Sunya Get smarter about energy transition
  • Home
  • Industry News
  • Newsletter
  • Podcast
  • Contact Us
Sunya
Industry News
May 22, 2025

Elliott Announces Shareholders Vote for Change at Phillips 66

Newsfeed
Elliott Announces Shareholders Vote for Change at Phillips 66

News provided by Elliott Investment Management L.P.

May 21, 2025, 09:26 ET

Vote Outcome Represents Clear Mandate from Shareholders

Newly Elected Directors Sigmund Cornelius and Michael Heim Will Work Constructively with Their Fellow Directors to Help Unlock the Company’s Full Value-Creation Potential

WEST PALM BEACH, Fla., May 21, 2025 /PRNewswire/ — Elliott Investment Management L.P. (“Elliott”), which manages funds that together make it a top five shareholder in Phillips 66 (NYSE: PSX) (the “Company” or “Phillips”), today announced that based on preliminary analysis from Elliott’s proxy solicitor, two of Elliott’s nominees – Sigmund Cornelius and Michael Heim – were elected to the Phillips 66 Board of Directors (the “Board”) at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”).

Elliott released the following statement:

“We thank our fellow shareholders, the proxy advisory firms and Phillips 66’s employees for their support throughout this campaign. Today’s vote sends a clear message: Shareholders demand meaningful change at Phillips 66. We are confident Sig and Mike will work collaboratively with the incumbent directors to improve operational execution and share-price performance, enhance corporate governance and help set a strategic course that can unlock Phillips 66’s full value-creation potential.

As one of Phillips 66’s largest investors, Elliott will continue to actively engage with the Company while holding management and the Board accountable for delivering on their commitment to improve shareholder value. We are hopeful that these words will translate into actions, and we will remain focused on helping Phillips 66 become a stronger, more valuable company for all shareholders.”

About Elliott

Elliott Investment Management L.P. (together with its affiliates, “Elliott”) managed approximately $72.7 billion of assets as of December 31, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

Media Contact:
Casey Friedman
Elliott Investment Management L.P.
(212) 478-1780
[email protected]

Investor Contact:
Bruce Goldfarb / Pat McHugh
Okapi Partners LLC
(877) 629-6357
(212) 297-0720
[email protected]

SOURCE Elliott Investment Management L.P.

TAGS: #industrynews
PREVIOUS ARTICLES
Home > Industry News
May 20, 2025

North Hudson Announces Final Closing of Production Partners V with $344 Million of Commitments

NEXT ARTICLES
Home > Industry News
May 22, 2025

Soluna to Launch First Solar-Powered Data Center with 75 MW Project

Comments are closed.
Related Post
April 24, 2024
Standard Lithium Successfully Commissions First Commercial-Scale DLE
November 26, 2024
Cyclyx to Invest in Second Cyclyx Circularity
May 6, 2025
Exterra Carbon Solutions Raises $20M Series A
September 20, 2024
Crescent Midstream Selected to Develop an Integrated

Recent Posts

  • Delfin Midstream Enters into an Agreement with Siemens Energy to Reserve Gas Turbine Manufacturing Capacity, Expects Fall Final Investment Decision for its Leading US Energy Infrastructure Project
  • Climeworks raises USD 162M to scale up technology
  • APA Corporation Releases 2025 Sustainability Publications
  • Amplify Energy Announces Sale of Non-Operated Eagle Ford Assets
  • In Line With its Business Model, TotalEnergies is Selling 50% of a Portfolio of Renewable Assets in Portugal

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023

Categories

  • Industry News
  • Newsletter
  • Podcast
Scroll To Top
© Copyright 2024 Sunya Technologies Inc.