Elliott Seeks Phillips 66 Board Seats

Phillips 66 says Elliott submitted nomination of director candidates
Phillips 66 (PSX) disclosed earlier that on February 13, Elliott Associates submitted to the company notice of its nomination of director candidates to stand for election to the company’s board at its annual meeting of shareholders and its intent to submit a non-binding business proposal to be made at the meeting,
Activist Elliott to Seek Phillips 66 Board Seats
With a more-than-$2.5 billion stake in Phillips 66, Elliott has pushed for a streamlining of the oil refiner and seeks more representation on the company’s board.
Elliott Seeks Phillips 66 Board Seats as It Urges Asset Sale
Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66, the latest effort in a multi-year campaign pushing the company to sell assets, improve operational performance and bolster board oversight.
Elliott to seek Phillips 66 board seats as it pushes to streamline company
Phillips 66 (NYSE:PSX) +1.6% in early trading Wednesday as activist investor Elliott Management, which has built a $2.5B-plus stake in the refiner, discloses it will seek seats on the company's board.
Activist Elliott Ratchets Up Pressure on Phillips 66 With Over $2.5 Billion Stake
The activist investor plans to push the oil refiner to consider selling or spinning off its energy-transportation business.
Activist Elliott has unfinished business at Phillips 66. How its plan to build value may unfold
Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...
Phillips 66 (NYSE:PSX) Shares Sold by Blue Trust Inc.
Blue Trust Inc. decreased its position in Phillips 66 (NYSE:PSX – Free Report) by 49.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange ...
Phillips 66 leases new fuel oil floating storage vessel at Singapore storage hub
The Singapore trading arm of U.S.-based refiner Phillips 66 has recently leased a new floating storage vessel along the Singapore and Malacca Straits for storing fuel oil, market sources told Reuters.