PHILLIPS 66 (PSX) Stock News
NYSE:PSX - New York Stock Exchange, Inc. - US7185461040 - Common Stock - Currency: USD
PSX Latest News, Press Relases and Analysis
What's going on in today's session: S&P500 movers
Stay updated with the movements of the S&P500 index one hour before the close of the markets on Monday. Discover which stocks are leading as top gainers and losers in today's session.
Top S&P500 movers in Tuesday's session
Get insights into the S&P500 index performance on Tuesday. Explore the top gainers and losers within the S&P500 index in today's session.
50 Huge Companies That You’ve Never Heard of Before and Their Stock Prices
You may think you know all of the wealthiest multinational companies, from Walmart to Apple to Amazon. But you might be surprised at how many companies with tens of billions in annual revenue you've...
Here's Why Retain Strategy is Apt for Valero Energy Stock Now
VLO's steady payouts, $4.6 billion cash, and low debt support it amid weak margins and crude price volatility.
Phillips 66 (PSX) to Start Laying Off Los Angeles Refinery Workers in December, says report
Phillips 66 (NYSE:PSX) is likely to lay off most workers at its Los Angeles refinery in December, reported Reuters on Thursday, citing sources familiar with the matter. In October last year, the company announced plans to cease operations at the facility during the fourth quarter of 2025, with Chairman and CEO Mark Lashier citing ‘market […]
Jim Cramer on Micron Technology (MU): “There is a Trade Here, Not an Investment”
We recently published a list of Jim Cramer Discussed These 9 Stocks Recently. In this article, we are going to take a look at where Micron Technology, Inc. (NASDAQ:MU) stands against other stocks that Jim Cramer discussed recently A caller mentioned that Micron Technology, Inc. (NASDAQ:MU) is getting “a bit toppy” and asked what Cramer […]
CSX Corporation. (CSX) Sees Growth as 600+ New Projects Ride Domestic Manufacturing Wave
As U.S. manufacturing ramps up under new government incentives, CSX Corporation. (NASDAQ:CSX) is seeing a surge in industrial development. CEO Joe Hinrichs told CNBC that 37 new plants have opened along CSX’s rail network in 2024 alone, and the number of ongoing projects with companies has risen from 500 to 600. CSX Corporation. (NASDAQ:CSX) helps […]
Pitney Bowes Stock Jumps After Naming Activist Investor Hestia’s Kurt Wolf As CEO, Retail’s Bullish
Wolf would replace Lance Rosenzweig, who will retire as CEO and director to become a consultant to the company.
Mentions: PBI
Phillips 66 Stock In Spotlight After Boardroom Battle With Elliott Ends In A Tie: Retail’s Bearish
Shareholders elected former ConocoPhillips Chief Financial Officer Sigmund Cornelius and former Targa Resources executive Michael Heim among Elliott’s nominees.
BayCom Corp (BCML) Announces a Significant 33% Dividend Hike for Shareholders
On May 21, BayCom Corp (NASDAQ:BCML) declared a 33% hike in its quarterly dividend to $0.20 per share. BayCom Corp (NASDAQ:BCML), operating through its fully owned subsidiary United Business Bank, provides a wide variety of loan options—including SBA, CalCAP, FSA, and USDA-backed loans—alongside deposit products and services to businesses and their affiliates across California, Nevada, […]
Why Phillips 66 (PSX) Crashed Today
We recently published a list of 10 Firms Drenched in Red Today. In this article, we are going to take a look at where Phillips 66 (NYSE:PSX) stands against other firms that are drenched in red today. Ten companies pulled back on Wednesday, booking hefty losses during the trading session, with investor sentiment weighed down […]
Stifel Initiates Atlas Energy (AESI) with Buy
It was recently reported that Stifel initiated Atlas Energy Solutions Inc. (NYSE:AESI) with a Buy rating. Let’s shed some light on the development. Atlas Energy Solutions Inc. (NYSE:AESI) is a leading provider of proppant and logistics services to the oil and gas industry within the Permian Basin of West Texas and New Mexico. On May […]
China’s GPRIMG Enters Long-Term LNG Supply Agreement with ConocoPhillips
China’s Guangdong Pearl River Investment Management Group (GPRIMG) made headlines at the 29th World Gas Conference in Beijing with the announcement of its first long-term LNG purchase agreement, struck with U.S. energy major ConocoPhillips (NYSE:COP). The deal was signed on May 20 and disclosed through GPRIMG’s official WeChat account. It marks a significant step in the […]
Phillips 66 and Elliott’s contentious proxy battle ends in split vote over fight to break up energy giant
Activist Elliott Investment Management successfully gained a foothold on the Phillips 66 board despite split voting results.
Jim Cramer on Home Depot (HD): “I’m Willing to Stick With It
We recently published a list of Jim Cramer Talked About These 10 Stocks Recently. In this article, we are going to take a look at where The Home Depot, Inc. (NYSE:HD) stands against other stocks that Jim Cramer discussed recently. On Tuesday, Jim Cramer, host of Mad Money, broke down the day’s market movements as […]
Elliott Set to Win Two Phillips 66 Board Seats in Proxy Fight
(Bloomberg) -- Phillips 66 shareholders are set to elect two of Elliott Investment Management’s nominees to its board, in the first ever US proxy vote for the activist investor.Most Read from BloombergCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?Chicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtNJ Transit Makes Deal With Engineers, Ending Three-Day StrikeShareholders are poised to elect Sigmund Cornelius and Michael Heim from Elliott’s four nominees, Elliott sa
Phillips 66 Stock Falls as Activist's Board Slate Yields Mixed Results
Some new board members are coming to Phillips 66. Investors may have hoped for a bigger shake-up.
Phillips 66 Updates Preliminary Results on Election of Directors
Elliott Announces Shareholders Vote for Change at Phillips 66
/PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together make it a top five shareholder in Phillips 66 (NYSE: PSX)...
Elliott Set to Win Two Phillips 66 Board Seats in Proxy Fight
Phillips 66 shareholders are set to elect two of Elliott Management’s nominees to its board, in the first ever US proxy vote for the activist investor.
Elliott wins two seats, Phillips 66 retains two seats in hotly contested board fight
The preliminary tally, confirmed by both sides, followed months of increasingly bitter finger-pointing between the two sides, with Elliott pushing for asset sales and an improvement in performance and Phillips 66 saying its strategy is working and that shareholders would benefit. By effectively splitting the vote, shareholders are signaling to Elliott and Phillips 66 that they want some change but not the kind of sweeping transformation the hedge fund was calling for, analysts said on Wednesday. Elliott was trying to have four of its nominated directors elected to the board to fill the four seats that were up for election this year.
Elliott Faces First-Ever US Proxy Vote in Phillips 66 Battle
After more than a hundred campaigns targeting US companies, Elliott Investment Management is heading into its first ever proxy vote on home ground.
Pennsylvania judge dismisses county climate lawsuit against oil majors
A judge ruled that state courts lacked the subject matter jurisdiction to settle Bucks County’s case because its stated claims are “so intertwined with emissions.”
Phillips 66 Issues Letter to Shareholders
Should You Invest in the iShares U.S. Oil & Gas Exploration & Production ETF (IEO)?
Sector ETF report for IEO
Should You Buy IonQ Stock to Ride the Quantum Computing Revolution? The Answer May Surprise You
IonQ's stock has soared along with investor enthusiasm for quantum computing. Like other hyped-up technology themes, quantum computing stocks are likely to perform poorly over the long haul. At least, that's what it looks like when we have self-driving cars, humanoid robots, and now quantum computers emerging into the limelight.
Paul Singer's $2 Billion Energy Power Play: Phillips 66, Suncor Among Elliott's Top Holdings
Paul Singer, Elliott Management's founder, made bold energy bets in Q1 of 2025, investing $2B each in Phillips 66 and Suncor Energy, while trimming exposure to broader market ETFs.
Why Phillips 66 Stock Has Been a Gusher for Investors This Week
Phillips 66 to sell 970 European retail sites for $1.6B
About 840 of the sites operate under Phillips 66’s Jet fueling brand. The deal is expected to close in the second half of 2025.
Up 9% in 2025, Is It Time to Buy This Warren Buffett Stock and Hold for 20 Years?
This small Berkshire holding has skyrocketed 13,690% since its initial public offering. The company continues to report solid revenue growth, and it possesses many favorable qualities. The shares aren’t cheap at first glance, but investors might not care given how great this business is.
Phillips 66 Partially Exits European Retail Market With $2.8 Billion Deal:
Phillips 66 reached a definitive deal to sell a 65% stake in its retail marketing business in Germany and Austria.
Phillips 66 sells Euro businesses valued at $2.8 billion ahead of Elliott proxy fight vote
Phillips 66 is making divestments ahead of its proxy fight vote as Elliott aims to break the refining giant into parts.
Phillips 66 trims portfolio with German and Austria retail sale amid Elliott pressure
Elliott, which holds a $2.5 billion stake in Phillips 66, has been pushing for major changes at the company, including the potential spin-off or sale of its midstream business, and is seeking to refresh the board to align with its strategic goals. Elliott did not immediately respond to a request on the divestment announcement.
These S&P500 stocks have an unusual volume in today's session
Let's take a closer look at the S&P500 stocks with an unusual volume in today's session on Tuesday. Stay informed about the market activity below.
Stay informed with the top movers within the S&P500 index on Tuesday.
Let's delve into the developments on the US markets in the middle of the day on Tuesday. Below, you'll find the top gainers and losers within the S&P500 index during today's session.