{
  "docId": "019dd923-622b-71dc-a6d8-cc2488122e5f",
  "docSlug": "d60b6439c7e4",
  "documentTitle": "Phillips 66 (PSX)",
  "authorId": "02_Elliott_Management",
  "authorName": null,
  "documentKindSlug": "regulatory-filing",
  "documentKindLabel": "Regulatory filing",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2025-03-18 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 4,
  "pageCount": 13,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "executive_summary",
  "function": "frame_problem",
  "density": "dense",
  "nDataPoints": 2,
  "notes": "This appears to be a screenshot of a LinkedIn company page created by Elliott for their activist campaign.",
  "elementsJson": [
    "screenshot",
    "paragraph"
  ],
  "metadataConfidence": 0.95,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d8-cc2488122e5f/4",
  "deckHref": "/decks/019dd923-622b-71dc-a6d8-cc2488122e5f",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d8-cc2488122e5f.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d8-cc2488122e5f#slide-4",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "For too long, Phillips 66 has suffered from an inefficient conglomerate structure, weak operating performance, and a lack of accountability.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-3f40-73bb-a5ff-5c727917bd08",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.3,
        "x": 0.05,
        "y": 0.8
      },
      "kind": "list",
      "text": "Website: https://streamline66.com\nIndustry: Oil and Gas\nCompany size: 10,001+ employees",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3dc7e084-a462-4229-85a1-c145d2707f03",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Total Shareholder Return: 188%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-3f40-73bb-a5ff-6005bd965d2e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.3,
        "w": 0.9,
        "x": 0.05,
        "y": 0.48
      },
      "kind": "paragraph",
      "text": "On February 11, 2025, Elliott Investment Management announced it had invested more than $2.5 billion in Phillips 66 (NYSE: PSX)...",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c059935c-d57d-4475-ba25-74d20a96b11b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.35,
        "x": 0.6,
        "y": 0.05
      },
      "kind": "title",
      "text": "Elliott's Plan to Streamline Phillips 66",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d717b7ec-4d9f-47e4-b29e-da23bad01304",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "0a692701-9ead-458f-ae6f-398bcdfaa63f",
      "evidence": "The slide is labeled as an executive summary and provides a brief overview of Elliott's plan.",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "activist-investor-campaign",
      "slug": null,
      "matchId": "8ed8b8a9-1e38-4391-a18d-040c7c03281e",
      "evidence": "The slide outlines a specific investment thesis, identifies management failures, and proposes a named plan (Streamline66) to unlock value.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 9,
      "from": 2,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "4cd7969e-17aa-49c4-af1c-df85bf1a0a18",
      "evidence": "The sequence of slides emphasizes the need for change",
      "position": 0,
      "objective": "Highlight the cost of not taking action to address undervaluation",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}