Phillips 66 fires back at Elliott over Citgo conflict of interest amid board fight [Yahoo! Finance Canada]
Phillips 66 (PSX)
Last phillips 66 earnings: 5/1 07:00 am
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Source: Yahoo! Finance Canada
The salvo from Phillips 66, which is expected to be revealed in a letter later on Monday, is the latest in a bitter spat between the firm and Elliott that is due to come to a head at Phillips 66's shareholder meeting next month. In arguing against Elliott's break-up thesis in the letter, Phillips 66 said the investment firm has a conflict of interest over the best strategy for the company due to its separate efforts to buy Citgo Petroleum. The parent company of Citgo is being sold via a court-supervised auction. Last year, Amber Energy, backed by Elliott, was initially deemed the winner of the process, before creditor challenges forced the court to backtrack and launch a new sale effort. The chief executive of Amber Energy, Gregory Goff, said on April 9 he had bought a position in Phillips 66 and backed Elliott's campaign. "This conflict is concerning because Amber Energy's executives are actively helping support Elliott's case to undermine Phillips 66's strategy," said Monda
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News
- 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
- Phillips 66 (PSX) Sells Stake in Germany-Austria Retail Business [Yahoo! Finance]Yahoo! Finance
- Phillips 66 (NYSE:PSX) had its price target raised by analysts at Wolfe Research from $158.00 to $160.00. They now have an "outperform" rating on the stock.MarketBeat
- Is Phillips 66 Stock Still Attractive After Its Strong Multi Year Price Surge? [Yahoo! Finance]Yahoo! Finance
PSX
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- 10/29/25 - Beat
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- 12/11/25 - Form 4
- 12/11/25 - Form 4
- 12/11/25 - Form 4
- PSX's page on the SEC website