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Phillips 66 Leans into Midstream Growth Despite Elliot Activism

Summary by Hart Energy
Phillips 66's grew its midstream segment so much that activist investor Elliott Management pushed to splinter the company—but the refining giant sees gold in moving NGLs.
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Hart EnergyHart Energy

Phillips 66 Leans into Midstream Growth Despite Elliot Activism

Phillips 66's grew its midstream segment so much that activist investor Elliott Management pushed to splinter the company—but the refining giant sees gold in moving NGLs.

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Hart Energy broke the news in on Tuesday, June 10, 2025.
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