Phillips 66 Responds to Gregory Goff, Citing Conflict of Interest with Elliott Management

Phillips 66 has issued a strong rebuttal to a letter from Gregory J. Goff addressed to its shareholders, asserting that Goff is “clearly affiliated with Elliott Management.” According to the company, Goff remains listed as CEO of Amber Energy, a firm backed by Elliott in its bid for Citgo, a Phillips 66 competitor—an association that the board says creates a clear conflict of interest.

The company criticized Goff’s letter for omitting this affiliation, stating that it misleads shareholders and reflects Elliott’s "growing desperation" in its push for a breakup of Phillips 66. The board reaffirmed its confidence in the company’s long-term value, citing $43 billion returned to shareholders through dividends and buybacks.

This exchange is part of an ongoing proxy fight ahead of the company’s 2025 Annual Meeting. Phillips 66 has filed its proxy materials with the SEC and urges shareholders to review its official filings, which include detailed information on participants and nominees.

Phillips 66 is a leading downstream energy company with global operations in refining, chemicals, midstream, marketing, and renewables. Headquartered in Houston, it continues to pursue energy transition goals while delivering shareholder returns.

More details are available on Phillips 66’s [investor relations website](https://investor.phillips66.com) and the SEC’s official site.