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  "documentTitle": "Phillips 66 (PSX)",
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      "text": "We see a potential gain of 65% or more to Phillips 66’s stock price from the “Streamline 66” plan.",
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      "text": "Potential gain of 65% or more to Phillips 66's stock price from the \"Streamline 66\" plan.",
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      "text": "Representative companies where Elliott has helped improve performance: Marathon, Hess, NRG, Suncor.",
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      "text": "stock price upside: 65%",
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      "text": "We are writing to you on behalf of funds managed by Elliott Investment Management L.P. (\"Elliott\"). Like you, we are investors in Phillips 66. We believe Phillips 66's stock price is deeply undervalued today.",
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      "text": "(1) Source: Bloomberg as of February 7, 2025. (2) Price target is based on Elliott's internal calculations.",
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