Big news about Phillips 66, a big oil company! A company called Elliott Investment Management wants to make some changes. They think Phillips 66 isn't doing as well as it could. They want to improve things and help the company's stock price go up.
- Elliott invested $2.5 billion in Phillips 66.
- They want to change how Phillips 66 is run and who's in charge.
- They nominated new people for the company's board of directors.
- Elliott wants Phillips 66 to sell some of its businesses.
| Fact | Number |
|---|---|
| Elliott's investment | $2.5 billion |
| Phillips 66's market value | $52 billion |
| Phillips 66's stock price drop (last year) | 13% |
