Activist investor Elliott Investment Management has built a $2.5 billion stake in Houston-based energy company Phillips 66, ...

The activist investor plans to push the oil refiner to consider selling or spinning off its energy-transportation business.

Analysts have been eager to weigh in on the Energy sector with new ratings on Phillips 66 (PSX – Research Report), Sunoco (SUN – Research ...

Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 (NYSE: PSX) (the "Company" or "Phillips"), today sent a ...

Elliott Investment Management L.P., which manages funds that together have an investment of more than $2.5B in Phillips 66 (PSX), sent a letter ...

Activist investor Elliott demands major changes at Phillips 66, calling for asset sales, leadership overhaul, and higher refining targets.

We have an investment of more than $2.5 billion in Phillips 66 (the "Company" or "Phillips"), making ... path similar to the one taken by Marathon Petroleum ("Marathon") following our engagement ...

Q3 as continued market share gains drove GMV growth to 26 per cent year-over-year (highest in 3 years), with a modest 3bps ...

Saudi Aramco-owned Motiva Enterprises has expanded its Port Arthur refinery in Texas to become the largest fuel-making plant ...

PBF Energy's crack spreads need to double from Q4 levels for PBF to achieve neutral free cash flow, which seems unlikely in ...

Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...