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Amid Elliott Investment's Suggestions, Phillips 66 Confirms Ongoing Discussions And Updates On Ambitious Business Goals

Amid Elliott Investment's Suggestions, Phillips 66 Confirms Ongoing Discussions And Updates On Ambitious Business Goals

在埃利奥特投资的建议中,菲利普斯66证实了正在进行的关于雄心勃勃的商业目标的讨论和最新情况
Benzinga ·  2023/11/30 02:25

We agree with Elliott that successful execution of our strategic priorities will drive substantial stock price performance and believe that we have the right management team and Board in place to deliver long-term, sustainable value.

我们同意埃利奥特的观点,即成功执行我们的战略优先事项将推动股价的显著表现,并相信我们有合适的管理团队和董事会来创造长期、可持续的价值。

We also appreciate that Elliott recognizes the value-creation potential of the strategic priorities that we have been executing since our Investor Day in November 2022. Given our substantial progress and confidence in exceeding the original targets, on Oct. 27, 2023, we announced the following enhancements:

我们还赞赏埃利奥特认识到自2022年11月投资者日以来我们一直在执行的战略优先事项的价值创造潜力。鉴于我们取得的实质性进展以及对超额完成最初目标的信心,我们于 2023 年 10 月 27 日宣布了以下增强措施:

  • Raise shareholder distributions target to a range of $13 billion to $15 billion
  • Monetize over $3 billion of non-core assets
  • Return at least 50% of operating cash flow to shareholders
  • Increase business transformation run-rate savings target to $1.4 billion by year-end 2024, including a $1 per barrel cost reduction in Refining
  • Raise mid-cycle adjusted EBITDA target to $14 billion by 2025
  • 将股东分配目标提高到130亿美元至150亿美元之间
  • 将超过30亿美元的非核心资产货币化
  • 向股东返还至少 50% 的运营现金流
  • 到2024年底,将业务转型的节约率目标提高到14亿美元,包括炼油每桶降低1美元的成本
  • 到2025年将周期中期调整后的息税折旧摊销前利润目标提高至140亿美元
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