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Valero Energy Corp said on Wednesday it was taking a $1.1 billion pre-tax impairment related to its California refineries and ...

The contest pits one of the energy sector’s most storied players, which started 108 years ago as the Phillips Petroleum Co., ...

One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction ...

Phillips 66 is urging shareholders to vote against what it sees as activist investor Elliott Investment Management’s ...

Phillips 66 (PSX) shareholder Elliott Investment, which manages funds that together make it a top five Phillips 66 shareholder, released the ...

Elliott seeks rapid, irreversible change in pursuit of an unrealistic thesis – and risks halting the momentum on our long-term value-creating strategic plan'.

Elliott Investment Management, which manages funds that together are a top-five shareholder in Phillips 66 (PSX), released findings from a ...

Activist investor Elliott Investment Management sued Phillips 66 and its board of directors to require four board seats be up for election at the oil refiner’s next annual shareholder meeting.

The stock's fall snapped a two-day winning streak.

In a proxy filing, submitted to regulators on Thursday, Elliott is nominating four directors — including Sigmund Cornelius ...