CNBC's Andrew Ross Sorkin reports on the latest news.

Phillips 66 stock moved higher before the stock market open on news Elliott Management has increased its stake in the company ...

Energy giant BP plc (BP) announced a strategy reset and a $1.75 billion stock buyback program after missing fourth quarter ...

After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

BP pump. Pull up the drawbridge, man the barricades – the most venerable of British institutions is under siege. Activist ...

Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking ...

Energy major BP reported on Tuesday a quarterly profit of $1.17 billion, much less than expected and the lowest in four years ...

The chief executive of BP has vowed to 'fundamentally reset' the group's strategy after its annual profits fell by more than ...

Activist investor Elliott Investment Management LP wants Houston-based Phillips 66 (NYSE: PSX) to spin off its midstream ...

Sky's Ian King says the company's expected reprioritisation of oil and gas revenues has long been demanded by investors whose returns have lagged those seen at rivals.

The activist investor plans to push the oil refiner to consider selling or spinning off its energy-transportation business.

Operationally, divestments and project timing mean 2025 will see production come down, alongside lower volumes in the petrol ...