Activist Elliott has unfinished business at Phillips 66. How its plan to build value may unfold

CNBC

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Activist Elliott has unfinished business at Phillips 66. How its plan to build value may unfold

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

Bloomberg

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BP Investors Welcome Elliott as Oil Major Readies Strategy Reset

Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major because the company needs to make meaningful changes.

Volkskrant

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BP's stock price shot up on news that Elliott is coming on board. Meanwhile, oil giant Chevron is putting its own spin on Drill...

Zero Hedge

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Elliott Wants Big Asset Sales at BP After Building $4.75-Billion Stake - Nemos News Network

By Tsvetana Paraskova of OilPrice.com Elliott Management is pushing for major asset sales at BP to address the undervalued shares of the UK-based supermajor after the U.S. activist investor built a stake of nearly 5% worth about $4.75 billion (3.8 billion British pounds), the Financial Times reported on Thursday, quoting sources familiar with the matter. […]

U-S-NEWS.COM

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STOCK MARKET: Activist Elliott calls for a three-pronged approach to streamline Phillips 66 – U-S-NEWS.COM

The Phillips 66 Los Angeles Refinery Wilmington Plant stands on November 28, 2022 in Wilmington, California.  Mario Tama | Getty Images Company: Phillips 66 (PSX) Business: Phillips 66 is an energy manufacturing and logistics company. It operates through the following segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment provides crude oil and refined petroleum product transportation, terminaling an…

The New York Ledger

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Elliott Urges BP to Ditch Green Investments as it Builds 5% Stake

Elliott Management, the activist financier, has actually developed a stake of nearly 5% in BP (BP) and is pushing the oil manufacturer to desert its green financial investments, according to reports. Optimize Your Portfolio with Information Driven Insights: Utilize the power of TipRanks’ Smart Rating, a data-driven tool to assist you reveal leading carrying out stocks and make educated financial investment choices. Display your stock choices and…