Update: Phillips 66 Faces Pressure From Elliott as Activist Builds Over $2.5 Billion Stake

MT Newswires Live

2025/02/12

(Updates with a response from Phillips 66 in the last two paragraphs and attribution to a statement from Elliot Investment Management)

Phillips 66 (PSX) is facing pressure from Elliott Investment Management to sell or spin off its midstream business as the activist investor has built up a stake worth more than $2.5 billion in the oil refining company, the activist investor said Tuesday.

Elliott said in a letter to Phillips that it seeks to simplify the company and to make changes on the board.

Elliott, overseen by billionaire investor Paul Singer, has argued that Phillips 66 could increase shareholder value by focusing more on refining.

Phillips 66 said in a statement that the company is "on the right path and we are realizing our vision of being the leading integrated downstream energy provider. "

It added, "As we continue to execute our strategy, we continue to welcome constructive dialogue with Elliott and all of our shareholders."

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2510234103"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2510234103\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2510234103?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-12 17:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2510234103","market":"fut","top_or_hot":-1,"title":"Update: Phillips 66 Faces Pressure From Elliott as Activist Builds Over $2.5 Billion Stake","media":"MT Newswires Live","content":"<html><body><p> (Updates with a response from <a href=\"https://laohu8.com/S/PSX\">Phillips 66</a> in the last two paragraphs and attribution to a statement from Elliot Investment Management)</p><p>Phillips 66 (PSX) is facing pressure from Elliott Investment Management to sell or spin off its midstream business as the activist investor has built up a stake worth more than $2.5 billion in the oil refining company, the activist investor said Tuesday.</p><p>Elliott said in a letter to Phillips that it seeks to simplify the company and to make changes on the board.</p><p>Elliott, overseen by billionaire investor Paul Singer, has argued that Phillips 66 could increase shareholder value by focusing more on refining.</p><p>Phillips 66 said in a statement that the company is \"on the right path and we are realizing our vision of being the leading integrated downstream energy provider. \"</p><p>It added, \"As we continue to execute our strategy, we continue to welcome constructive dialogue with Elliott and all of our shareholders.\"</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Update: Phillips 66 Faces Pressure From Elliott as Activist Builds Over $2.5 Billion Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpdate: Phillips 66 Faces Pressure From Elliott as Activist Builds Over $2.5 Billion Stake\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time smaller\">2025-02-12 17:26</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html><body><p> (Updates with a response from <a href=\"https://laohu8.com/S/PSX\">Phillips 66</a> in the last two paragraphs and attribution to a statement from Elliot Investment Management)</p><p>Phillips 66 (PSX) is facing pressure from Elliott Investment Management to sell or spin off its midstream business as the activist investor has built up a stake worth more than $2.5 billion in the oil refining company, the activist investor said Tuesday.</p><p>Elliott said in a letter to Phillips that it seeks to simplify the company and to make changes on the board.</p><p>Elliott, overseen by billionaire investor Paul Singer, has argued that Phillips 66 could increase shareholder value by focusing more on refining.</p><p>Phillips 66 said in a statement that the company is \"on the right path and we are realizing our vision of being the leading integrated downstream energy provider. \"</p><p>It added, \"As we continue to execute our strategy, we continue to welcome constructive dialogue with Elliott and all of our shareholders.\"</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0300736492.USD","symbol_name":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2510234103","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510234103","pubTimestamp":1739352402,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Phillips 66  is facing pressure from Elliott Investment Management to sell or spin off its midstream business as the activist investor has built up a stake worth more than $2.5 billion in the oil refining company, the activist investor said Tuesday.Elliott said in a letter to Phillips that it seeks to simplify the company and to make changes on the board.Elliott, overseen by billionaire investor Paul Singer, has argued that Phillips 66 could increase shareholder value by focusing more on refining.Phillips 66 said in a statement that the company is \"on the right path and we are realizing our vision of being the leading integrated downstream energy provider. \"It added, \"As we continue to execute our strategy, we continue to welcome constructive dialogue with Elliott and all of our shareholders.\"","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","BK4588":"碎股","PSX":"Phillips 66","BK4138":"石油与天然气的炼制和营销","BK4585":"ETF&股票定投概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC"},"translate_title":"更新：随着激进分子增持超过25亿美元的股份，Phillips 66面临来自Elliott的压力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSX":1},"content_text":"(Updates with a response from Phillips 66 in the last two paragraphs and attribution to a statement from Elliot Investment Management)Phillips 66 (PSX) is facing pressure from Elliott Investment Management to sell or spin off its midstream business as the activist investor has built up a stake worth more than $2.5 billion in the oil refining company, the activist investor said Tuesday.Elliott said in a letter to Phillips that it seeks to simplify the company and to make changes on the board.Elliott, overseen by billionaire investor Paul Singer, has argued that Phillips 66 could increase shareholder value by focusing more on refining.Phillips 66 said in a statement that the company is \"on the right path and we are realizing our vision of being the leading integrated downstream energy provider. \"It added, \"As we continue to execute our strategy, we continue to welcome constructive dialogue with Elliott and all of our shareholders.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}