• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 8-K filed by Phillips 66

    5/21/25 4:25:11 PM ET
    $PSX
    Integrated oil Companies
    Energy
    Get the next $PSX alert in real time by email
    8-K
    false 0001534701 0001534701 2025-05-21 2025-05-21
     
     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    Date of Report: May 21, 2025

    (Date of earliest event reported)

     

     

    Phillips 66

    (Exact name of registrant as specified in its charter)

     

     

     

    Delaware   001-35349   45-3779385
    (State or other jurisdiction
    of incorporation)
     

    (Commission

    File Number)

      (I.R.S. Employer
    Identification No.)

    2331 CityWest Boulevard

    Houston, Texas 77042

    (Address of principal executive offices and zip code)

    (832) 765-3010

    (Registrant’s telephone number, including area code)

    Not Applicable

    (Former name or former address, if changed since last report)

     

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading
    Symbol(s)

     

    Name of each exchange
    on which registered

    Common stock, $0.01 par value   PSX   New York Stock Exchange

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     
     


    Item 8.01

    Other Events.

    Phillips 66 issued a press release on May 21, 2025 concerning its 2025 Annual Meeting of Shareholders. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

     

    Item 9.01

    Financial Statements and Exhibits.

     

      (d)

    Exhibits.

     

    99.1    Press release of Phillips 66, dated May 21, 2025.
    104    Cover Page Interactive Data File (embedded within the Inline XBRL document).

     

    -2-


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

                Phillips 66

    Dated: May 21, 2025

        By:  

    /s/ Vanessa A. Sutherland

         

    Vanessa A. Sutherland

    Executive Vice President

     

    -3-

    Get the next $PSX alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PSX

    DatePrice TargetRatingAnalyst
    5/13/2025$114.00 → $120.00Buy
    TD Cowen
    4/28/2025$127.00 → $114.00Buy
    TD Cowen
    3/27/2025$132.00Buy → Neutral
    Goldman
    1/3/2025$143.00Peer Perform → Outperform
    Wolfe Research
    10/17/2024$156.00Buy
    BofA Securities
    9/11/2024$162.00 → $150.00Buy
    TD Cowen
    7/31/2024$155.00 → $162.00Buy
    TD Cowen
    7/18/2024Peer Perform
    Wolfe Research
    More analyst ratings

    $PSX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Hayes Gregory was granted 124 shares, increasing direct ownership by 0.60% to 20,636 units (SEC Form 4)

      4 - Phillips 66 (0001534701) (Issuer)

      5/5/25 6:00:32 PM ET
      $PSX
      Integrated oil Companies
      Energy
    • Director Hayes Gregory was granted 105 shares, increasing direct ownership by 0.51% to 20,512 units (SEC Form 4)

      4 - Phillips 66 (0001534701) (Issuer)

      4/3/25 5:49:28 PM ET
      $PSX
      Integrated oil Companies
      Energy
    • Director Hayes Gregory was granted 102 shares, increasing direct ownership by 0.50% to 20,311 units (SEC Form 4)

      4 - Phillips 66 (0001534701) (Issuer)

      3/4/25 6:00:20 PM ET
      $PSX
      Integrated oil Companies
      Energy

    $PSX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • TD Cowen reiterated coverage on Phillips 66 with a new price target

      TD Cowen reiterated coverage of Phillips 66 with a rating of Buy and set a new price target of $120.00 from $114.00 previously

      5/13/25 8:02:12 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • TD Cowen reiterated coverage on Phillips 66 with a new price target

      TD Cowen reiterated coverage of Phillips 66 with a rating of Buy and set a new price target of $114.00 from $127.00 previously

      4/28/25 8:25:38 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • Phillips 66 downgraded by Goldman with a new price target

      Goldman downgraded Phillips 66 from Buy to Neutral and set a new price target of $132.00

      3/27/25 8:09:20 AM ET
      $PSX
      Integrated oil Companies
      Energy

    $PSX
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $PSX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $PSX
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $PSX
    Financials

    Live finance-specific insights

    See more
    • Phillips 66 Updates Preliminary Results on Election of Directors

      Phillips 66 Shareholders Elect Robert W. Pease and Nigel Hearne Phillips 66 Directors as well as Sigmund L. Cornelius and Michael A. Heim Elliott Director Nominees Phillips 66 (NYSE:PSX) today updated the preliminary results for the election of directors at its annual meeting of shareholders held on May 21, 2025. Based on estimates by the company's proxy solicitor, shareholders are expected to elect two Phillips 66 nominees and two Elliott Management nominees. Based on the preliminary results, the elected Phillips 66 directors are expected to be Robert W. Pease and Nigel Hearne. The Elliott nominees expected to be elected are Sigmund L. Cornelius and Michael A. Heim. Phillips 66 nominees

      5/21/25 10:21:00 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • Elliott Announces Shareholders Vote for Change at Phillips 66

      Vote Outcome Represents Clear Mandate from Shareholders Newly Elected Directors Sigmund Cornelius and Michael Heim Will Work Constructively with Their Fellow Directors to Help Unlock the Company's Full Value-Creation Potential WEST PALM BEACH, Fla., May 21, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together make it a top five shareholder in Phillips 66 (NYSE:PSX) (the "Company" or "Phillips"), today announced that based on preliminary analysis from Elliott's proxy solicitor, two of Elliott's nominees – Sigmund Cornelius and Michael Heim – were elected to the Phillips 66 Board of Directors (the "Board") at the Company's 2025 Annual Meeting

      5/21/25 9:26:00 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • Elliott Director Nominees Send Letter to Phillips 66 Shareholders

      Independent Director Nominees Brian Coffman, Sigmund Cornelius, Michael Heim and Stacy Nieuwoudt Outline How Their Skills and Experiences Will Drive Positive Change at the Company Intend to Work Constructively with Incumbent Directors to Create Value for All Shareholders Elliott Urges Shareholders to Support Meaningful Board Change By Voting on the Gold Card for Its Four Independent Nominees WEST PALM BEACH, Fla., May 20, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together make it a top-five shareholder in Phillips 66 (NYSE:PSX) (the "Company" or "Phillips"), today issued a letter to shareholders from its four highly qualified nominees – Bri

      5/20/25 8:00:00 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by Phillips 66 (Amendment)

      SC 13G/A - Phillips 66 (0001534701) (Subject)

      2/13/24 4:56:00 PM ET
      $PSX
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by Phillips 66 (Amendment)

      SC 13G/A - Phillips 66 (0001534701) (Subject)

      1/30/24 9:06:16 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by Phillips 66 (Amendment)

      SC 13G/A - Phillips 66 (0001534701) (Subject)

      1/26/24 11:49:40 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • Pease Robert W bought $99,968 worth of Common Stock (682 units at $146.58), increasing direct ownership by 56% to 1,900 units (SEC Form 4)

      4 - Phillips 66 (0001534701) (Issuer)

      2/20/24 6:28:28 PM ET
      $PSX
      Integrated oil Companies
      Energy
    • Phillips 66 Issues Letter to Shareholders

      Highlights Key Issues on the Ballot at May 21st Annual Meeting Phillips 66 Urges Shareholders to Vote "FOR" ONLY Phillips 66's Nominees on the WHITE Proxy Card Phillips 66 (NYSE:PSX) today sent a letter to shareholders highlighting the key issues on the ballot at its Annual Meeting on May 21. The full text of the Independent Directors of the Board's letter to shareholders follows: Dear Fellow Shareholders, As the Independent Directors of the Board of Phillips 66, it is our fiduciary duty to protect the rights of all shareholders and oversee the Company to drive long-term shareholder value. As part of our focus on long-term value, we want to center your attention on three core issues t

      5/19/25 7:00:00 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • Phillips 66 Provides Statement of Critical Facts

      Provides Clarity on Important Topics where Elliott Has Sought to Mislead Investors Reiterates Strength of Company's Transformative Strategy and the Valuable Skills of Phillips 66's Board and Nominees in Contrast to Elliott's Risky, Misleading Analysis and Conflicted Nominees Phillips 66 Urges Shareholders to Vote "FOR" ONLY Phillips 66's Nominees on the WHITE Proxy Card Phillips 66 (NYSE:PSX) today provided investors with important information to make fully informed voting decisions at the Phillips 66 Annual Meeting on May 21, 2025. This overview is intended to ensure investors understand the facts on these critical topics as they assess how to cast their upcoming vote. Reliable, Long-T

      5/9/25 2:42:00 PM ET
      $PSX
      Integrated oil Companies
      Energy
    • Elliott Fails to Address Key Investor Questions

      Phillips 66 (NYSE:PSX) today responded to a May 2 letter released by Elliott Management. The Company has issued the following statement: In its letter, Elliott attempted to rebut a number of reasonable questions Phillips 66 raised in its April 24 letter to shareholders. Our letter encouraged shareholders to scrutinize the facts of this situation – namely, Elliott's expectation of director loyalty, its conflicting competitive interests, its misleading disclosures and its preference for theatrics over transparency, strong corporate governance and good-faith engagement with Phillips 66. Elliott's 5,886 word letter failed to substantively resolve the core issues we raised. Instead of addressi

      5/5/25 7:00:00 AM ET
      $PSX
      Integrated oil Companies
      Energy

    $PSX
    Leadership Updates

    Live Leadership Updates

    See more
    • Stonepeak and Energy Equation Partners to Acquire Majority Interest in JET from Phillips 66

      Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Energy Equation Partners ("EEP"), a newly formed investment firm with significant expertise in fuel retail, today announced an agreement to acquire a majority interest in JET Tankstellen Deutschland GmbH ("JET"), a leading fuel retailer in Germany and Austria, from a subsidiary of Phillips 66 (NYSE:PSX), in a transaction valuing the business at an enterprise value of approximately €2.5 billion. Phillips 66 will retain a 35% minority interest in JET as part of the transaction through a newly formed joint venture. This press release features multimedia. View the full release here: https://www.

      5/15/25 9:20:00 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • Phillips 66 Issues Statement Following Glass Lewis and ISS Reports

      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 Phillips 66 (NYSE:PSX) today announced that it strongly disagrees with the recommendations issued by Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"). "We disagree with the recommendations issued by ISS and Glass Lewis," said the Phillips 66 Independent Directors. "We remain committed to engaging with and listening to our shareholders on the issues in this campaign." The Company notes the following issues and omissions in the reports' analyses that remain critical factors for shareholders

      5/13/25 9:11:00 AM ET
      $PSX
      Integrated oil Companies
      Energy
    • Leading Proxy Advisory Firm ISS Recommends Phillips 66 Shareholders Vote for All Four of Elliott's Director Nominees

      ISS Validates Elliott's Case for Change and Recommends Nominees Brian Coffman, Sigmund Cornelius, Michael Heim and Stacy Nieuwoudt Notes Phillips 66's "Disappointing" Operating Performance, "Selective Disclosure, Unverifiable Claims About Various Operational Successes, and Ambiguous and Vague Responses to Otherwise Basic Questions" Cites the Board's "Failure" to Ensure Strong Governance and Board Oversight as Evidence of the Company's "Disconnect from Shareholders" All Three Proxy Advisory Firms – ISS, Glass Lewis and Egan-Jones – Have Now Endorsed Elliott's Case for Change at Phillips 66  WEST PALM BEACH, Fla., May 12, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), whi

      5/12/25 9:24:00 PM ET
      $PSX
      Integrated oil Companies
      Energy

    $PSX
    SEC Filings

    See more
    • SEC Form 8-K filed by Phillips 66

      8-K - Phillips 66 (0001534701) (Filer)

      5/21/25 4:25:11 PM ET
      $PSX
      Integrated oil Companies
      Energy
    • SEC Form DFAN14A filed by Phillips 66

      DFAN14A - Phillips 66 (0001534701) (Subject)

      5/20/25 5:00:27 PM ET
      $PSX
      Integrated oil Companies
      Energy
    • SEC Form DFAN14A filed by Phillips 66

      DFAN14A - Phillips 66 (0001534701) (Subject)

      5/19/25 5:18:40 PM ET
      $PSX
      Integrated oil Companies
      Energy