elliott investment management

Elliott builds $2.5 billion stake in Phillips 66

Elliott Investment Management invests $2.5bn in Phillips 66

Elliott Investment Management has reportedly acquired a stake exceeding $2.5bn in Phillips 66 and plans to advocate for operational changes, including the sale of the company's midstream business. The news has seen Phillips 66 shares rise by 3.

The Associated Press on MSN · 3d

Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit to help boost its stock price.

Reuters on MSN · 3d

Elliott Builds $2.5 Billion Stake in Phillips 66, Pushes for Midstream Business Sale

(Reuters) - Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and plans to push for operational changes as well as the sale of the company's midstream business.

BP, Elliott Investment Management

Bloomberg L.P. · 1d

Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence

Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a standalone company, people with knowledge of the matter said.

Business Insider · 1d

Elliott demands cost cuts and divestments at BP, Bloomberg says

Elliott Investment Management is demanding BP (BP) make significant cost cuts and divestments to strengthen its future as a standalone company,

Reuters · 1d

Elliott builds BP stake of nearly 5%, pushes for big divestments, source says

Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.

Hedge fund Elliott commands attention in C-suites as relentless activist

When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge ...

Here’s Where Phillips 66 and Elliott Don’t See Eye to Eye

Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...

Elliott’s Activism Success Gives Hope for BP’s Depressed Shares

Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...

BP’s overhaul can start with a new Chair

BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...

2 more Southwest Airlines board members stepping down, finishing board overhaul by Elliott Investment Management

The Dallas-based airline is shrinking its board from 15 members to 13 as part of an agreement with activist investor Elliott ...

BP CEO Says Oil Major’s Big Reset Has Been a Year in Making

BP Plc CEO Murray Auchincloss insisted that the company’s “fundamental reset” has been in the works for a year, while ...

3don MSN

Factbox-Activist Elliott's recent holdings and campaigns

Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66, a person familiar with ...

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Elliott builds $2.5 billion stake in Phillips 66

BP, Elliott Investment Management

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