Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...

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

In the newest letter, Elliott said Phillips 66 has underperformed peers Valero Energy Corp. by 138% and Marathon Petroleum Corp ... 66 into a pure-play refining company, separating or selling ...

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

Phillips 66 already has disposed of more than $3.5 billion of what it calls non-core assets, the company said in its ... also has taken on Marathon Petroleum, NRG Energy, Suncor Energy and Hess.

Phillips 66 shares have fallen more than 11% in the past year. Elliott in 2023 disclosed a $1 billion stake in the refiner, and a few months later the energy company announced the appointment of a ...

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.

Phillips 66 (NYSE:PSX – Free Report) had its price objective increased by Wells Fargo & Company from $161.00 to $162.00 in a research report report published on Monday,Benzinga reports. The brokerage ...

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 ...