Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December.

Phillips 66 will lay off most workers at its Los Angeles refinery in December as the facility prepares for its closure later in 2025 due to challenging market dynamics.

Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott Investment Management, amid a proxy battle between the US oil refiner ...

Analysts are estimating that Phillips 66 will report an earnings per share (EPS) of $-0.25. The announcement from Phillips 66 is eagerly anticipated, with investors seeking news of surpassing ...

April 21 (Reuters) - Activist investor Elliott Investment Management should back down from its push to break up energy company Phillips 66 because it is conflicted from a separate effort to ...

U.S. refiner Phillips 66 told shareholders on Monday that they should keep in mind that activist investor Elliott, which wants to break up one of the biggest U.S. refiners, may not necessarily act ...

April 21 (Reuters) - Activist investor Elliott Investment Management should back down from its push to break up energy company Phillips 66 (PSX.N), opens new tab because it is conflicted from a ...

Elliott Investment Management has won support from a prominent Phillips 66 investor for its campaign to replace some of the oil refiner’s board members. Gregory Goff said in a letter Wednesday ...

Phillips 66 fell 22% through Monday after Trump’s Liberation Day tariff announcements, the sharpest three-day drop for the company since 2020. The policy measures have cast a shadow over fuel demand.

Phillips 66 said it will make its own proposal for board declassification as it warned against a similar proposal by investor Elliott. Phillips 66 said Wednesday it will make its own proposal for ...