In addition to nominating the directors, Elliott has submitted a proposal to declassify Phillips 66’s board, which would put ...

The Chemicals segment consists of the company's 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics on a worldwide ...

The activist investor demands that Phillips 66 separate or sell its midstream business, which it values at up to $40 billion, and sell its CPChem interest. Update: A statement from Philips 66 has ...

Chevron Corp. is interested in buying Phillips 66’s stake in a chemicals joint venture that activist Elliott Investment Management LP is pushing the oil refiner to exit, according to people familiar ...

Chevron (CVX) is reportedly exploring an opportunity to acquire Phillips 66’s (PSX) stake in their 50-50 chemicals joint venture, CPChem, as activist Elliott Investment Management pushes for an ...

The hedge fund also recommended that Phillips 66 consider divesting non-essential assets such as CPChem and certain European retail operations in order to increase capital returns to shareholders ...

Chevron Phillips Chemical Co. has placed force majeure supply limits on high density polyethylene resin made at one of the firm's plants in Orange, Texas. Construction will begin immediately on ...

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Chevron is looking to increase exposure to petrochemicals at the right price and could target its Chevron Phillips Chemical Co. JV should Phillips be open to it, said the people, who asked not to ...

Chevron aims to bolster its petrochemicals exposure by acquiring Phillips 66’s stake in CPChem. The chemicals joint venture is a key asset with significant growth projects, including ...