Elliott Management Letter

Elliott, Phillips 66 and Board of Directors

Phillips 66 Stock Jumps as Elliott Reportedly Takes More than $2.5B Stake

Phillips 66 shares are jumping 4% in intraday trading Tuesday following a report by The Wall Street Journal that Elliott Investment Management has built a more than $2.5 billion stake in the oil refiner.

Business Insider · 4d

Elliott discloses over $2.5B position in Phillips 66, sends letter to board

Elliott Investment Management L.P., which manages funds that together have an investment of more than $2.5B in Phillips 66 (PSX), sent a letter

YAHOO!Finance · 4d

Elliott Sends Letter and Presentation to the Board of Phillips 66

Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 (NYSE: PSX) (the "Company" or "Phillips"), today sent a letter to the Board of Directors of Phillips 66.

GlobalData on MSN · 3d

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.

7hon MSN

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 and stepped up its efforts.

Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+

Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued ...

BP Promises Big Changes After Attracting An Uninvited Guest

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

Crude Oil Prices2d

Elliott Wants Big Asset Sales at BP After Building $4.75-Billion Stake

Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic ...

5don MSN

Three key changes Elliott could push BP to adopt

Elliott Management reveals a sizable stake in London-based BP plc. RBC analysts expect the activist investor to push for ...

6don MSN

Elliott Takes Stake in Struggling Oil Giant BP

The activist hedge fund is encouraging BP to consider more dramatic moves to restore the once venerable company’s fortunes.

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