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  "documentTitle": "Phillips 66 (PSX)",
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  "authorName": "John Pike",
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      "text": "ATTRACTIVE EARNINGS STREAM IN-LINE WITH HIGHLY VALUED PUBLIC MIDSTREAM PEERS",
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      "text": "TRANSPORTATION ~35% of EBITDA: Network of crude and refined product pipelines, tanks and terminals",
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      "text": "NGL BUSINESS ~65% of EBITDA: Wellhead-to-market NGL system focused on the Permian and DJ basins",
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      "text": "Source: Elliott estimates and third-party energy market consultant views. Phillips reflects Phillips' Midstream segment based on publicly available data and estimates.",
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