Lulu Smyth Good morning from the Financial Times. Today is Monday, February 17th. And this is your FT News Briefing.

Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...

The artificial intelligence (AI) sector stayed hot, with Tempus AI (TEM), BigBear.ai (BBAI), and SoundHound AI (SOUN) in focus. In the energy sector, Phillips 66 (PSX) announced a $2.5 billion stake ...

Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...

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

Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to ...

“Elliott’s team is truly scary smart. Sometimes the emphasis is on ‘smart’ and other times it is on ‘scary’,” said Kai ...

An investor believes the Phillips 66 midstream business could be worth more than US$60 billion if sold or spun off.

The company's move is "positioning us to accelerate" cash-generation, its vice chairman tells Barron's. Oil futures posted their first loss in four sessions on Wednesday after official U.S. data ...

TD Cowen analyst Jason Gabelman raised the firm’s price target on Phillips 66 (PSX) to $132 from $128 and keeps a Buy rating on the shares. The ...