News

Phillips 66 and activist investor Elliott face off on a classic conglomerate quandary: Are the pieces of a huge company worth more together or broken up?
The contest pits one of the energy sector’s most storied players, which started 108 years ago as the Phillips Petroleum Co., ...
Wall Street Journal23d
Activist Elliott Sues Phillips 66 and Board in Another Push for Seat Changes
Activist investor Elliott Investment Management filed a lawsuit against Phillips 66 PSX-1.53%decrease; red down pointing triangle and its board of directors to require four board seats be up for ...
Reuters29d
Planned turnaround ongoing at Phillips 66's Wood River refinery, IIR says
NEW YORK, March 20 (Reuters) - Phillips 66's (PSX.N), opens new tab 356,500 barrel-per-day Wood River refinery is undergoing a turnaround, research company IIR Energy said on Thursday. The ...
Crude Oil Prices9d
Phillips 66 Pushes Back Against Elliott’s Breakup Plan
Phillips 66 (NYSE: PSX) has filed its definitive proxy statement ahead of its May 21 Annual Meeting and issued a strongly worded letter urging shareholders to support its current board nominees ...