Phillips 66 (PSX)
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.
Activist Elliott has unfinished business at Phillips 66. How its plan to build value may unfold
Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position and stepped up its efforts.
Elliott builds $2.5 billion stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66 , and plans to push for operational changes as well as the sale of the company's midstream business.
Phillips 66 Q4 Earnings Top Estimates Despite Lower Refining Margin
PSX aims to significantly lower refining costs over the next two years, driven by the Los Angeles Refinery shutdown and strategic efficiency improvements.
