Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 billion in U.S. refiner Phillips 66, and ...

Activist Elliott Investment Management had a clear roadmap for refining giant Phillips 66 when it took its first $1 billion stake in the company in late 2023. The company, though, has ...

Phillips 66 (PSX) investor Elliott Investment Management urged the oil refiner on Tuesday to spin off or sell its midstream business, which it said could command a valuation of more than $40 billion.

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

ArcelorMittal Considers Moving Support Activities to India to Cut Costs The Luxembourg-based steelmaker said that it discussed the proposal at a meeting with its European works council, a body ...

Elliott Investment Management is at it again, this time sinking its teeth into U.S. refiner Phillips 66 with a $2.5 billion stake and a laundry list of demands.

U.S. stocks started lower on Tuesday as investors await Fed Chair Powell's remarks about the economy, tariffs, inflation and more.

U.S. equities were mixed and little changed as Fed Chair Jerome Powell didn't make any significant headlines as he gave the ...

Elliott Investment Management said on Tuesday it has built a stake of more than $2.5 B in U.S. refiner Phillips 66 and plans to push for operational changes and the sale of the company's midstream ...

Fourth-quarter earnings and revenue at the beverage giant top Wall Street expectations. The devastating wildfires that struck southern California in January could cost the insurance industry overall ...

Shares of BP (BP) and Phillips 66 (PSX) are moving in opposite directions today, amid earnings and investment news ...

The government of Trinidad and Tobago and Woodside Energy have reached an initial agreement on the commercial terms for ...