elliott phillips 66 - Search News

Activist Elliott UPS Stake in Phillips 66

Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit to help boost its stock price.

Hosted on MSN · 4h

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 and the sale of the company's midstream business.

Investopedia · 9h

Phillips 66 Stock Jumps as Elliott Reportedly Takes More than $2.5B Stake

Phillips 66 shares are jumping 4% in intraday trading Tuesday following a report by The Wall Street Journal that Elliott Investment Management has built a more than $2.5 billion stake in the oil refiner.

Here’s Where Phillips 66 and Elliott Don’t See Eye to Eye

Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...

Energy Up as Elliott Buys Into Phillips 66, BP -- Energy Roundup

Shares of energy companies rose as one prominent Wall Street firm increased its exposure to the sector.

Elliott Turns Up the Heat: $2.5B Stake Pushes Phillips 66 Toward a Breakup

Activist investor Elliott demands major changes at Phillips 66, calling for asset sales, leadership overhaul, and higher ...

10h

Elliott discloses over $2.5B position in Phillips 66, sends letter to board

Elliott Investment Management L.P., which manages funds that together have an investment of more than $2.5B in Phillips 66 (PSX), sent a letter ...

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