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      "text": "Phillips 66 has been pursuing a strategy for many years that emphasizes and grows midstream assets alongside its refining business, despite evidence that this structure isn’t delivering value for shareholders relative to the company’s more streamlined peers.",
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      "text": "Former CEO (2010-2018) of Andeavor where he generated total returns of over 1,200%(1)\nThree-decade career with ConocoPhillips\nFormer Director of Exxon Mobil, Enbridge, Marathon Petroleum, MPLX, Andeavor and DCP Midstream",
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      "text": "Energy industry veteran Gregory Goff is supporting Elliott in our effort to boost shareholder value at Phillips 66. Mr. Goff's more than 40 years of experience includes nearly three decades at ConocoPhillips, nearly a decade as CEO of refiner Andeavor, and service on the Exxon Mobil Board of Directors.",
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      "text": "Phillips 66 has been pursuing a strategy for many years that emphasizes and grows midstream assets alongside its refining business, despite evidence that this structure isn't delivering value for shareholders relative to the company's more streamlined peers. A stronger board would have questioned why these disparate businesses – which trade at different multiples, trapping shareholder value and diluting management focus – belong together.",
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      "text": "1) Total Returns assessed on the period from 05/01/10 to 09/28/18, assumes dividends reinvested.",
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      "text": "CONGLOMERATE STRUCTURE: GREG GOFF'S PERSPECTIVE",
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