Shares of Phillips 66 (PSX) climbed Wednesday afternoon after activist investment firm Elliott Investment Management announced a $1 billion stake in the energy company. Along with the major equity inv
In a clear demonstration of the risks associated with lackluster performance as a publicly traded enterprise, Phillips 66 (NYSE: PSX ) is incurring the scrutiny of Paul Singer, founder of Elliott Mana
Phillips 66 (NYSE: PSX) opened about 3.0% up on Wednesday after Elliott Investment Management revealed a sizable stake in the crude refining company. Elliott is pushing for board seats at Phillips 66
Elliott Investment Management wants two new Phillips 66 directors, and other improvements. Shares could soar to $200, says Elliott.
CNBC's David Faber joins 'Squawk Box' with the latest news.
Phillips 66's stock PSX rose 6% in premarket trade Wednesday, after Elliott Investment Management LP said it has accrued a roughly $1 billion investment in the energy company and sees potential upside
At first glance, acquiring energy stocks – specifically of the hydrocarbon variety – might not seem sensible. After all, as the adage that's beaten over our heads states, electric vehicles are the
Big energy like Chevron Corp. NYSE: CVX and Exxon Mobil Corp. NYSE: XOM are trading well below their highs, while certain sub-industries within the energy sector are performing well.
Phillips 66 (PSX) focuses more on businesses like midstream, renewables and chemicals. This is making the company?
While it's always important to consider passive-income providers, they often lack an underlying growth impetus, which subsequently makes the concept of high-yield dividend growth stocks so compelling.
Phillips 66 offers investors a unique opportunity to play the energy sector through well-diversified refining and chemicals exposure. The company has consistently outperformed its energy peers and has
With oil prices dipping below the $80 mark this month, it's plausible to think that the energy stock rally has hit its peak. Yet, this could be a premature assumption.
Phillips 66 (NYSE:PSX ) Bank of America Energy Conference Conference Call November 14, 2023 4:00 PM ET Company Participants Timothy Roberts - EVP, Midstream & Chemicals Jeffrey Dietert - VP, IR Richar
At first glance, the idea of oil stocks for a recession might seem counterintuitive. True, the world still runs on hydrocarbons, irrespective of what electric-vehicle evangelists say.
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