Phillips 66 Stock News

HOUSTON--(BUSINESS WIRE)--Phillips 66 announced today the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP.

HOUSTON--(BUSINESS WIRE)--Phillips 66 executive management will host a webcast on Friday, April. 25, 2025, to discuss the company's first-quarter 2025 financial results.

Phillips 66's independent director, Bob Pease, defended the company's performance and criticized Elliott Investment Management on Friday, as a boardroom battle between the U.S. refiner and the activist investor intensified.

HOUSTON--(BUSINESS WIRE)--Phillips 66 today released a letter from Independent Director Bob Pease to the Company's shareholders.

Phillips 66 has underperformed compared to peers, with chronic issues in its Refining Segment and large investments in underperforming global pet-chem plants. Earlier this month, activist investor Elliott Management nominated seven directors to PSX's board and is lobbying to spin-off PSX's Midstream Segment to unlock shareholder value. PSX's Midstream Segment has shown strong growth and is its ...

Oil refiner Phillips 66 (PSX) said Wednesday it is nominating two new directors to its board, as its proxy fight with activist Elliott Investment Management continues.

HOUSTON--(BUSINESS WIRE)--Phillips 66 announced it has filed its preliminary proxy materials with the U.S. SEC in connection with its 2025 Annual Meeting of Shareholders.

The activist investor has pushed the oil refiner to sell or spin off its midstream business.