PSX Stock Recent News

Glass Lewis Recognizes Need for Independent Perspectives in the Phillips 66 Boardroom and Recommends Support for Elliott Director Nominees Brian Coffman, Sigmund Cornelius and Michael Heim Concludes Elliott Has Presented a More Compelling Case By a "Relatively Decisive Margin" and Phillips 66's Underperformance and Poor Governance Should be of "Significant Concern" to Investors   Cites Company's "Increasingly Dubious" Commitment to Corporate Governance and "Creative Representation" of the Facts as Further Evidence That Meaningful Change is Needed in the Boardroom Details How Phillips 66's Arguments are "Disconnected from

HOUSTON--(BUSINESS WIRE)--Phillips 66 today provided investors with important information to make fully informed voting decisions at the Phillips 66 Annual Meeting on May 21.

Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic challenges. Q1 results were weak, with a $0.90 loss per share, but turnaround work should improve margins and throughput in the near term. The company is reducing debt and focusing on shareholder returns, with potential upside from asset sales and improved refining margins.

PSX Leadership Supports Poor Performance and the Status Quo  Elliott's "Streamline 66" Plan Would Create a Stronger Phillips 66 Based on Experience and Results, Not Rhetoric  Visit Streamline66.com to Download the Full Presentation WEST PALM BEACH, Fla. , May 6, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

HOUSTON--(BUSINESS WIRE)--Phillips 66 today responded to a May 2 letter released by Elliott Management.

Asserts that the Company's Current Directors Have Allowed a Culture of Complacency and Deference to Management to Take Root in the Boardroom Debunks Phillips 66's Misleading Claims    Urges Shareholders to Help Phillips 66 Unlock its Full Value-Creation Potential by Voting on the Gold Card for Elliott's Four Independent Nominees WEST PALM BEACH, Fla. , May 2, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

Episode With Mr. Heim, A Founder of Targa Resources, Features Perspectives on Phillips 66 Operations and Value-Unlocking Options for the Company's High-Quality Assets Visit Streamline66.com  to Subscribe to the Podcast and Learn About Elliott's "Streamline 66" Campaign at Phillips 66 WEST PALM BEACH, Fla.

Highlights Path to Unlocking Substantial Upside By Reversing Company's Cycle of Underperformance  "Streamline 66" Plan Would Transform Phillips 66 Through Board Enhancements, Operational Improvements and Portfolio Simplification Click Here  to Download the Full Presentation WEST PALM BEACH, Fla. , April 29, 2025 /PRNewswire/ -- Elliott Investment Management L.P.

HOUSTON--(BUSINESS WIRE)--Phillips 66 today filed an investor presentation with the U.S. SEC in connection with its upcoming Annual Meeting of Shareholders on May 21, 2025.

Phillips 66 (NYSE:PSX ) Q1 2025 Earnings Conference Call April 25, 2025 12:00 PM ET Company Participants Jeff Dietert - Vice President, Investor Relations Mark Lashier - Chairman and Chief Executive Officer Kevin Mitchell - Executive Vice President and Chief Financial Officer Brian Mandell - Executive Vice President, Marketing and Commercial Richard Harbison - Executive Vice President, Refining Don Baldridge - Executive Vice President, Midstream and Chemicals Conference Call Participants Doug Leggate - Wolfe Research John Royall - JPMorgan Roger Read - Wells Fargo Manav Gupta - UBS Neil Mehta - Goldman Sachs Theresa Chen - Barclays Jean Ann Salisbury - Bank of America Joe Laetsch - Morgan Stanley Matthew Blair - Tudor, Pickering, Holt Ryan Todd - Piper Sandler Paul Cheng - Scotiabank Operator Welcome to the First Quarter 2025 Phillips 66 Earnings Conference Call. My name is Emily, and I'll be your operator for today's call.