Elliott had been pushing for four new board seats on the oil refiner’s board.

Investors may have hoped for a bigger shake-up. Shares of the oil refiner were recently down about 6%, putting them among the ...

Ten companies pulled back on Wednesday, booking hefty losses during the trading session, with investor sentiment weighed down ...

Phillips 66 reportedly has split its boardroom battle with Elliott Investment Management, with the activist investor winning two of the four seats it wanted on the refining company's board.

Phillips 66 (PSX) stock drew retail attention on Wednesday after preliminary results indicated that the company and the ...

Ten companies pulled back on Wednesday, booking hefty losses during the trading session, with investor sentiment weighed down by a flurry of government policies and dismal earnings performance in the ...

The preliminary tally, confirmed by both sides, followed months of increasingly bitter finger-pointing between the two sides, ...

Activist Elliott Investment Management successfully gained a foothold on the Phillips 66 board despite split voting results.

Phillips 66 and activist investor Elliott Investment Management each won two seats on the oil refiner's board at an annual ...