Phillips 66 held its 2025 Annual Meeting of Shareholders on May 21. During the meeting, shareholders voted for change, electing Elliott Investment Management nominees Sigmund Cornelius and Michael Heim to the Board of Directors. This outcome reflects a clear mandate from shareholders demanding meaningful change at the company. The newly elected directors are expected to work collaboratively with the incumbent directors to improve operational execution, share-price performance, and corporate governance, and to help set a strategic course to unlock the company's full value-creation potential.
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