ELLIOTT INVESTMENT MANAGEMENT DISCLOSED $1 BILLION STAKE IN PHILLIPS 66, OUTLINES VALUE CREATION OPPORTUNITY IN THE LETTER

30 November 2023

On November 29th, 2023, Elliott Investment Management L.P. published a letter addressed to Board of Directors of Phillips 66 (NYSE: PSX), disclosing an approximately $1 billion investment in Phillips 66.

The letter discusses drivers of Phillips 66’s underperformance, as well value-creation opportunity that exists, according to Elliott Investment Management, at Phillips 66.

Here you can read how to look at activist investor’s investments, understand them, and profit by following them.

Elliott’s Letter to the Board of Phillips 66

Elliott Has $1 Billion Phillips 66 Stake, Seeks Board Seats


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