Elliott Management · activist-deck
Phillips 66 (PSX)
51 pages · 3 arc beats · 2 loops
Phillips 66 (PSX)
Elliott Management · 2025-05 arc beats above · slides in the middle · loops below · scroll → 2 LOOPS
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Deck intelligence map
3 coverage by narrative range · generated from this deck JSON
Narrative range 18 total
Metadata
Components
Metrics
Tools
Frameworks
Beats
Loops
Problem 3 slides 100% 3/3 slides 100% 3/3 slides · 17 hits — 0/3 slides
— 0/3 slides
100% 3/3 slides · 4 hits 100% 3/3 slides 100% 3/3 slides Agitate 10 slides 100% 10/10 slides 100% 10/10 slides · 79 hits — 0/10 slides
10% 1/10 slides 80% 8/10 slides · 9 hits 100% 10/10 slides · 14 hits — 0/10 slides
Solution 5 slides 100% 5/5 slides 100% 5/5 slides · 36 hits — 0/5 slides
— 0/5 slides
60% 3/5 slides · 4 hits 100% 5/5 slides · 9 hits — 0/5 slides
Slide inventory
51 every slide · same image gating as the playbook
04
Uses quotes from former CEO Gary Heminger to demonstrate management's previous resistance to activist demands.expose_contradiction
05
The slide uses a 'villain' narrative (prior management) vs 'hero' outcome (value creation via contracts).expose_contradiction
06
Uses a 'before vs after' structure to frame the Elliott intervention as a catalyst for positive change.expose_contradiction
07
The slide uses a combination of a bar chart (EBITDA) and an area chart (TSR underperformance) to illustrate the failure of the midstream pivot strategy.expose_contradiction
Open slide detailBeat · Agitate
08
The slide uses a bar chart to contrast historical actuals with forward projections, specifically critiquing the company's mid-cycle methodology.analyze_data
Open slide detailBeat · Agitate
09
The slide uses a grid of pull-quotes to build credibility for the activist's position.cite_precedent
Open slide detailBeat · Agitate
10
The slide uses a grid of pull-quotes to demonstrate external validation of the activist's thesis.cite_precedent
Open slide detailBeat · Agitate
11
The slide uses a grid of quotes to build credibility for the activist's thesis.cite_precedent
Open slide detailBeat · Agitate
13
This is a cover letter/introductory page for an activist investor deck.frame_situation
Open slide detailBeat · Agitate
14
This slide serves as a narrative-heavy 'villain critique' or 'expose contradiction' piece, focusing on the board's lack of transparency and accountability.expose_contradiction
Open slide detailBeat · Agitate
15
This is a text-heavy slide from an activist investor deck (Elliott) criticizing Phillips 66 leadership and governance.expose_contradiction
Open slide detailBeat · Agitate
16
The slide functions as a character critique of the board's defensive tactics.expose_contradiction
Open slide detailBeat · Agitate
17
This is a text-heavy closing slide for an activist presentation.closing_ask
Open slide detailBeat · Solution
18
Uses a 'box' to isolate the opponent's text for direct refutation.expose_contradiction
19
This is a text-heavy rebuttal slide typical of activist investor decks, specifically addressing a conflict between Elliott and Phillips 66.preempt_rebuttal
20
The slide uses a 'preempt_rebuttal' structure by quoting the opponent's letter and then providing a direct factual refutation.expose_contradiction
21
The slide uses a red-bordered callout box to quote the opposing party's argument before systematically dismantling it.expose_contradiction
22
The slide uses a red-bordered box to highlight the specific claims being rebutted from the opponent's letter.preempt_rebuttal
23
The slide is a direct quote/excerpt from a Phillips 66 letter to shareholders.preempt_rebuttal
24
Contains two callout boxes: one quoting the proposal and one quoting the company's rebuttal.preempt_rebuttal
25
Uses a callout box to highlight the contradiction and another to quote the company's letter.expose_contradiction
27
Uses a before-after-framing style to contrast CEO rhetoric with market performance data.expose_contradiction
30
The slide is a screenshot of a tweet/post from the 'Streamline 66' account.introduce_nominees
31
This is a screenshot of a tweet/social post used as evidence of third-party support.cite_precedent
34
This appears to be a landing page or summary slide from an activist campaign website.closing_ask
38
This appears to be a footer or resource page from an activist campaign website.other
39
This is a boilerplate legal disclaimer slide common in activist investor presentations.other
40
This is a screenshot of a website page, likely part of an activist campaign microsite.appendix
44
This is a web-based navigation slide acting as a hub for detailed campaign arguments.summarize
46
Uses a 'Claim vs Reality' framework to directly challenge CEO rhetoric.expose_contradiction
Open slide detailLoop · Cost Of Inaction
47
Includes a secondary section below the main chart titled 'WHY PHILLIPS 66'S CONGLOMERATE STRUCTURE DOESN'T WORK' which contrasts the business models of midstreaexpose_contradiction
Open slide detailLoop · Cost Of Inaction
48
This slide acts as a summary/closing page for an activist campaign deck.closing_ask
49
The slide displays two rows of four cards each, representing a carousel interface for navigating campaign materials.appendix