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.

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 ...

Following a recent proxy battle and boardroom fight, activist investor Elliott Management is well on its way to oversee an ...

(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 ...

The move marks a new escalation in the proxy battle ... its push for boardroom changes, including the nomination of former Andeavor CEO Gregory Goff and other allies. Phillips 66’s rebuttal ...

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.

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 ...