{
  "docId": "019dd923-622c-750b-8b9c-bac87207629e",
  "docSlug": "2ea5a5e44206",
  "documentTitle": "Phillips 66 (PSX)",
  "authorId": "02_Elliott_Management",
  "authorName": "Elliott",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2025-02-11 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 31,
  "pageCount": 53,
  "prevPage": 30,
  "nextPage": 32,
  "slideType": "comparison_table",
  "function": "compare_peers",
  "density": "dense",
  "nDataPoints": 4,
  "notes": "Uses a 'best practice' framework to contrast two companies; includes a section of analyst quotes to validate Suncor's success.",
  "elementsJson": [
    "headline_text",
    "comparison_table",
    "quote_block",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-bac87207629e/31",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-bac87207629e",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-bac87207629e.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-bac87207629e#slide-31",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "THE MARKET HAS BOUGHT IN TO SUNCOR'S TURNAROUND",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-f5d0-745c-bec4-ce978957608f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.06,
        "w": 0.4,
        "x": 0.3,
        "y": 0.12
      },
      "kind": "framework",
      "text": "TURNAROUND BEST PRACTICES",
      "attrs": null,
      "subkind": "instance",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "34097fbb-1086-45f7-a953-dfce740db6dc",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.22,
        "w": 0.94,
        "x": 0.03,
        "y": 0.72
      },
      "kind": "list",
      "text": "Analyst quotes validating Suncor's turnaround success.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "175a734d-a3a6-40ba-952d-458f661e6c2f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "quote",
      "text": "\"I would follow Rich into battle. New leadership at SU is clearly paying proverbial dividends with continued operational improvements in both the upstream and downstream.\" — Raymond James, 2/6/25",
      "attrs": null,
      "subkind": null,
      "toolName": "Authority citation",
      "toolSlug": "authority-citation",
      "confidence": null,
      "componentId": "019dd952-f5d0-745c-bec4-d3d39faa7090",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.3,
        "x": 0.03,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "Note: Emphasis added. 1) Suncor Q4 2024 Earnings Call, February 6, 2025.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f763fede-b63a-408f-896d-d4048eb5fbf7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.48,
        "w": 0.94,
        "x": 0.03,
        "y": 0.18
      },
      "kind": "table",
      "text": "Comparison of Suncor vs Phillips 66 across 4 categories: Leadership, Financial Targets, Disclosure, and Operational Focus.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "acc46277-c802-4048-83a7-3909f4cdad9f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.94,
        "x": 0.03,
        "y": 0.06
      },
      "kind": "title",
      "text": "PHILLIPS FALLS SHORT OF BEST PRACTICES IN ATTEMPTING A TURNAROUND",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f18857d9-5022-4db5-bac9-b2fb5af8c8e0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Peer gap chart",
      "slug": "peer-gap",
      "agent": null,
      "layer": "document",
      "matchId": "019dda04-ebbd-733e-a735-a1b2745dd3c2",
      "evidence": "page_metadata.slide_type = peer_gap",
      "confidence": 0.95
    }
  ],
  "frameworks": [
    {
      "name": "comparison-frame",
      "slug": null,
      "matchId": "696d5794-8bc4-4d23-8f0d-15c07375d545",
      "evidence": "Side-by-side comparison of Suncor and Phillips 66 against a central set of best practices.",
      "confidence": 0.95
    }
  ],
  "arcBeats": [
    {
      "to": 34,
      "from": 17,
      "beatId": "5fd9f678-d137-462d-8f1d-1a05b46622bc",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Agitate",
      "beatSlug": "problem-agitate-solution-agitate-make-it-worse",
      "evidence": "The deck agitates the problem by highlighting the company's poor commercial function and failure to deliver on initiatives",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Development",
      "parentBeatSlug": "development"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}