Phillips 66 is making divestments ahead of its proxy fight vote as Elliott aims to break the refining giant into parts.

Phillips 66 said on Thursday it will sell a 65% stake in its German and Austrian fuel retail business to a private equity-led ...

Phillips 66 agreed to divest a majority stake in its Germany and Austria retail marketing business to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak.

Stonepeak and Energy Equation Partners acquired a 65% interest in JET Tankstellen Deutschland from Phillips 66 in a ...

Phillips 66 subsidiary, Phillips 66 Continental Holding GmbH, has agreed to sell a 65% interest in its Germany and Austria retail marketing business, including JET-branded sites, to a consortium owned ...

Stonepeak and Energy Equation Partners have agreed to buy a majority stake in JET Tankstellen Deutschland from a subsidiary of Phillips 66. The transaction values JET at an enterprise value of ...

Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott ...

Phillips 66 has issued a sharp rebuttal to Elliott Management’s latest letter, accusing the activist investor of misleading ...

Proxy advisory firm Glass Lewis recommended over the weekend that Phillips 66 (NYSE:PSX) shareholders vote for three board ...

The broader market backdrop only sharpens the appeal. With investors facing persistent uncertainty around inflation, growth, ...

Phillips 66 shares have underperformed, losing about 25% over the past year, due to weak refining margins and macroeconomic ...

Phillips 66 announced that its subsidiary, Phillips 66 Continental Holding GmbH, has entered into a definitive agreement to divest a 65 percent interest in its Germany and Austria retail marketing ...