Tuesday, July 8, 2025
Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco deal- oil and gas-oil gas 360

Activist investor Engine Capital plans to vote against US$9.1B Parkland-Sunoco deal

(BOE Report) – CALGARY – A major shareholder in fuel refiner and retailer Parkland Corp. says it plans to vote against its planned takeover by U.S. heavyweight Sunoco LP. Engine Capital owns 2.5 per cent of Parkland’s shares, making it one of the Calgary-based company’s biggest investors. In a letter to Parkland’s board of directors, Engine’s leadership argues the Sunoco deal

Phillips 66 hits out at activist investor Elliott over conflict of interest- oil and gas 360

Phillips 66 hits out at activist investor Elliott over conflict of interest

(Oil Price) – U.S. refiner Phillips 66 told shareholders on Monday that they should keep in mind that activist investor Elliott, which wants to break up one of the biggest U.S. refiners, may not necessarily act in Phillips 66 shareholders’ interests as it is pursuing an acquisition of Citgo, a direct competitor of Phillips 66. Activist hedge fund Elliott Investment Management

BP Chair to step down amid Elliott campaign for changes- oil and gas 360

BP Chair to step down amid Elliott campaign for changes

(Oil Price) – BP chair Helge Lund has informed the board that he would be stepping down from the role “most likely during 2026,” as activist investor Elliott continues to demand more changes at the UK-based supermajor. BP’s board of directors has initiated a succession process to select a new Chair after Helge Lund informed the board of his intention to

Climate activist urges bp investors to vote against oil-pro chairman’s reelection- oil and gas 360

Climate activist urges bp investors to vote against oil-pro chairman’s reelection

(World Oil) –  Climate activist Follow This is calling for investors in bp Plc to vote against the reappointment of Chairman Helge Lund at next month’s annual general meeting, in a public rebuke to the company’s recent pivot back toward oil and gas. Follow This has a history of pressuring bp to do more to tackle global warming, backing an

Aggressive activist investor is gunning for Phillips 66- oil and gas 360

Aggressive activist investor is gunning for Phillips 66

(Oil Price) – Elliott Investment Management is at it again, this time sinking its teeth into U.S. refiner Phillips 66 with a $2.5 billion stake and a laundry list of demands. The aggressive activist investor—best known for shaking up boardrooms and strong-arming CEOs into “unlocking value” (i.e., making changes that boost Elliott’s returns)—wants Phillips 66 to spin off its midstream business