Elliott called the vote a clear mandate for change. “Today’s vote sends a clear message: Shareholders demand meaningful change at Phillips 66,” Elliott said in a prepared statement.

Phillips 66 (PSX) stock was in focus on Tuesday after Elliott Investment Management nominated seven directors to the refiner’s board. The activist investor’s nominees include John Pike, who is ...

The Phillips 66 board and leadership team has sought to engage constructively with Elliott, but Elliott’s thesis relies on market timing and commodity cycles, which are highly volatile.” ...

Elliott Management filed a lawsuit against Phillips 66, seeking an order that would require four board seats to be up for election at the annual shareholders meeting later this year.

Phillips 66, since Elliott’s campaign began in 2023, has shown little desire to become the kind of company Elliott wants. The refiner announced a $2.2 billion acquisition of natural gas pipeline ...

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.

Nominees for the Board of Directors of Phillips 66 For more information, including how to vote on Elliott's GOLD proxy card, please visit Streamline66.com. ADDITIONAL INFORMATION ...

--Elliott Investment Management L.P., which manages funds that together make it a top five shareholder in Phillips 66, today announced that based on preliminary analysis from Elliott's proxy ...

--Elliott Investment Management L.P., which manages funds that together have an investment of more than $2.5 billion in Phillips 66, today filed a lawsuit in the Court of Chancery of the State of ...

Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.