges and expulsions that included Aristarchus of Samothrace and Apollodorus, leaving Alexandria a changed city.

He then seduced and married Cleopatra III (who was his wife's daughter) without divorcing Cleopatra II, who was infuriated, and by 132 or 131, the people of Alexandria rioted and set fire to the royal palace. Physcon, Cleopatra III, and their children escaped to Cyprus, while Cleopatra II had his 12-year-old son (also Physcon's son), Ptolemy Memphitis acclaimed as king. Physcon was however able to get hold of the boy and killed him, sending the dismembered pieces to Cleopatra.

The ensuing civil war pitted Cleopatra's Alexandria against the countryside, who supported Physcon. Cleopatra offered the throne of Egypt to Demetrius II Nicator, but he got no further than Pelusium, and by 127 Cleopatra left for Syria, leaving Alexandria to hold out for another year.

After further intrigues, Cleopatra II ended up back in Egypt in 124 BC, and about this time Physcon sent his second daughter by Cleopatra III, Cleopatra Tryphaena, to marry Antiochus VIII Philometor. A formal amnesty decree followed in 118 BC, but it was insufficient to improve government, and the Romans would soon be forced to intervene after his death in 116.

When he died, he left the throne to Cleopatra III and one of her sons, whichever she preferred. She would have chosen her younger son Alexander to have reigned with her. However, the Alexandrians wanted her older son Philometer Soter, governor of Cyprus, to co-reign. She reluctantly complied, with Philometer taking the name Ptolemy IX, though her younger son would rule at one point.