Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+ / Latest / By mark Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets. Share this: Click to share on Facebook (Opens in new window) Facebook Click to share on X (Opens in new window) X Related