Our earnings would be in the toilet if it wasn’t for the mess in Iran.
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@ax yikes.
To put that in perspective, if PSX would have performed as MPC, share price would currently be ~$298. So a $49 gap in performance or roughly $20B in market value.
Think about that. Huge miss by this management team that needs to be addressed. Still holding out hope that Elliott finishes off this board and management team this next proxy season
Performance looks amazing…until you compare it against Marathon and Valero.
YTD:
PSX +93%
MPC +132%
VLO +122%
Exactly. Or maybe it is our stellar integrated portfolio and outstanding management team.