Phillips 66 (NYSE:PSX) told shareholders Monday that Elliott Investment Management should end its drive to break up the ...

Phillips 66 is arguing that Elliott Investment Management should back down from its push to break up the energy company ...

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

Elliott Investment Management has won support from a prominent Phillips 66 investor for its campaign to replace some of the oil refiner’s board members.

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 ...

Phillips 66 has strongly rejected Elliott Investment Management's proposal to break up the company, arguing that the plan is ...

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

Elliott Presses for Change at Phillips 66 In a proxy filing submitted to regulators on Thursday, Elliott nominated four directors to the board. It includes Sigmund Cornelius and Brian Coffman, both ...

After initially nominating seven potential directors to Houston-based Phillips 66’s board of directors and filing a lawsuit to ensure the company had at least four directors up for reelection ...

We believe that only by adding new independent directors can the Board deliver the accountability needed to oversee Phillips 66 management today and as the Company moves to execute on the first ...