Stocks-Prognosis.com
Search on StockPrognosis.com
To search on the site stockprognosis.com enter the name of the ticker, company name, or search phrase
Sections of the site



Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for 40B

February 14, 2025
Phillips 66, a leading energy manufacturing and logistics company, is facing pressure from Elliott Management to sell or spin off its midstream business. Elliott, an activist investor with a stake of over 2.5 billion dollars, believes that separating the midstream segment could unlock significant value for shareholders. The midstream business, which includes pipelines and storage facilities, has been a reliable source of cash flow for Phillips 66. However, Elliott argues that by divesting this segment, the company can focus on its higher-margin refining and chemicals businesses. The move is expected to create a more efficient and streamlined organization, better positioned to navigate the rapidly changing energy landscape. Investors are eagerly watching the developments, and the company's stock has already experienced a significant jump. To make informed decisions about the future movement of Phillips 66's stock, professionals from Stocks Prognosis are recommended.

Find out how the PHILLIPS 66 rate is expected to change

Get Forecast for PSX

Investor opinions & comments:

I'm skeptical about the potential value unlocking from separating the midstream segment. It's important to consider the potential impact on the overall business
— from DividendDylan at 02-17-2025 10:33
I'm interested to see how this potential spin-off will impact the value of Phillips 66's stock
— from StockSally at 02-17-2025 07:05
The company's stock has already experienced a significant jump, indicating positive market reaction to the news
— from WealthyWill at 02-16-2025 22:16
I'm not sure if divesting the midstream business is the best move for Phillips 66. It has been a reliable source of cash flow for the company
— from SavingsSam at 02-16-2025 12:17
This move could make Phillips 66 a more efficient organization, enabling it to navigate the changing energy landscape more effectively
— from GrowthGiselle at 02-16-2025 06:16
The stock jump already indicates positive investor sentiment towards the news of Elliott's demands
— from ProfitPete at 02-16-2025 05:11
This move could be a game-changer for Phillips 66, unlocking new growth opportunities and creating value for shareholders
— from DividendDylan at 02-15-2025 21:19
I wonder what kind of impact Elliott's pressure will have on the company's decision regarding the midstream business
— from PennyParker at 02-15-2025 21:09
I'm not convinced that focusing solely on refining and chemicals businesses will lead to higher margins for Phillips 66
— from WealthyWyatt at 02-15-2025 19:16
I'm curious to know if other investors will support Elliott's proposal to sell or spin off the midstream segment
— from RyanKing at 02-15-2025 18:27
A potential sell-off or spin-off could lead to a more focused and agile organization, better equipped to adapt to market dynamics
— from TraderTina at 02-15-2025 08:24
Investors are likely to benefit from the potential value creation resulting from a sell-off or spin-off of the midstream business
— from LilyPerez at 02-14-2025 23:10
The potential sale or spin-off could lead to a more streamlined organization, allowing Phillips 66 to allocate resources more efficiently
— from BudgetBobby at 02-14-2025 18:17
I'm excited to see how this decision will shape the future of Phillips 66 and its stock performance
— from SofiaLong at 02-14-2025 14:29
I'm optimistic about the potential value creation for Phillips 66 shareholders through the sale or spin-off of the midstream business
— from JasonLewis at 02-14-2025 10:59
The demands from Elliott Management highlight their confidence in the potential of Phillips 66's core businesses
— from JonathanPowell at 02-14-2025 05:10
This could be a strategic move for Phillips 66 to focus on its core businesses and enhance its competitive position in the market
— from LauraAnderson at 02-14-2025 04:54
If you want to leave a comment, then you need Login or Register





Other news for PSX

PSXMay 14, 2025Leading Proxy Advisory Firm ISS Recommends Phillips 66 Shareholders Vote for All Four of Elliott's Directors  ~1 min.

Leading proxy advisory firm ISS has recommended that Phillips 66 shareholders vote for all four of Elliott Management's director nominees....

PSXApril 13, 2025Veteran Energy Executive Gregory Goff Backs Elliott's Plan to Unlock Value at Phillips 66  ~2 min.

Phillips 66, one of the largest energy companies in the world, has been in the news lately due to an interesting turn of events....

PSXApril 4, 2025PHILLIPS 66 Stock Hits Forecast Price Target, Generating 13.93% Profit for QuantWave Users  ~1 min.

PHILLIPS 66 stock recently reached the forecast price target set by QuantWave, resulting in a profit of 13.93% for investors who followed the short signal....

PSXApril 4, 2025PHILLIPS 66 Stock Hits Forecast Price Target with 13.45% Profit  ~1 min.

On April 4, 2025, PHILLIPS 66 stock reached the price target as forecasted by QuantWave on January 7, 2025. The stock was predicted to move in a short direction when it was priced at 113....

PSXApril 4, 2025PHILLIPS 66 Stock Hits Price Target Forecast on QuantWave with 14.98% Profit  ~1 min.

On January 14, 2025, QuantWave's forecast signal indicated a short position for PHILLIPS 66 stock when it was trading at 115.11 $....



Related news

OKEJanuary 2, 2025ONEOK Inc. Strengthens Financial Position with Sale of Three Pipeline Systems  ~2 min.

ONEOK Inc., a leading natural gas pipeline company, has announced the successful sale of three pipeline systems to DT Midstream for a total of $1.2 billion....

PSXFebruary 13, 2025Elliott Sends Letter and Presentation to the Board of Phillips 66  ~1 min.

Elliott Management, a prominent investment firm, has sent a letter and a detailed presentation to the board of Phillips 66, demanding significant changes in the company's operations....

PSXFebruary 20, 2025Activist Elliott calls for a three-pronged approach to streamline Phillips 66  ~1 min.

Activist investor Elliott Management has recently announced its plans to streamline operations at Phillips 66, a leading energy manufacturing and logistics company....

OKEFebruary 2, 2025ONEOK Announces Completion of Strategic EnLink Midstream Acquisition  ~1 min.

One of the leading energy midstream service providers, ONEOK, Inc....

PSXFebruary 24, 2025Phillips 66: Elliott Pushes for Streamlining as Insider Lowers Holding  ~1 min.

Phillips 66, the energy manufacturing and logistics company, has been making headlines recently....