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 as well as the sale of the company'
PSX aims to significantly lower refining costs over the next two years, driven by the Los Angeles Refinery shutdown and strategic efficiency improvements.
Highlights Need to Streamline Portfolio, Improve Operating Performance and Enhance Oversight Discloses a More Than $2.5 Billion Position Full Letter and Presentation Available at Streamline66.com WEST
CNBC's Andrew Ross Sorkin reports on the latest news.
Refiner Phillips 66 is the latest target of activist investor Elliott Management that is aggressively pursuing companies in the energy space.
Activist Elliott Investment Management has built an over $2.5 billion stake in Phillips 66 and plans to push the oil refiner to consider operational changes to boost its stock price, the Wall Street J
I believe we're at a turning point for cyclical stocks, with improving indicators and global growth signaling potential outperformance in industrials, energy, and transportation. I'm positioning my po
Dublin, Feb. 04, 2025 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: Phillips 66 2024" report has been added to ResearchAndMarkets.com's offering.
The headline numbers for Phillips 66 (PSX) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street es
BOSTON , Feb. 3, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a 25% equity interest in Gulf Co
Phillips 66. (NYSE:PSX ) Q4 2024 Earnings Conference Call January 31, 2025 12:00 PM ET Company Participants Jeff Dietert - VP, IR Mark Lashier - Chairman & CEO Kevin Mitchell - CFO Don Baldridge - EVP
PSX Q4 earnings and revenues decline year over year due to lower contributions from its Refining and Chemical segment.

Phillips 66: Q4 Loss Worse Than Forecast

11:30am, Friday, 31'st Jan 2025
Phillips 66 (PSX -1.07%), an energy company with a focus on the refining, midstream, and chemical sectors, released its fourth-quarter earnings results on Jan. 31. The company reported an adjusted los
Phillips 66 (PSX) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $3.09 per share a year ago.
Refiner Phillips 66 reported a smaller-than-expected loss on Friday.
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