Matching slides 110,355
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Slide 1
This is the first page of a shareholder letter, serving as an executive summary of the activist campaign.Phillips 66 (PSX) · Elliott Investment Management
Shareholder letter Activist investor Beat · Problem1 hit
03
This is a page from an activist investor letter (Elliott) criticizing Phillips 66 management and board structure.Phillips 66 (PSX) · Elliott Investment Management
Shareholder letter Activist investor Beat · AgitateLoop · The Reveal1 hit
04
Uses authority bias by citing academic experts and industry veterans to discredit the company's board.Phillips 66 (PSX) · Elliott Investment Management
Shareholder letter Activist investor Beat · AgitateLoop · The Reveal1 hit
06
Uses a combination of bar chart (EBITDA) and area chart (TSR underperformance) to show the inverse relationship between the pivot strategy and shareholder returns.Phillips 66 (PSX) · Elliott
Activist deck Activist investor Loop · Cost Of Inaction1 hit
125
The slide uses direct investor feedback to counter management's narrative regarding divestment.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
126
The slide uses a series of case studies to establish credibility and counter potential arguments against the activist's proposed strategy.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
132
Includes detailed tax leakage and net proceeds calculations for each transaction scenario.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
133
Contains multiple sub-tables: Net Cash Proceeds, Pro-Forma Share Count, Pro-Rata Debt, and Cash position.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
134
Includes multiple tables detailing segment-level EBITDA, multiples, and reconciliation to equity value and share price upside.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
135
The table provides the specific weightings used for TSR calculations across different historical valuation dates.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
137
The slide presents historical financial data for three companies to compare their Return on Capital performance.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
138
Part of an appendix showing peer financial performance metrics.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
141
This is a screenshot of a LinkedIn or similar social media advertisement.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
142
This is a screenshot of a LinkedIn/social media ad campaign.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
143
This is a social media ad creative (LinkedIn) used by an activist investor.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
145
This is a screenshot of a social media post (Streamline 66) featuring a quote card.Phillips 66 (PSX) · 02_Elliott_Management
Activist deck Activist investor 1 hit
04
This is a social media advertisement (LinkedIn) used as a proxy for a regulatory filing slide.Phillips 66 (PSX) · 02_Elliott_Management
Regulatory filing Activist investor Beat · Closing AskLoop · Cost Of Inaction1 hit
09
This appears to be a collection of campaign assets or social media tiles for an activist investor campaign.Phillips 66 (PSX) · 02_Elliott_Management
Regulatory filing Activist investor Beat · Closing Ask1 hit
10
The slide is presented in two color variations (dark and light mode).Phillips 66 (PSX) · 02_Elliott_Management
Regulatory filing Activist investor Beat · Closing Ask1 hit
11
The slide uses aggressive, confrontational language typical of activist investor proxy fights.Phillips 66 (PSX) · 02_Elliott_Management
Regulatory filing Activist investor Beat · Closing Ask1 hit
03
This is a screenshot of a LinkedIn-style sponsored post used for activist investor communication.Phillips 66 (PSX) · 02_Elliott_Management
Regulatory filing Activist investor Beat · Problem (Identify pain)1 hit
10
Includes a stock performance chart comparing PSX to peers (MPC, VLO).Phillips 66 (PSX) · 02_Elliott_Management
Regulatory filing Activist investor Beat · Agitate (Make it worse)Loop · Cost Of Inaction1 hit
02
The slide is a screenshot of a tweet from the 'Streamline 66' account.Phillips 66 (PSX) · 02_Elliott_Management
Regulatory filing Activist investor Beat · ProblemLoop · Cost Of Inaction1 hit
04
This is a screenshot of a social media post (Twitter/X) used as a regulatory-style communication.Phillips 66 (PSX) · 02_Elliott_Management
Regulatory filing Activist investor Beat · Evidence & ProofLoop · Precedent1 hit
04
The chart uses a red line to emphasize the negative performance trend.Phillips 66 (PSX) · Elliott
Activist deck Activist investor 1 hit
07
The slide uses a series of pull-quotes to establish a narrative of success that the activist likely intends to refute in subsequent slides.Phillips 66 (PSX) · Elliott
Activist deck Activist investor Beat · Expose Contradiction1 hit
09
The slide uses a 'before-after' style bar chart to illustrate potential value creation.Phillips 66 (PSX) · Elliott
Activist deck Activist investor Beat · Expose Contradiction1 hit
10
Uses a 'before-after' logic applied to a peer comparison framework.Phillips 66 (PSX) · Elliott
Activist deck Activist investor Beat · Expose Contradiction1 hit
12
Uses a red-to-yellow arrow graphic to frame the choice between the current state and the proposed activist path.Phillips 66 (PSX) · Elliott
Activist deck Activist investor Beat · Expose Contradiction1 hit
15
Uses a 'Villain Critique' style to contrast management claims with market performance data.Phillips 66 (PSX) · Elliott
Activist deck Activist investor Beat · Expose Contradiction1 hit