WEST PALM BEACH, Fla., Feb. 11, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 ...

3 days ago · 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 ...

WEST PALM BEACH, Fla., Feb. 11, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66...

Nov 29, 2023 · In its letter, Elliott outlined a path by which Phillips 66 can remedy its underperformance, improve its execution, restore trust with investors and unlock significant and sustainable value...

Feb 11, 2025 · Elliott Investment Management L.P., which manages funds that together have an investment of more than $2.5B in Phillips 66 (), sent a letter to the Board of Directors of Phillips 66.In its letter ...

Feb 11, 2025 · Elliott, which has successfully pushed for changes at some of the world’s largest companies, said Phillips 66 should streamline its operations. Selling its pipeline business could “command a...

We have an investment of more than $2.5 billion in Phillips 66 (the “Company” or “Phillips”), making us one of your top five investors. As you know, this is not the first time we have publicly shared our views on Phillips’ opportunities and challenges.

Feb 11, 2025 · Elliott Investment Management disclosed a more than $2.5 billion stake in oil refiner Phillips 66 and plans to push the company to sell or spin off its pipeline business.

Nov 29, 2023 · Phillips 66 (NYSE: PSX) today issued the following statement regarding a letter from Elliott Investment Management L.P. (Elliott): The Phillips 66 Board and management team welcome the perspectives of our shareholders and value their input.

Feb 11, 2025 · 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 help boost its stock price.