NEW YORK (AP) — Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66 ...

During its Q4 FY24 results, which missed expectations, Phillips 66 blamed weak refining margins and larger-than-expected depreciation at its Los Angeles refinery as reasons for the deterioration.

NEW YORK (AP) — Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ... fully on its core refinery business.

Elliott Builds More Than $2.5B Stake in Phillips ... on its core refinery business. Chevron Phillips Chemical is a joint venture between Chevron U.S.A. Inc. and Phillips 66 that was created ...

Depreciation and Amortization: Approximately $3.3 billion annually, including $230 million per quarter for Los Angeles refinery. Phillips 66 (NYSE:PSX) achieved its shareholder distribution target ...

a process that involves converting some existing refinery operations to support cleaner energy initiatives. Recently, Phillips 66 has concentrated on expanding its midstream operations ...

Activist investor Elliott Investment Management has built a $2.5 billion stake in Houston-based energy company Phillips 66, ...

Phillips 66's earnings fell sharply in the fourth quarter, hit by weaker refining margins and accelerated depreciation of its Los Angeles refinery, which it plans to close later this year.