Phillips 66
Phillips 66 Receives Director Nomination Notice from Elliott Associates
Summary
On February 13, 2025, Phillips 66 announced that Elliott Associates, L.P. has submitted a notice nominating director candidates for the Company's 2025 Annual Meeting and proposing an annual election policy for directors. The Board's Nominating and Governance Committee will review the notice, and formal recommendations will be presented in the Company's definitive proxy statement to be filed with the SEC.
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About Phillips 66
Phillips 66 is a renowned American multinational energy company involved in refining, transporting, and marketing petroleum products. Engaging primarily as a downstream sector entity, Phillips 66 operates an extensive network of refineries, pipelines, and retail stations across the globe. The company's main function is to refine crude oil into marketable fuels such as gasoline, diesel, and jet fuel, as well as petrochemical products that serve as building blocks for various industrial applications. Additionally, Phillips 66 is known for its logistics and midstream operations, which include pipelines and trucking services that facilitate efficient energy distribution. The company plays a critical role in the energy sector, impacting industries ranging from transportation to manufacturing. By maintaining a strategic focus on safety, environmental stewardship, and operational excellence, Phillips 66 contributes significantly to the global energy supply chain. Established in 1875 and headquartered in Houston, Texas, Phillips 66 continues to provide essential energy solutions while adapting to evolving market dynamics and sustainability demands.
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