As oil companies shut down refineries, California policymakers are weighing whether the state should get into the refinery ...

Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...

The closure of the plant, which dates to 1918, reflects the struggles of a sector that’s declining along with demand for its ...

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...

Phillips 66 shares are jumping 4% in intraday trading Tuesday following a report by The Wall Street Journal that Elliott ...

PSX aims to significantly lower refining costs over the next two years, driven by the Los Angeles Refinery shutdown and ...

Elliott Investment Management has reportedly acquired a stake exceeding $2.5bn in Phillips 66 and plans to advocate for ...

More worrisome, the Phillips 66 refinery complex in Wilmington, just outside Los Angeles, plans to close down permanently by year’s end. That leaves eight major refineries in California capable ...

Activist investor Elliott Investment Management lifted its stake in energy company Phillips 66 (PSX) with over $2.5 billion ...

In a letter to Phillips 66's board, Elliott said that it believes ... and be able to concentrate more fully on its core refinery business. Chevron Phillips Chemical is a joint venture between ...