Phillips 66 Stock News

Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December, sources familiar with the matter said on Thursday.

HOUSTON--(BUSINESS WIRE)--Phillips 66 today updated the preliminary results for the election of directors at its annual meeting of shareholders held on May 21, 2025.

Elliott had been pushing for four new board seats on the oil refiner's board.

Vote Outcome Represents Clear Mandate from Shareholders Newly Elected Directors Sigmund Cornelius and Michael Heim Will Work Constructively with Their Fellow Directors to Help Unlock the Company's Full Value-Creation Potential WEST PALM BEACH, Fla. , May 21, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

Elliott had been pushing for four new board seats on oil refiner's board.

Activist hedge fund Elliott Investment Management has won enough support from Phillips 66 shareholders to secure two board seats on the U.S. oil refiner's board of directors in one of the country's biggest corporate fights this year, a source familiar with the preliminary vote said on Wednesday.

Independent Director Nominees Brian Coffman, Sigmund Cornelius, Michael Heim and Stacy Nieuwoudt Outline How Their Skills and Experiences Will Drive Positive Change at the Company Intend to Work Constructively with Incumbent Directors to Create Value for All Shareholders Elliott Urges Shareholders to Support Meaningful Board Change By Voting on the Gold Card for Its Four Independent Nominees WE...

HOUSTON--(BUSINESS WIRE)--Phillips 66 today sent a letter to shareholders highlighting the key issues on the ballot at its Annual Meeting on May 21.