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

Phillips 66's stock fell 7.5% on Wednesday following the mixed results. This was the first time that the highly active hedge fund fought in a board election at a U.S. company to push for changes.

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

Phillips 66 (NYSE:PSX) -6.5% in early trading Wednesday after achieving a split in its boardroom battle with Elliott Investment Management, with the activist investor winning two of the four seats ...

(Reuters) -Phillips 66's independent director, Bob Pease, defended the company's performance and criticized Elliott Investment Management on Friday, as a boardroom battle between the U.S. refiner ...

Phillips 66 and Elliott Investment Management split a heated boardroom battle that culminated Wednesday, with the activist winning two of the four seats it wanted on the oil refiner’s board.

The barroom brawl of a boardroom fight between Phillips 66 and activist investor Elliott ... and focus on its legacy refining unit. The battle pits one of the energy sector’s most storied ...

Phillips 66 PSX1.84%increase; green up pointing triangle and Elliott Investment Management split a heated boardroom battle that culminated Wednesday, with the activist winning two of the four ...