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  "documentTitle": "Phillips 66 (PSX)",
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  "notes": "Uses a stool metaphor to represent the four legs of the business.",
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      "text": "Phillips 66 has failed to grow their G&P business like their competitors. With a higher cost of capital and a poor in-house engineering function, the midstream business must pursue dilutive M&A to try to correct their own self caused issue.",
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