Morgan Stanley Research Global January 5, 2026 12:50 PM GMT January 5, 2026 Vishwanath Tirupattur – Chief Fixed Income Strategist | Strategist Devin McDermott – Head of North American Energy Research | Equity Analyst and Commodities Strategist Simon Waever – Global Head of EM Sovereign Credit and LatAm Fixed Income Strategy | Strategist Ariana Salvatore – Public Policy Strategist | Strategist MORGAN STANLEY & CO. LLC Martijn Rats – Global Commodities Strategist and Head of European Energy Research | Equity ...

Third-Party Findings Are Based on Feedback From Phillips 66 Investors Representing More Than 60% of the Company's Institutional Shares Outstanding Shareholders Do Not Believe the Company's Strategy or Conglomerate Structure Make Sense WEST PALM BEACH, Fla., April 16, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together are a top-five shareholder in Phillips 66 (NYSE: PSX) (the "Company" or "Phillips"), today released findings from a recent Elliott-commissio ...

Group 1: Company Performance - Valero Energy Corporation and Marathon Petroleum Corp have seen their shares drop nearly 20% over the past month due to a sell-off in oil [1] - Both companies may be on the verge of a reversal and rally, making them notable investment opportunities [1] Group 2: Technical Analysis Insights - Technical analysis can be better understood through the lens of psychology, as it reflects the behavior of traders and investors [2] - Patterns such as double tops and triple tops indicate potential reversals, with double tops suggesting a stock may head lower after two peaks [2][4] - Conversely, double bottoms indicate a potential upward reversal, suggesting that stocks may find support at previous low price levels [4] Group 3: Market Dynamics - The presence of regretful sellers can create resistance at previous peak prices, as they look to exit their positions without incurring losses [3][5] - Support can form at former support levels due to buyers wanting to repurchase shares at the price they previously sold [5] - Stocks often rally off support levels, which can lead to aggressive buying and a potential snowball effect driving prices higher [6]

Core Viewpoint - Chevron Corporation has been ordered by the Trump administration to cease operations in Venezuela within 30 days, significantly impacting both U.S. and Venezuelan oil markets [1][2]. Group 1: Chevron's Operations and Impact - Chevron has been operating in Venezuela since 2022 under a U.S. sanctions exception, exporting crude oil and recovering billions in debt [2]. - The company’s joint ventures with PDVSA account for nearly 20% of Venezuela's oil output, which has stabilized the country's economy and controlled inflation [3]. - Chevron's operations have provided a steady revenue stream for Venezuela through royalties and taxes, benefiting its oil and banking sectors [6]. Group 2: Market Implications - The termination of Chevron's license will likely reduce Venezuela's oil revenues and could pressure U.S. gasoline prices, increasing risks for U.S. companies investing abroad [4]. - Chevron's Venezuelan oil exports decreased from 294,000 barrels per day in January to 252,000 barrels per day in February, indicating a downward trend that may affect global crude supply chains [5]. - The loss of Chevron's payments may weaken Venezuela's exchange market, leading to currency depreciation and further economic instability [7].

As filed with the Commission on October 21, 2024 Registration No. 333-276987 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 8 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INVIZYNE TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Nevada 2836 47-228900 (I.R.S. Employer Identification No.) 750 Royal Oaks Dri ...