Elliott wins two Board seats at Phillips 66 (PSX), sources say

May 21, 2025 9:10 AM EDT

Elliott wins two Board seats at Phillips 66 (NYSE: PSX), sources say

  • Elliott and Phillips 66 have been locked in a dispute over potential changes, after Elliott revealed it had a $2.5 billion stake
  • Elliott has nominated 4 Board directors, and 2 have now won Board seats, according to a person familiar with the preliminary vote


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