{
  "docId": "019dd923-622b-71dc-a6d9-48cf2415e3d9",
  "docSlug": "b672c185ded3",
  "documentTitle": "Phillips 66 (PSX)",
  "authorId": "02_Elliott_Management",
  "authorName": null,
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2025-05-01 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 17,
  "pageCount": 51,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "closing_ask",
  "function": "closing_ask",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "This is a text-heavy closing slide for an activist presentation.",
  "elementsJson": [
    "paragraph",
    "bullet_list"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6d9-48cf2415e3d9/17",
  "deckHref": "/decks/019dd923-622b-71dc-a6d9-48cf2415e3d9",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6d9-48cf2415e3d9.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6d9-48cf2415e3d9#slide-17",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.66,
        "x": 0.17,
        "y": 0.49
      },
      "kind": "callout",
      "text": "By voting on the enclosed Gold Card for Elliott's four independent nominees – Brian Coffman, Sigmund Cornelius, Michael Heim and Stacy Nieuwoudt – you can be part of helping deliver this change.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "45f1884b-a4c6-4296-8c91-b910bcea0260",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.66,
        "x": 0.17,
        "y": 0.21
      },
      "kind": "list",
      "text": "Phillips 66's assertions about our director nominees' lack of experience or independence ring hollow. Elliott's four independent nominees would restore badly needed credibility to the Company's Board.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "37b2eb7d-3c5a-40b4-992e-642181018e43",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.66,
        "x": 0.17,
        "y": 0.09
      },
      "kind": "paragraph",
      "text": "It appears that the real reason Phillips 66 denigrated Mr. Goff has nothing to do with his independence from Elliott, and everything to do with his independence from Mr. Lashier and the current Board.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "428e373d-4fbf-407f-8ce5-930c829bb5e8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.66,
        "x": 0.17,
        "y": 0.41
      },
      "kind": "paragraph",
      "text": "Fixing Phillips 66's broken corporate governance and culture of hostility toward shareholders who advocate for needed changes is a critical element of setting it on a path to a dramatically higher stock price.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cf73def9-f5bf-4ff9-9223-5c90dd4341ef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.3,
        "x": 0.17,
        "y": 0.56
      },
      "kind": "paragraph",
      "text": "Thank you for your time and consideration. Respectfully, Elliott Investment Management",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d6fbcf86-f3b1-4e5d-ab82-16ac3c9af5df",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 17,
      "from": 13,
      "beatId": "467c8be0-8fd5-4678-88d9-86dee198eb1b",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "Presenting Elliott's Streamline 66 plan as a solution",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}