PHILLIPS 66

17 February, 2025

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

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 ...
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16 February, 2025

Phillips 66 Reports Q4 2024 Loss Amid Declining Refining Margins but Exceeds Earnings Expectations

Phillips 66's fourth-quarter results for 2024 reveal a marked decline in profitability, reporting a net profit of just $8 million compared to $1.26 billion during the same period in 2023. This sharp d...
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15 February, 2025

Phillips 66 Reports Narrowed Loss in Q4 2024 Amid Weakened Refining Margins and Ceasing Operations at Los Angeles Refinery

Phillips 66 has reported troubling financial results for Q4 2024, marking a stark decline compared to the previous year. The company recorded a net profit of just $8 million, down dramatically from $1...
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14 February, 2025

Phillips 66 Reports Mixed Fourth-Quarter Results Amid Refining Challenges, Focuses on Midstream Growth and Shareholder Returns

Phillips 66 reported mixed results for the fourth quarter of fiscal year 2024, struggling primarily due to declining refining margins. The company incurred an adjusted loss of $0.15 per share, which, ...
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