{ "docId": "019dd923-622b-71dc-a6d8-e20e7c5ea67e", "docSlug": "55ffb19d7e09", "documentTitle": "Phillips 66 (PSX)", "authorId": "02_Elliott_Management", "authorName": null, "documentKindSlug": "regulatory-filing", "documentKindLabel": "Regulatory filing", "sourceTypeSlug": "activist_investor", "sourceTypeLabel": "Activist investor", "presentationDate": "2025-04-11 00:00:00", "orientation": "portrait", "aspectRatio": 0.77272725, "pageNumber": 2, "pageCount": 18, "prevPage": 1, "nextPage": 3, "slideType": "nominee_bio", "function": "introduce_nominees", "density": "overcrowded", "nDataPoints": 2, "notes": "This is an email announcement from Elliott Management regarding their activist campaign against Phillips 66.", "elementsJson": [ "paragraph", "logo_grid" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622b-71dc-a6d8-e20e7c5ea67e/2", "deckHref": "/decks/019dd923-622b-71dc-a6d8-e20e7c5ea67e", "deckJsonHref": "/decks/019dd923-622b-71dc-a6d8-e20e7c5ea67e.json", "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d8-e20e7c5ea67e#slide-2", "components": [ { "bbox": null, "kind": "callout", "text": "Mr. Goff’s more than 40 years of experience includes nearly three decades at ConocoPhillips (Phillips 66’s predecessor company), nearly a decade as CEO of refiner Andeavor (formerly known as Tesoro), and service on the Exxon Mobil Board of Directors.", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-0398-7399-b333-d2cb1246d5ca", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.38 }, "kind": "paragraph", "text": "Mr. Goff’s more than 40 years of experience includes nearly three decades at ConocoPhillips (Phillips 66’s predecessor company), nearly a decade as CEO of refiner Andeavor (formerly known as Tesoro), and service on the Exxon Mobil Board of Directors. At Andeavor, Mr. Goff spearheaded one of the industry’s most successful financial and operational transformations, presiding over a 1,200% increase in shareholder returns.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "1c9ed30a-c542-4a05-a83d-4f00d748e00e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.75 }, "kind": "paragraph", "text": "Like Elliott, Mr. Goff believes that - with the necessary strategic, operational and governance improvements - Phillips 66 can be a stronger, more valuable company for all of its employees and investors. Elliott and our fellow Phillips 66 shareholders are fortunate to have Mr. Goff’s support.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3495fe9e-767f-4907-aac4-b2c878eb0e80", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.9, "x": 0.05, "y": 0.55 }, "kind": "paragraph", "text": "Mr. Goff is one of the pre-eminent energy executives of our time. At Elliott, we have enjoyed working with Mr. Goff to explore private energy-industry opportunities in recent years. During our joint evaluation of the CITGO refining assets, we have witnessed firsthand his impressive ability to identify and develop a clear value-creation plan for refining assets. His experience will be invaluable as we push to affect change at Phillips 66 so it can regain its status as an industry leader.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5579f7f7-3717-46b2-aafd-e95a3816eb3b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.28 }, "kind": "paragraph", "text": "Elliott is pleased to have the support and assistance of Phillips 66 shareholder and accomplished energy industry veteran Gregory Goff for our effort to boost shareholder value at Phillips 66.", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fad2b230-5b62-4aa7-a320-c0203778c1e9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.18 }, "kind": "title", "text": "Veteran Energy Executive Gregory Goff Backs Elliott’s Plan to Unlock Value at Phillips 66", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9f9390e2-9b64-424c-a4cf-3fa6ff790215", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Authority citation", "slug": "authority-citation", "agent": null, "layer": "slide", "matchId": "ae18c882-5796-4d62-ac8a-89d40eec294f", "evidence": "Mr. Goff’s more than 40 years of experience includes nearly three decades at ConocoPhillips (Phillips 66’s predecessor company), nearly a decade as CEO of refiner Andeavor (formerly known as Tesoro)", "confidence": 0.7 } ], "frameworks": [ { "name": "authority-citation", "slug": null, "matchId": "f85766fe-9209-4b37-b7be-e5e2099a93aa", "evidence": "Leveraging the reputation and track record of Gregory Goff to validate the activist plan.", "confidence": 0.9 } ], "arcBeats": [ { "to": 5, "from": 2, "beatId": "70b6646c-3a9e-432c-9fbd-3b7e3ebbf4f0", "arcName": "AIDA", "arcSlug": "aida", "beatName": "Attention", "beatSlug": "aida-attention", "evidence": "Nominee bio and disclaimer pages", "position": 0, "confidence": 0.8, "parentBeatName": "Hook", "parentBeatSlug": "hook" } ], "loops": [ { "to": 18, "from": 2, "name": "Golden Circle", "slug": "11-golden-circle", "bestFor": "Visionary leadership, brand positioning, mission statements", "matchId": "141ee5c6-0772-4b3f-bbb3-eb96b2ee166d", "evidence": "The entire document presents a case for Elliott's plan", "position": 0, "objective": "Why Elliott's plan is the right choice", "structure": "The Why (Belief) -> The How (Process) -> The What (Result)", "confidence": 0.7, "description": "Invert the typical pitch by starting with why you exist, rather than what you do" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }