U.S. crude oil inventories increased by more than expected last week in a fourth consecutive build, while product stocks declined, according to U.S. government data. Transformers used in power grids ...

Oil futures rose Wednesday, finding support on curtailed supply from Russia as traders also monitor talks aimed at ending the war in Ukraine. With a more-than-$2.5 billion stake in Phillips 66, ...

Phillips 66 (PSX) disclosed earlier that on February 13, Elliott Associates submitted to the company notice of its nomination of director ...

Phillips 66 rises as activist investor Elliott Management, which has built a $2.5B-plus stake in the refiner, discloses it ...

Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66, the latest effort in a multi-year ...

With a more-than-$2.5 billion stake in Phillips 66, Elliott has pushed for a streamlining of the oil refiner and seeks more ...

Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...

This move confirms the end of a corrective phase and the start of a new Elliott Wave sequence. The price now faces critical resistance between $0.45-$0.50, marked by the 0.5 Fibonacci extension ...

When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge ...

Pike has been involved in several campaigns with US oil companies such as Hess (NYSE:HES) and Marathon, as well as with ...

Activist investor Elliott Management has built a nearly 5% stake in BP and is pushing for major asset sales and strategic ...

(Reuters) -Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take ...