Institutional Shareholder Services on Monday recommended that investors back all four board nominees put forward by activist ...

Elliott, which invests $70 billion, has a strong record in the energy sector and has made successful investments at Marathon ...

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

Elliott stated: "By recommending that Phillips 66 shareholders vote for all four Elliott nominees, ISS has now fully validated Elliott's case for change – making clear that the status quo at the ...

A vote on those directors will take place at Phillips 66's annual meeting next Wednesday, May 21. On Monday, Elliott won the support of proxy advisor International Shareholder Services (ISS ...

Disagrees with ISS’ and Glass Lewis’ Recommendations which Failed to Address Critical Issues Reiterates The Strength Of Phillips 66’s Highly Qualified Board And Nominees HOUSTON--(BUSINESS ...

Phillips 66 reached a definitive deal to sell a 65% stake in its retail marketing business in Germany and Austria.

A proxy battle started by an activist investor is becoming more intense. An activist investor's battle for influence at ...

In its report, Glass Lewis said Elliott made a compelling case regarding governance and the company’s financial and operational shortcomings, suggesting that Phillips 66 (NYSE:PSX) failed to ...

HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) today announced that it strongly disagrees with the recommendations issued by Institutional Shareholder Services (“ISS”) and Glass Lewis & Co ...

Phillips 66 did not immediately respond to a request for comment. Elliott said the ISS report's recommendations "fully validate Elliott's case for change." Investors often take recommendations ...