Chevron (NYSE:CVX) wants to increase exposure to petrochemicals at the right price and could target the Chevron Phillips Chemical JV if Phillips 66 (NYSE:PSX) is open to it, according to the ...

In an interview with the HBJ and a podcast episode released by Elliott, leaders of the two companies share their contrasting perspectives about the direction of Phillips 66. Houston-based Phillips ...

After suggesting in February that Phillips 66 sell its 50% stake in Chevron Phillips Chemical Co. and sell or spin off its midstream business, Elliott nominated seven directors to Phillips 66’s ...

In addition, Phillips 66 said it will focus on positioning its Chevron Phillips Chemical joint venture as the lowest cost producer as well as increase profits by expanding its midstream business ...