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Elliott's Push at Phillips 66 Looks Familiar

07:30am, Monday, 04'th Dec 2023
The activist investor's suggestions for the energy company have a proven track record.

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Many activists think of themselves as amicable and constructive, but that could actually be the case in this engagement at the petroleum refiner.
Phillips 66 (NYSE:PSX) shares jumped 6% to $129.30 in late-afternoon trading on Thursday, following a nearly 4% gain the session before, after activist investment firm Elliott Investment Management an
U.S. oil refiner Phillips 66 has retained two top financial and legal advisers for its duel with activist investor Elliott Investment Management, according to a person familiar with the matter.
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?
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