Activist hedge fund Elliott Investment Management wants Phillips 66 (NYSE:PSX) to sell or spin-off its midstream business. However, recent comments from CEO Mark Lashier suggest he is not a fan of ...

Elliott first publicly engaged PSX in November 2023, when the firm sent a letter to the board of directors announcing its $1 billion investment in the company. Elliott criticized PSX for its ...

Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of ...

In addition to nominating the directors, Elliott has submitted a proposal to declassify Phillips 66’s board, which would put ...

Elliott Investment Management nominated seven directors to Phillips 66's board, laying the groundwork to push for changes ...

Elliott Management said Tuesday it has nominated seven directors to the Phillips 66 (NYSE:PSX) board, laying the groundwork to push for changes that include spinning off or selling its midstream ...

Elliott Investment Management, which manages funds that together have an investment of more than $2.5B in Phillips 66 (PSX), announced seven ...

Phillips 66 (PSX) issued the following letter, in part, to its shareholders …This has been consistently demonstrated and expressed over the ...

Phillips 66 (NYSE:PSX) experienced a 2.70% price increase over the last month, coinciding with several strategic moves and market developments. The company actively engaged in investor communications, ...

Business: Phillips 66 is an energy manufacturing and logistics company. It operates through the following segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The ...