Phillips 66 upgraded by Wolfe Research with a new price target

Phillips 66 (NYSE:PSX) today announced that it has filed its preliminary proxy materials with the U.S. Securities and Exchange Commission in connection with its upcoming 2025 Annual Meeting of Shareholders. In today's filing, the Phillips 66 Board of Directors: Announces the nomination of two new candidates bringing critical financial and operational capabilities to the Board: A. Nigel Hearne, a 35-year veteran of the energy industry with direct refining operations leadership, bringing deep downstream and integration expertise; and Howard I. Ungerleider, a highly strategic former President and Chief Financial Officer with extensive chemicals experience. Nominates John E. Lowe and Rober

Seeks an Order Requiring That Four Board Seats Be Up for Election at Phillips' 2025 Annual Meeting Asserts Company Has Demonstrated a Pattern of Gamesmanship and Poor Corporate Governance Requests Expedited Proceedings in Delaware Chancery Court  WEST PALM BEACH, Fla., March 25, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment of more than $2.5 billion in Phillips 66 (NYSE:PSX) (the "Company" or "Phillips"), today filed a lawsuit in the Court of Chancery of the State of Delaware (the "Court") against the Company and its Board of Directors (the "Board").

Confirms Elliott Investment Management's Nomination of Director Candidates Phillips 66 (NYSE:PSX) (the "Company") today issued the following letter to its shareholders. The Company values shareholder feedback and is fully committed to continuing open engagement with all shareholders. This has been consistently demonstrated and expressed over the course of nearly two dozen meetings with Elliott Investment Management ("Elliott") since October 2023, including the most recent meeting on March 3, 2025. The Company also confirmed Elliott has nominated seven directors for election to Phillips 66's Board of Directors (the "Board") at the Company's 2025 Annual Meeting. As the Company disclosed on

Wolfe Research upgraded Phillips 66 from Peer Perform to Outperform and set a new price target of $143.00

BofA Securities resumed coverage of Phillips 66 with a rating of Buy and set a new price target of $156.00

TD Cowen reiterated coverage of Phillips 66 with a rating of Buy and set a new price target of $150.00 from $162.00 previously

4 - Phillips 66 (0001534701) (Issuer)

4 - Phillips 66 (0001534701) (Issuer)

4 - Phillips 66 (0001534701) (Issuer)

4 - Phillips 66 (0001534701) (Issuer)

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DEFA14A - Phillips 66 (0001534701) (Filer)

Phillips 66 (NYSE:PSX) today announced that it has filed its preliminary proxy materials with the U.S. Securities and Exchange Commission in connection with its upcoming 2025 Annual Meeting of Shareholders. In today's filing, the Phillips 66 Board of Directors: Announces the nomination of two new candidates bringing critical financial and operational capabilities to the Board: A. Nigel Hearne, a 35-year veteran of the energy industry with direct refining operations leadership, bringing deep downstream and integration expertise; and Howard I. Ungerleider, a highly strategic former President and Chief Financial Officer with extensive chemicals experience. Nominates John E. Lowe and Rober

The board of directors of Phillips 66 (NYSE:PSX) has appointed Grace Puma Whiteford to serve on the company's board, effective Oct. 10. She will serve on the Human Resources and Compensation Committee and the Public Policy and Sustainability Committee of the board. "Phillips 66 is pleased to welcome Grace to the board of directors as a highly qualified independent director. We will benefit from her broad experience in operations, procurement, and safety as well as her leadership and perspectives," said Mark Lashier, chairman and CEO. Puma Whiteford currently serves on the boards of Target Corporation and Organon & Co. and previously served on the board of Williams-Sonoma, Inc. Puma Whitef

Collaboration Aims to Fuel the Next Generation of Big 12 Athletes through Safer Sports Access KANSAS CITY, Mo., April 2, 2024 /PRNewswire/ -- Phillips 66® is proud to announce that they will be contributing $100,000 towards revamping the basketball courts in the Parade Park community in Kansas City, Mo. This year's Big 12 Basketball Tournament marked the 36th consecutive year Phillips 66® has served as a tournament partner and the 15th consecutive year the tournament has been held in Kansas City, with the Big 12 recently announcing the tournament will be held in Kansas City through 2031. The Parade Park project marks an elevated brand commitment to the local community and to accessibility to

Confirms Elliott Investment Management's Nomination of Director Candidates Phillips 66 (NYSE:PSX) (the "Company") today issued the following letter to its shareholders. The Company values shareholder feedback and is fully committed to continuing open engagement with all shareholders. This has been consistently demonstrated and expressed over the course of nearly two dozen meetings with Elliott Investment Management ("Elliott") since October 2023, including the most recent meeting on March 3, 2025. The Company also confirmed Elliott has nominated seven directors for election to Phillips 66's Board of Directors (the "Board") at the Company's 2025 Annual Meeting. As the Company disclosed on

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock. The dividend is payable on March 5, 2025, to shareholders of record as of the close of business on Feb. 24, 2025. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while

BOSTON, Feb. 3, 2025 /PRNewswire/ -- ArcLight Capital Partners, LLC and affiliates (collectively, "ArcLight") announced today that it has completed the acquisition of a 25% equity interest in Gulf Coast Express Pipeline LLC ("GCX") for $865 million from an affiliate of Phillips 66 (NYSE:PSX).  Going forward, GCX will be jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE:KMI) and affiliates of ArcLight. GCX will continue to be operated by a subsidiary of KMI. GCX is a premier, 500-mile natural gas pipeline with approximately 2 Bcf/d of capacity that is underpinned by a high-quality array of shippers under long-term committed contracts. GCX provides critical residue gas takeaway servic

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