Activist Elliott Management ramps up stake in Phillips 66 to $2.5 billion
CNBC's Andrew Ross Sorkin reports on the latest news.
Elliott has reportedly increased its Phillips 66 stake. Here's its plan.
Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space.
Activist Elliott builds over $2.5 billion stake in Phillips 66, WSJ reports
Activist Elliott Investment Management has built an over $2.5 billion stake in Phillips 66 and plans to push the oil refiner to consider operational changes to boost its stock price, the Wall Street Journal reported on Monday.
Phillips 66 (PSX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Phillips 66 (PSX) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Phillips 66 (PSX) Q4 2024 Earnings Call Transcript
Phillips 66. (NYSE:PSX ) Q4 2024 Earnings Conference Call January 31, 2025 12:00 PM ET Company Participants Jeff Dietert - VP, IR Mark Lashier - Chairman & CEO Kevin Mitchell - CFO Don Baldridge - EVP, Midstream and Chemicals Rich Harbison - EVP, Refining Brian Mandell - EVP, Marketing and Commercial Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Wolfe Research Theresa Chen - Barclays Manav Gupta - UBS Jean Ann Salisbury - Bank of America Roger Read - Wells Fargo John Royall - JPMorgan Jason Gabelman - TD Cowen Matthew Blair - Tudor, Pickering, Holt Paul Cheng - Scotiabank Ryan Todd - Piper Sandler Operator Welcome to the Fourth Quarter 2024 Phillips 66 Earnings Conference Call.
Phillips 66 Q4 Loss Narrower Than Expected, Revenues Top Estimates
PSX Q4 earnings and revenues decline year over year due to lower contributions from its Refining and Chemical segment.
Phillips 66: Q4 Loss Worse Than Forecast
Phillips 66 (PSX -1.07%), an energy company with a focus on the refining, midstream, and chemical sectors, released its fourth-quarter earnings results on Jan. 31. The company reported an adjusted loss per share of $0.15, significantly missing analysts' consensus expectation for a $0.03 loss.
Phillips 66 (PSX) Reports Q4 Loss, Tops Revenue Estimates
Phillips 66 (PSX) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $3.09 per share a year ago.
Phillips 66 reports smaller-than-expected fourth quarter loss
Refiner Phillips 66 reported a smaller-than-expected loss on Friday.
Top Wall Street Forecasters Revamp Phillips 66 Price Expectations Ahead Of Q4 Earnings
Phillips 66 PSX will release its fourth-quarter financial results, before the opening bell, on Friday, Jan. 31, 2025.
What's in Store for Phillips 66 This Q4 Earnings Season?
Weaker refining margins, lower crude prices and increasing costs are likely to have adversely impacted PSX's Q4 earnings.
Phillips 66 (PSX) Declines More Than Market: Some Information for Investors
The latest trading day saw Phillips 66 (PSX) settling at $121.86, representing a -0.62% change from its previous close.
