Thread regarding Phillips 66 layoffs

Blackrock

Does anyone know much of a percentage Blackrock owns in P66? Are they the ones in the drivers seat behind business transformation and Inclusion &Diversity?

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Post ID: @OP+1hmqucw0

11 replies (most recent on top)

Blackrock does not care about any of today's buzzwords. They are an investment arm that cares about getting a good ROI, and they will sell when they have used any given company up like a vampire sucks blood from their victims until their blast breath.

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Post ID: @1Mdvp+1hmqucw0

Put the ticket in at Yahoo Finance and look at the Holders tab.

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Post ID: @vwur+1hmqucw0

https://www.wsj.com/articles/esg-loser-funds-costs-basis-points-blackrock-500-environment-green-sec-11657461127

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Post ID: @thfe+1hmqucw0

I distinctly recall our former Controller talking about Blackrock and ESG during a Finance townhall. When discussing ESG, he basically said that when Larry Fink talks, you listen. So yes, we have had an exec admit that pressure is coming from Blackrock to push ESG.

I think Fink is your typical elitist who runs his mouth about doing “good” but is really driven by greed and control. He talks about a net zero carbon world (yeah right) and says you can be a leader or be led. Who ever said we need a zero carbon world and who is this dork to tell anyone they’ll be led? He uses his influence and power to suit his ideology and make a ton of money doing it.

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Post ID: @cutm+1hmqucw0

So no. The answer is that you are not paying attention and actually have no idea what you're talking about. You should leave the decision making up to those who are.

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Post ID: @2qca+1hmqucw0

Diversity & Inclusion, oh, the irony of it all….

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Post ID: @2tfn+1hmqucw0

Transformation is going to make us as much money as Advantage66 did. Zero, nothing, nada.

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Post ID: @2kuy+1hmqucw0

So you really don't understand the need for transformation? Do you pay attention to any of the earnings releases, analyst calls, comparison to peers? Anything?

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Post ID: @2huy+1hmqucw0

Also, you can look at the March 2022 P66 Proxy Statement which discloses 3 beneficial owners of P66 that own more than 5%: Vanguard 9.29%, Blackrock 6.56% and State Street 5.53% (as of 3/15/2022).

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Post ID: @1zjc+1hmqucw0

https://www.wallstreetzen.com/stocks/us/nyse/psx/ownership

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Post ID: @1vas+1hmqucw0

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