Elliott Sues Phillips 66 to Put Board Nominees Up for Vote [Yahoo! Finance]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance
of Chancery order the company to require four board seats be allowed to stand for election at its annual shareholder meeting, the investment firm said in a March 25 press release. The move comes after Elliott, which holds a 5.7% stake in the company's shares underpinned by a $2.5 billion investment, squares off with PSX over the company's performance. Elliott has also urged Phillips to sell or spin off its midstream business , which the firm has said could generate at least $40 billion for shareholders. In February, Elliott initially nominated a slate of seven independent candidates for Phillips 66's board. In March, Mark E. Lashier, Phillips 66 chairman and CEO, responded in a March 4 letter to shareholders that Elliott had made a “series of attacks and proposals regarding monetization of certain business units,” despite financial improvements by the company. Elliott said the move, among others regarding the board's composition, violates the company's governing documents. Aft
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PSX
News
- Phillips 66 announces 2026 capital budget [Yahoo! Finance]Yahoo! Finance
- Phillips 66 announces 2026 capital budgetBusiness Wire
- Investors in Phillips 66 (NYSE:PSX) have seen stellar returns of 157% over the past five years [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (NYSE:PSX) had its price target raised by analysts at Mizuho from $145.00 to $150.00. They now have a "neutral" rating on the stock.MarketBeat
- Phillips 66 (PSX) Rises Higher Than Market: Key Facts [Yahoo! Finance]Yahoo! Finance
PSX
Earnings
- 10/29/25 - Beat
PSX
Sec Filings
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- PSX's page on the SEC website