Phillips 66 (PSX)
Phillips 66 Nominates Two Directors as Battle With Activist Investor Elliott Continues
Oil refiner Phillips 66 (PSX) said Wednesday it is nominating two new directors to its board, as its proxy fight with activist Elliott Investment Management continues.
Phillips 66 to Propose New Board Members Amid Elliott Battle
The activist investor has pushed the oil refiner to sell or spin off its midstream business.
Activist Elliott Sues Phillips 66 and Board in Another Push for Seat Changes
Activist investor Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four board seats be up for election at the oil refiner's next annual shareholder meeting.
Elliott sues Phillips 66 to order nomination of four board members
Elliott Investment Management said on Tuesday it had filed a lawsuit in the Court of Chancery of the State of Delaware against refiner Phillips 66 and its Board of Directors, seeking an order that would require four board seats to be up for election at Phillips' 2025 Annual Meeting of Shareholders.
Phillips 66 (PSX) Ascends But Remains Behind Market: Some Facts to Note
In the closing of the recent trading day, Phillips 66 (PSX) stood at $126.47, denoting a +0.78% change from the preceding trading day.
Is Phillips 66 Stock a Buy? Analysts Weigh In.
Explore the exciting world of Phillips 66 (PSX -0.21%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
Phillips 66 Confirms Los Angeles Refinery Shutdown by October
PSX to shut its LA refinery by October, raising concerns about fuel supply and price spikes in California amid strong seasonal demand and refinery maintenance.
Phillips 66 (PSX) Piper Sandler 25th Annual Energy Conference (Transcript)
Phillips 66 (NYSE:PSX ) Piper Sandler 25th Annual Energy Conference March 18, 2025 1:50 PM ET Company Participants Mark Lashier - Chairman & CEO Conference Call Participants Ryan Todd - Piper Sandler Ryan Todd Alright. Everybody, we're going to continue on with the program.
Phillips 66 (PSX) Laps the Stock Market: Here's Why
Phillips 66 (PSX) reachead $129.19 at the closing of the latest trading day, reflecting a +1.94% change compared to its last close.
Exclusive: Elliott nominates 7 directors at Phillips 66, ratchets up pressure
Elliott Investment Management nominated seven directors to Phillips 66's board, laying the groundwork to push for changes that include spinning off or selling its midstream business, two people familiar with the matter said.
Phillips 66: Ignore Elliott Management
Phillips 66 has seen strong pressure from Elliott Management, which has become a top 5 shareholder advocating for a breakup. The company has an impressive and growing dividend yield along with a commitment to share repurchases. The midstream business helps to protect the company from volatility while providing strong shareholder returns, making it a valuable investment.
Phillips 66 Secures Lease on New Floating Storage in Singapore
PSX has leased a new floating storage vessel in Singapore, expanding its fuel oil capacity in one of Asia's key bunkering hubs. The move strengthens its trading flexibility in the region.
