Activist investor says it has raised its stake in Phillips 66 to $2.5 billion, according to reports
Activist investor Elliott Investment Management has built a $2.5 billion stake in Houston-based energy company Phillips 66, ...
Energy Up as Elliott Buys Into Phillips 66, BP -- Energy Roundup
Shares of energy companies rose as one prominent Wall Street firm increased its exposure to the sector.
Activist investor Elliott wants Phillips 66 to spin off business, sell JV interest
Activist investor Elliott Investment Management LP wants Houston-based Phillips 66 (NYSE: PSX) to spin off its midstream ...
Here’s Where Phillips 66 and Elliott Don’t See Eye to Eye
Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...
Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit
Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...
Hydrocarbon Processing1d
Elliott builds $2.5-B stake in Phillips 66, pushes for midstream business sale
Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 B in U.S. refiner Phillips 66 and plans to push for operational changes and the sale of the company's midstream ...
Elliott discloses over $2.5B position in Phillips 66, sends letter to board
Elliott Investment Management L.P., which manages funds that together have an investment of more than $2.5B in Phillips 66 (PSX), sent a letter ...
BP Announces Strategy Reset to Focus on Cash Flow, Returns — Update
The British oil and gas giant's Chief Executive Murray Auchincloss said the company would continue to reshape its portfolio and has made strong progress in cutting costs. BP now plans to change its ...
Activist Elliott Ups Stake in Phillips 66 with Over $2.5B Investment
Activist investor Elliott Investment Management lifted its stake in energy company Phillips 66 (PSX) with over $2.5 billion ...
BP shares climb on prospect Elliott stake will drive change
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...
Upstream2d
BP stock price surges as activist investor Elliott builds stake in under-pressure supermajor
Analysts suggest hedge fund will want board room shake-up, E&P focus, asset sales, spin-offs and could 'smoke out' corporate ...
BP Shares Jump on Reports Activist Hedge Fund Elliott Management Builds Stake
Shares in BP rose on reports that activist hedge fund Elliott Management has built up a stake in the British energy major and will push for transformational changes to boost shareholder value.