Environmental activists planned a protest at the Dodgers' home opener to call for an end to the team's partnership with Phillips 66 amid a federal indictment alleging the company discharged contaminated industrial wastewater in violation of the Clean Water Act.

Elliott Investment Management filed a lawsuit against Phillips 66 alleging that the company's decision to reduce its board size and limit board seat elections constitutes gamesmanship and a breach of fair corporate governance, undermining shareholder rights at the upcoming 2025 Annual Meeting.

Elliott Investment Management has nominated seven new directors and is calling for governance reforms at Phillips 66, including annual director elections and a restructured board. The activist campaign aims to address long-standing concerns about the company's entrenched board structure and lack of accountability, potentially hindering transparent corporate oversight.

On February 11, 2025, activist investor Elliott Investment Management sent a letter to Phillips 66 demanding a strategic overhaul that includes the sale or spin-off of its midstream business. The proposal, part of the 'Streamline66' plan, calls for divestitures and board changes aimed at improving operational efficiency, unlocking shareholder value, and enhancing corporate accountability.

Activist investor Elliott Investment Management LP, after building a stake of over $2.5 billion in Phillips 66, has called on the company to sell or spin off its midstream unit and install new independent directors. The move is aimed at unlocking hidden corporate value and promoting greater board accountability.

On February 11, 2025, activist investor Elliott Investment Management sent a detailed letter and presentation to the Board of Directors of Phillips 66, criticizing its poor operating performance and flawed corporate governance. The letter highlights the company's failure to follow through on commitments such as adding independent directors and abandoning a combined CEO-Chairman role, which Elliott claims has contributed to a deteriorating shareholder confidence and an inefficient conglomerate structure.

A Los Angeles area federal grand jury indicted Phillips 66 on six counts of Clean Water Act violations related to significant noncompliant wastewater discharges from its Carson refinery in late 2020 and early 2021. The indictments, stemming from releases of wastewater containing excessive oil and grease, highlight serious lapses in operational and environmental compliance.

Phillips 66 is facing federal charges after a grand jury indicted the company on multiple counts of violating the Clean Water Act for dumping a total of 790,000 gallons of polluted wastewater into Los Angeles County sewers. The indictment covers two separate spills between November 2020 and February 2021, during which the company allegedly failed to notify sanitation officials and compromised community health. In response, the company stated it will cooperate with federal authorities and has closed its LA-area refinery.

Phillips 66 is facing federal charges following a six-count indictment for allegedly dumping contaminated wastewater containing excessive oil and grease into Los Angeles County sewers at its Carson refinery in two incidents (November 2020 and February 2021), in clear violation of the Clean Water Act. The case raises serious concerns over the company's ethical business practices and its responsibility to protect community health and the environment.

Phillips 66, a Texas-based oil company, has been indicted by federal prosecutors for allegedly discharging contaminated industrial wastewater from its Carson refinery into the Los Angeles County sewer system, violating the Clean Water Act. The charges include counts of negligent and knowing violations, raising concerns about the company’s environmental and community responsibilities.

Phillips 66 published a statement on its corporate website emphasizing its dedication to upholding human rights in all aspects of its operations, including adherence to legal standards, ethical business practices, and commitments to inclusion, diversity, and supply chain transparency in line with the Universal Declaration of Human Rights.

Phillips 66 published a supply chain transparency update on its website, emphasizing its long history in the energy sector and its commitment to safe, reliable energy delivery across its value chain.