P66 has been touting their new gas plant prospects, but their new Iron Mesa gas plant is mostly replacing volumes from DCP's disastrous James Lake gas plant purchase and shifting volumes from DCP's awful Goldsmith gas plant. Imagine spending the... — read more 

Does anybody know what advantage is to the company by changing the stock ticker from PSX to PTC?

OMG! Another one of our former ELT is joining A&M. The same BT firm we wasted millions of $$$ on. There must a a conflict of interest or under the table deal. Pay the millions, when BT doesn’t work and you jump ship, just join them. Ethics should... — read more 

Phillips 66 owns a refining system that should be capable of delivering durable, peer-leading returns. The assets are advantaged, the footprint is diverse, and the workforce is experienced. Yet over the past several years, refining has remained a... — read more 

Please post your VCIP guesses below. The closest guess gets a pretend pizza party!

I was laid off a while back. I really messed up during my layoff meeting. I had enough service time to get the maximum severance and had kind of seen it coming and had taken steps to prepare for the next chapter of my career. So I was more or less... — read more 

Anything new on rumors there will be cuts next month?

Sorry to say, well drilling gas virtually stopped and jobs are gone. We are in a recession! Cheap Gas isn’t good for oil companies Expect a lot more layoffs soon. Hearing tons on the street. It will recover in time like it always does, but prepare... — read more 

If integration is the strategy at Phillips 66, then the CFO is where that strategy either becomes measurable—or quietly unravels. Under K3vin Mitchell, management has repeatedly emphasized the company’s commercial strength and trading activity as a... — read more 

Go Go claims that BT has reduced the cost of refining 1 barrel of crude by $1. Any price reduction at all was due to the price of natural gas being at a low price. Now that the price has gone back up there is very little or no cost reduction. BT... — read more 

I can't wait to see what my rating is, and I really look forward to waiting till July to get my increase. It is fun waiting and getting another opportunity to have a second touch point with my boss instead of getting my raise at the beginning of the... — read more 

Phillips 66 presents itself as an integrated downstream energy company—one designed to balance cycles, allocate capital across segments, and deliver more durable returns than simpler peers. On paper, that strategy is sensible. The challenge is that... — read more 

I wanted to understand whether the market is actually buying our integration narrative—or whether repeating it is meaningfully changing how investors who trade PSX perceive the company. To test this, I analyzed daily share price correlations between... — read more 

MOC CFO replaced after just 2 years! Atleast it’s nice to see our competitors actually keeping their leadership accountable!

Phillips 66 is in serious trouble, and it’s no longer honest to pretend otherwise. Over the past four years, not a single major initiative has produced a durable, repeatable positive outcome. Some have shown short-term gains on paper, but none have... — read more 

Now that 2025 is officially over, here is how investors will measure us and how Elliott will be viewing the performance of PSX management relative to others and the S&P: VLO: +36.1% MPC: +19.9% S&P 500: +17.3% PSX: +15.2%

It’s been a long time since the last reminder that the “leaders” of L and D are still not accomplishing anything. They are trying hard so I guess they deserve a participation trophy. Bless their hearts.

Do you predict that there will be Phillips 66 layoffs? Any chatter, news or rumors?

181%

Some thoughts as I think about the 2025 capital budget and what it implies at PSX: Same level of spend as prior years, adjusted for their acquisition of WRB. This suggests that PSX views capital spend as a constant and something that has to be... — read more 

I had another posted deleted yesterday. I don't know why. I just mentioned that Elliott has bought some more PSX stock and I'm happy about it.

Closing out the year with a bunch of resignations that look like GoGo house cleanning. Heads of IR, Strategy and Comms -Gov Affairs are all gone. It’s not whose tellin the story. It’s the story!!! Even chuckles can’t spin this

Nearing the end of the year and making some headway. VLO: +33% MPC: +29% PSX: +19% 3 Year: MPC: +91% VLO: +64% PSX: +63%

we are all f@uckd. A lot of Dilbert worthy buzzwords in that robot. Analysts/Elliott, press him and Brian on the dollar value they are actually adding to the market capture. The answer might shock you.

Go Go has a new video on LinkedIn where he talks about great leadership. It’s very short and he just repeats a lot of the same stuff he’s said before. What gets me is how many “likes” it gets from employees.

I hate hearing more rumors about layoffs. Does anybody know where this came from? Any chance it's true or am I just getting stressed over nothing?

We all get it that NGL is a major growth area, but the associated gas is not a focus considering that we are selling off natural gas pipelines. When are we going to acknowledge that the Colorado assets are way too capital intensive to maintain. DCP... — read more 

https://www.ft.com/content/f3ec8172-96da-4ebf-8fe6-80e1c5893286 I’d heard he left. Looks like he got a job with a wallet - maybe he will give Elliot a run for their money and just buy us.

Just out of a staff meeting with my LG member and she was downloading from the Leaders Group meeting they had last week. Apparently Doug Tere77on believes the Elliott argument is not grounded in anything and that he has disproven their thesis and... — read more 

Go-Go has joined the BoD of Motorola.

Job Architecture is an absolute joke. Thought you should know since it's probably not filtering up from AC or the rest of the ELT. With all due respect, touch grass.

Synopsis: “Mark, how can I drink water like you do on CNBC?”

An appeals judge has tossed Phillips’s appeal of the $833 million judgment awarded to Propel Fuels. Heh, Heh, Heh!!!

ConocoPhillips is in the process of executing a huge layoff. One thing they’re doing is offering Expressions of Interest for those employees interested in leaving voluntarily. This will give a number of employees the chance to stay that otherwise... — read more 

Update following 3Q earnings (1year returns) and an updated investor presentation: Delek 142% VLO 32% MPC 30% PBF 25% PSX 13%

What do you think? Are they all as shockingly bad as mine ended up? Email yesterday said 70-90% in line with current responsibilities, mine is literally 0%. It was clearly written for an entirely different industry. It's frankly embarrassing how... — read more 

Here's what will be said at the town hall: The company is performing very well due to BT. All employees are fully embracing BT. Asinine questions from shills planted in the audience Few if any real questions will be addressed Go-Go... — read more 

L and D is posting on various platforms stating what a huge success the Month of Learning was. No it wasn’t, it was the same failure it’s always been since the new group of leaders took over. Everyone I’ve talked to says they didn’t get anything out... — read more 

EVs are now 10 percent of new car sales in the states, what will this industry be in 15 years will it end up like coal?

opening this up for reactions once we release in the morning