Phillips 66 (NYSE:PSX) closed +0.5% on Friday after reporting better than expected Q2 adjusted earnings and revenues, helped ...

An escalating feud. Elliott first reached out to Phillips 66 in late September 2023. They reached a deal and détente—after Elliott privately threatened to start a proxy fight with six board ...

Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses.

Elliott said it believes Phillips 66 hasn’t fulfilled its commitment to further board changes. The firm’s latest position makes Elliott one of Phillips 66’s top five investors.

NEW YORK (Reuters) -Phillips 66 and activist investor Elliott Investment Management each won two seats on the oil refiner's board at an annual shareholders meeting on Wednesday, capping one of the ...

Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position and stepped up its efforts. Skip to content ...

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the oil company to either sell or spin off its midstream unit to ...

Phillips 66, since Elliott’s campaign began in 2023, has shown little desire to become the kind of company Elliott wants. The refiner announced a $2.2 billion acquisition of natural gas pipeline ...

Phillips 66 said Elliott Investment Management should end its drive to break up the company, because the activist investor is conflicted by an effort to acquire one of the its rivals.