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      "text": "Streamline Portfolio: Sell or spin Midstream, sell CPChem interest, sell German/Austrian JET retail. Operating Review: Ambitious refining targets, target EBITDA per barrel in line with VLO/MPC. Enhanced Oversight: Add independent directors, review management.",
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      "text": "Source: Bloomberg. Note: Estimated potential upside based on indicative valuation calculations presented in the appendix. 1) Required assumptions for “Marathon Path” scenario can be found on slides 39 – 40.",
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