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 a significant move in the investment landscape, acquiring a $2.5 billion stake in Phillips 66 and pushing for operational changes that could enhance shareholder value. The activist investor has called for the company to divest its midstream operations, estimating that such a move could unlock...

Elliott Investment Management Acquires $2.5 Billion Stake in Phillips 66, Urges Divestiture of Midstream Unit to Boost Shareholder Value

Elliott Investment Management's $2.5 billion stake in Phillips 66 signals a bold push for operational changes aimed at unlocking over $40 billion in shareholder value. Can the company balance its integrated model with the demands for restructuring amidst declining refining margins?