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Activist Elliott calls for a three-pronged approach to streamline Phillips 66

Published on February 20, 2025
Activist investor Elliott Management has recently announced its plans to streamline operations at Phillips 66, a leading energy manufacturing and logistics company. The firm is advocating for a three-pronged approach that includes cost reduction, asset divestitures, and capital allocation optimization. With a goal of maximizing shareholder value, Elliott believes that these measures will help unlock the company's full potential and improve its financial performance. Phillips 66 has yet to respond to Elliott's proposals, but investors are eagerly watching how this plan may unfold.
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