Phillips 66 is a diversified energy manufacturing and logistics company committed to safely and sustainably providing essential energy products. The company's mission focuses on delivering value through operational excellence, innovation, and environmental stewardship. Phillips 66 operates across various segments, including refining, midstream, and chemicals, leveraging its extensive infrastructure and expertise to optimize supply chains and enhance energy efficiency. By investing in advanced technologies and renewable energy initiatives, Phillips 66 aims to meet the evolving energy needs of its customers while contributing to a lower-carbon future.

PHILLIPS 66

Elliott Investment Management has made headlines by acquiring a substantial stake exceeding $2.5 billion in Phillips 66, one of the major players in the oil refining sector. This move underscores the hedge fund's aim to instigate significant operational changes and enhance the company’s stock value, which they believe could be...

Elliott Investment Management Acquires $2.5 Billion Stake in Phillips 66, Urges Major Operational Overhaul and Midstream Spin-Off

Elliott Investment Management's bold $2.5 billion stake in Phillips 66 signals a push for transformative changes, including a potential midstream spin-off to unlock over $60 billion in value. Can Phillips 66 navigate these proposed shifts while addressing its recent performance challenges?