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  "documentTitle": "Phillips 66 (PSX)",
  "authorId": "02_Elliott_Management",
  "authorName": "John Pike",
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      "text": "Despite claims of success, Phillips has not closed any of the profitability gap to VLO",
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      "text": "EBITDA per Barrel (excl. TAR) Spread to VLO ($/bbl)",
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      "text": "DESPITE CLAIMS OF TURNAROUND SUCCESS, PHILLIPS REFINING STILL LAGS PEERS",
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