{
  "docId": "019dd923-622b-71dc-a6d9-31fdb0a37c93",
  "docSlug": "c4edc72c53ee",
  "documentTitle": "Phillips 66 (PSX)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2025-05-06 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 4,
  "pageCount": 33,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 2,
  "notes": "The chart uses a red line to emphasize the negative performance trend.",
  "elementsJson": [
    "headline_text",
    "line_chart",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-31fdb0a37c93/4",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-31fdb0a37c93",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-31fdb0a37c93.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-31fdb0a37c93#slide-4",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.03,
        "y": 0.65
      },
      "kind": "callout",
      "text": "UNDERPERFORMED VALERO BY 388%",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "02c43d70-0e37-437f-af00-c5615b7ba0f6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.5,
        "x": 0.03,
        "y": 0.75
      },
      "kind": "callout",
      "text": "UNDERPERFORMED MARATHON BY 511%",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "34615abb-2f61-4f9e-b85a-0bfeede3b493",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "UNDERPERFORMED VALERO BY 388% UNDERPERFORMED MARATHON BY 511%",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-2b64-7193-87fe-1da6ee50b4f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.6,
        "w": 0.95,
        "x": 0.03,
        "y": 0.25
      },
      "kind": "chart",
      "text": "Line chart showing TSR performance from 2012 to 2024",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5490f5b8-e469-43f5-8bbe-f8a3aa0718f5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Total Shareholder Return: 511%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd953-2b64-7193-87fe-234e8b153d2f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.6,
        "x": 0.03,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Source: Bloomberg TSR is presented through 2/10/25, the date prior to Elliott's release of its original Streamline66 presentation (the \"unaffected date\").",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6851a6f2-5639-4159-ba9a-fa5b5eb06471",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.85,
        "x": 0.03,
        "y": 0.05
      },
      "kind": "title",
      "text": "PHILLIPS 66'S TOTAL SHAREHOLDER RETURN VS. THE AVERAGE OF MARATHON AND VALERO",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7d3f4c0-f86f-4d1c-95bb-7dd3ad462005",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Slide recipe: the peer-gap chart",
      "slug": "peer-gap-chart-recipe",
      "agent": "designer",
      "layer": "slide",
      "matchId": "00130d22-65de-4d5d-80e8-f3fd6798faad",
      "evidence": "Line chart showing TSR performance from 2012 to 2024 with peer comparison",
      "confidence": 0.9
    }
  ],
  "frameworks": [
    {
      "name": "comparison-frame",
      "slug": null,
      "matchId": "7415bf81-5503-47c5-84a7-66da653a022a",
      "evidence": "Direct comparison of TSR performance against specific industry peers.",
      "confidence": 0.9
    }
  ],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}