Phillips 66 Shares Fall In Afternoon Trading, Last Down 1.3%; Says To Change 430 Employee, Contractor Roles In 2024 Realignment
Portfolio Pulse from Benzinga Newsdesk
Phillips 66 (PSX) shares fell by 1.3% in afternoon trading following the company's announcement of a realignment in 2024 that will change the roles of 430 employees and contractors.
August 15, 2023 | 7:32 pm
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NEGATIVE IMPACT
Phillips 66's announcement of a 2024 realignment affecting 430 roles led to a 1.3% drop in its shares.
The announcement of a significant realignment in 2024, which will affect the roles of 430 employees and contractors, has led to uncertainty among investors, causing a drop in Phillips 66's share price. The impact is likely to be short-term as the market adjusts to the news.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100