The contest pits one of the energy sector’s most storied players, which started 108 years ago as the Phillips Petroleum Co., ...

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Activist investor Elliott Investment Management disclosed the names of its four nominees to join Phillips 66’ board of directors, in a move that comes shortly after it sued the oil refiner and its ...

Activist investor Elliott Investment Management sued 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.

One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction ...

Phillips 66 is urging shareholders to vote against what it sees as activist investor Elliott Investment Management’s ...

Energy major defends transformation under CEO Mark Lashier and warns Elliott's proposals risk long-term value destruction ...

Elliott Investment Management, which manages funds that together are a top-five shareholder in Phillips 66 (PSX), released findings from a ...

In a letter to shareholders, Phillips 66--which operates 11 refineries in the U.S. and Europe--said it aims to decrease its refining adjusted controllable costs to $5.50/bbl by 2027, which would mark ...

Elliott seeks rapid, irreversible change in pursuit of an unrealistic thesis – and risks halting the momentum on our long-term value-creating strategic plan'.

Demonstrates Elliott’s Thesis is Based on Flawed Assumptions and Changes Would be Destructive to Long-Term Shareholder Value Urges Shareholders to Vote “FOR” ONLY Phillips 66’s Nominees on ...

Image by Korakrich Suntornnites via iStock Phillips 66 has filed a definitive proxy statement and fielded its own set of board director nominees for election, gearing up for a proxy fight against ...