Phillips 66 (NYSE:PSX) delivered a wider-than-expected loss for the first quarter due to lower refining margins and extensive maintenance and turnaround activities, sending its shares lower in early trade on Friday. It reported an adjusted loss per share of $0.90 for the quarter, greater than the loss per share of $0.72 expected.
Shares of Phillips 66 (PSX), under pressure from activist Elliott Investment Management, fell Friday after the energy firm posted a wider-than-expected adjusted loss.
Phillips 66 reported a bigger-than-expected first-quarter loss on Friday, as lower refining margins amid a widespread maintenance and turnaround activity across the U.S. refining sector weighed on its performance.
HOUSTON--(BUSINESS WIRE)--Phillips 66 sent a letter from the Independent Directors of the Board to the Company's shareholders and to independent proxy advisors.
Discussion Focuses on His Significant Experience at ConocoPhillips and Importance of Evaluating Opportunities to Realize Full Value of Phillips 66's Assets Visit Streamline66.com to Subscribe to the Podcast and Learn About Elliott's "Streamline 66" Campaign at Phillips 66 WEST PALM BEACH, Fla. , April 22, 2025 /PRNewswire/ -- Elliott Investment Management L.P.
HOUSTON--(BUSINESS WIRE)--Phillips 66 sent a letter to shareholders highlighting information for shareholders to make an informed voting decision at the Annual Meeting.
Register for Free
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.