NYSE:PSXOil and Gas
Elliott Opposes Phillips 66 (NYSE:PSX) Board Over Governance And Leadership Concerns
Phillips 66 (NYSE:PSX) experienced a flat price movement over the past week, declining by 1%. This movement coincided with an active period for the company, as Elliott Investment Management communicated with shareholders regarding their concerns over governance and board structure, urging support for their proposed board nominees. Despite these developments, the broader market climbed 1.8% amidst positive economic data and investor optimism, aided by strong earnings reports from major firms...