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Elliott Management Releases Investor Presentation on Phillips 66

1. Elliott Investment Management proposes 'Streamline 66' plan for PSX. 2. Plan aims for board enhancements and operational improvements. 3. Proxy statement filed for director candidates' election in 2025. 4. Elliott is a top-five shareholder in Phillips 66. 5. The initiative seeks to reverse PSX's cycle of underperformance.

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Why Bullish?

Elliott's involvement suggests potential positive change in governance and operational strategy, similar to past activist interventions that have improved stock performance.

How important is it?

The likelihood of substantial operational improvements from proactive shareholder engagement makes this article highly relevant.

Why Long Term?

The effects of board changes and strategic initiatives typically take time to manifest fully, indicating a gradual improvement in PSX's performance over the next few years.

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Highlights Path to Unlocking Substantial Upside By Reversing Company's Cycle of Underperformance  "Streamline 66" Plan Would Transform Phillips 66 Through Board Enhancements, Operational Improvements and Portfolio Simplification Click Here to Download the Full Presentation , /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together make it a top-five shareholder in Phillips 66 (NYSE: PSX) (the "Company" or "Phillips"), today released an investor presentation titled "Streamline 66: Elliott's Perspectives on Value Creation." The full presentation can be downloaded by clicking here. For more information, including how to vote for Elliott's four nominees to the Phillips 66 Board using the GOLD proxy card, please visit Streamline66.com. ADDITIONAL INFORMATION Elliott Investment Management L.P., together with the other participants in Elliott's proxy solicitation (collectively, "Elliott"), has filed a definitive proxy statement and accompanying GOLD universal proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit proxies with respect to the election of Elliott's slate of highly qualified director candidates and the other proposals to be presented at the 2025 annual meeting of stockholders (the "Annual Meeting") of Phillips 66, a Delaware corporation ("Phillips" or the "Company"). Stockholders are advised to read the proxy statement and any other documents related to the solicitation of stockholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in Elliott's proxy solicitation. These materials and other materials filed by Elliott with the SEC in connection with the solicitation of proxies are available at no charge on the SEC's website at http://www.sec.gov. The definitive proxy statement and other relevant documents filed by Elliott with the SEC are also available, without charge, by directing a request to Elliott's proxy solicitor, Okapi Partners LLC, at its toll-free number (877) 629-6357 or via email at [email protected]. About Elliott Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately $72.7 billion of assets as of December 31, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.  Media Contact:Casey FriedmanElliott Investment Management L.P.(212) 478-1780[email protected] Investor Contact: Bruce Goldfarb / Pat McHughOkapi Partners LLC(877) 629-6357(212) 297-0720[email protected] SOURCE Elliott Investment Management L.P. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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