Elliott had been pushing for four new board seats on the oil refiner’s board.

This was the stock's third consecutive day of losses.

Phillips 66 and activist investor Elliott Investment Management each won two seats on the oil refiner's board at an annual ...

Activist Elliott Investment Management successfully gained a foothold on the Phillips 66 board despite split voting results.

Reuters News Service reports the split decision ends months of escalating tension between the company and the hedge fund, ...

Shares of the oil refiner were recently down about 6%, putting them among the S&P 500’s biggest daily decliners and sending ...