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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.

Shares in BP surged seven percent following the announcement that activist hedge fund Elliott Investment Management had taken a position in the company, though the size of the stake is currently ...

CNBC's Andrew Ross Sorkin reports on the latest news.

Activist investor Elliott Management has reported taking up a stake in the oil (CL=F, BZ=F) company. Elliott Management has also disclosed its up to $2.5 billion stake in Phillips 66 (PSX ...

NEW YORK -- 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 ...

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...

Feb 11 (Reuters) - Activist Elliott Investment Management has built an over $2.5 billion stake in U.S. oil refiner Phillips 66 (PSX.N), opens new tab and plans to push for operational changes to ...

Elliott Investment Management has built a significant stake in BP Plc, according to people familiar with the matter, as the British oil major struggles to win back investor confidence and reverse ...