Phillips 66 has posted a long presentation stating that the company is doing very well since Go Go took over in 2022 and how Elliott is wrong on everything.
This presentation says a lot of things, but the one thing that stands out to me is that it says our refineries are doing as well as anyone else. We just count ours differently.
Whatever!!
2 replies (most recent on top)
They don't want our assets! That want to make money and roll out! They did this to Hess many years ago, are doing it to other companies as we speak. Any board filled with these sharks is gonna be bad for the employees! We can just all say goodbye to benefits and positions as well.
Go look at the Elliott one that posted several hours ago.
I think Elliott will be disappointed by our refining assets when they get their hands on them. Likely far more investment needed than they realize. If not, all of refining management needs to be very worried.
No doubt actual focus and accountability will go a long way.