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Elliott Sues Phillips 66 to Put Board Nominees Up for Vote
Elliott Investment Management has asked a court to order Phillips 66 to require four board seats to stand for election at its annual shareholder meeting.
International Battery Metals CEO Talks Direct Lithium Extraction
IBAT CEO Iris Jancik, who stepped into the role in August, shared her insight on market conditions, lessons learned and China.
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
Elliott Nominates 7 Directors for Phillips 66 Board in Big Push for Restructuring
Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives.
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Elliott Sues Phillips 66 to Put Board Nominees Up for Vote
Elliott Investment Management has asked a court to order Phillips 66 to require four board seats to stand for election at its annual shareholder meeting.
US Oil Company APA Lays Off Nearly 15% of Staff, Bloomberg News Reports
The news comes days after APA and its partners announced a successful oil discovery on their shared acreage in Alaska's North Slope.
International Battery Metals CEO Talks Direct Lithium Extraction
IBAT CEO Iris Jancik, who stepped into the role in August, shared her insight on market conditions, lessons learned and China.
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
Elliott Nominates 7 Directors for Phillips 66 Board in Big Push for Restructuring
Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives.
Q&A: Patterson’s OFS Perspective on the Shale Boom, Pandemic and Current Upswing
Former Basic Energy Services CEO Roe Patterson details his perspective on the shale boom and the lessons learned to get back to the current upswing in the industry.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
Chevron Makes Leadership, Organizational Changes in Bid to Simplify
Chevron Corp. is consolidating its oil, products and gas organization into two segments: upstream and downstream, midstream and chemicals.
Chevron to Lay Off 15% to 20% of Global Workforce
At the end of 2023, Chevron employed 40,212 people across its operations. A layoff of 20% of total employees would be about 8,000 people.
EON Deal Adds Permian Interests, Restructures Balance Sheet
EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.