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Elliott builds $2.5 billion stake in Phillips 66

Elliott builds more than $2.5B stake in Phillips 66, wants it to sell or spin off midstream unit

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit to help boost its stock price.

Investopedia · 3d

Phillips 66 Stock Jumps as Elliott Reportedly Takes More than $2.5B Stake

Phillips 66 shares are jumping 4% in intraday trading Tuesday following a report by The Wall Street Journal that Elliott Investment Management has built a more than $2.5 billion stake in the oil refiner.

Transport Topics · 3d

Elliott Builds More Than $2.5 Billion Stake in Phillips 66

Elliott Investment Management has built a more than $2.5 billion stake in oil refiner Phillips 66, and plans to push the company to sell or spin off its midstream business, Bloomberg reports.

Elliott Pushes Big Cost Cuts at BP to Preserve Its Independence

Elliott Investment Management is demanding BP Plc make drastic cost cuts and divestments to strengthen its future as a ...

Yardbarker11d

Chase Elliott dominates for first Clash victory at Bowman Gray

Meanwhile, Elliott extended his advantage to more than a second over Buescher just past the Lap 15 mark. Then on Lap 20, the Clash’s first caution flew when Busch, who was battling both Gragson ...

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Elliott builds $2.5 billion stake in Phillips 66

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