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Phillips 66 Embraces Elliott's Turnaround Vision, Eyes 'Constructive Dialogue' for Major Stock Boost

Benzinga ·  11/30/2023 18:54

Phillips 66 (NYSE:PSX) said it is upbeat about the factors detailed by Elliott Investment Management that signal a significant turnaround and is looking for a "constructive dialogue" with the firm. The company said that it agrees with Elliott that successful execution of the strategic priorities will drive substantial stock price performance and believes that it has the right management team and Board in place to deliver long-term, sustainable value. "We also appreciate that Elliott recognizes the value-creation potential of the strategic priorities that we have been executing since our Investor Day in November 2022," the company said in a

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