I’m a little surprised that the 2nd quarter earnings beat expectations even though the analysts had lowered expectations a week or so ago. We still didn’t make as much as VLO and they don’t even have chemicals or big midstream operations. One... — read more 

Any other groups get let go today.

At the rate employees are dragging up at the Borger Refinery, will the last one to leave turn off the lights and lock the doors?

No taxes on Ot means zero incentive to ever become mgmt again

Once upon a time you joined a company and the work wasn't glamorous, but it was doable. You had a desk, a team, a boss. Healthcare was generous. Income to pay for a household's worth of expenses and the requisite two vacations per year. Defined... — read more 

I have heard multiple rumors on the cuts coming. Not just in IT, but everywhere. Capital is likely just the start. It feels like many groups have been putting off filling open roles because of it. What is everyone's best guess? I feel like the week... — read more 

Since we're no longer doing research, is there any word on the future of the BTC?

Go Go said at an energy conference that employees are really buying in to BT and because there are fewer employees they are getting more done and their jobs are more enjoyable. Surely he doesn’t really believe that!

Have heard of three so far today following the announcement this morning. What's everyone seeing? Gotta love central projects managing sample stations and minor jumpers. That will definitely improve efficiency.

Anyone stay at the new hotel on the stone?

We have traded poorly vs MPC and VLO since the Elliott vote. In the past month chemicals has sold off vs refiners due to the terrible margin environment and outlook. Today is an example where refiners are up and we are trading down with the... — read more 

Any truth on more cuts?

As to RH being confused on why safety keeps coming up in the comments despite metrics improving: We aren't being listened to when we have safety concerns. We are being told we're going to run at X. We say it's going to cause RVs to lift, it's going... — read more 

I'm hoping to hear from two groups: *Former Employees *Current employees who are in contact with Former Employees My questions: *How are things on the other side? *Without risking your anonymity, what makes your current employer/job better or worse?... — read more 

Back when- Phillips management was hoarding cash- along came Pickens and a few more- tried to take over the company and get all that cash, then sell us off as needed- Phillips had to go to its employees to back them up and stop Pickens- as a result... — read more 

After 13 years here, I never thought I’d leave. I finally took a leap on a new job a few weeks ago, and while it’s not perfect, shaking things up was worth it. Change is scary but sometimes necessary. If you're as unhappy as I was, give it try. It... — read more 

Tell me, what else has been done to move the company forward, besides inflating the numbers through closures and cuts? Please, I’m all ears.

The company plans to begin layoffs at its LA refinery in Dec, following its earlier decision to close the 139K-barrel-per-day facility by the end of 2025. The place which employs around 600 workers and 300 contractors, will start reducing its... — read more 

My question to Mr. Lashier, ELT, and the Board. If you truly believe that being an integrated energy company is the best vision; then why not put YOUR money where your mouth is a buy? I mean actually buy PSX shares from your personal cash like... — read more 

Saw that Target Stores recently got rid of two DEI champions - one of whom was Targets Chief Legal Officer and Chief Compliance Officer. Maybe the time has come Phillips.

Phillips 66 (NYSE:PSX) has around 600 employees and 300 contractors at the refinery. Some of the retained employees are expected to be transferred to the Los Angeles marine oil terminal, according to... — read more 

Go Go’s recent extension of “a heart felt thank you” is very valuable and meaningful. It’s so valuable that it and $2.69 will get you a gallon of regular gasoline.

The CEO mentioned in a LinkedIn post that ~82% of employees voted with board in the proxy battle. I know the company is not supposed to know how any particular shareholder voted, but if they know how a group voted it might not take much effort to... — read more 

Any proxy fight that results in nominees from the outside getting appointed is a loss and an indictment of management. That's IR 101. The outcome says the institutional investors don't think Elliott's plan is necessarily the right track but something... — read more 

It’s easy to be down because Elliot didn’t get their full slate of 4 board members elected. But they get 2 when no other shareholder activist has been able to get 1 member elected. This is in spite of the fact that Vanguard, Black Rock and State... — read more 

Michael Heim (from Targa) elected to Phillips 66 Board

“BIG NEWS: Phillips 66 $PSX survives shareholder vote against Elliott: 2-2 split, sources tell @semafor. This despite ISS and GL both endorsing Elliott in its first ever US proxy vote. Prelim results released soon.”

Regardless of vote - there is one conclusion that is pretty much universal - Laisher has got to go. He's a failed CEO. He's done miserably in the shareholder defense. He has no vision or can't articulate it. His commentary on the earnings calls make... — read more 

By this time tomorrow we'll know who won the proxy battle.

In the can’t catch a break category, P66 board structure is taken to task for failing to serve the interests of shareholders. Nothing shocking here, just evidence of the company leadership’s insular... — read more 

Phillips 66 has pleaded not guilty to unlawfully dumping wastewater in California. Come on Phillips, just own up to what you did and do better in the future. And while you’re at it, settle with Propel for what you were found guilty of doing to... — read more 

Elliott has raised their stake in P66. Do they know something?

For the gambling types, after Elliot wins the proxy and "retires" the current ELT, who will be the next CEO? Greg Goff - Amber Energy Gary Simmons - Valero Rodney Dilon - Flint Hills Resources Eric Zimpfer - Cenovus Tim Roberts -... — read more 

The company’s LinkedIn page just posted some nonsense about solar panels, all while Ellliott is picking up steam on a “concentrate on refining” message. Joe out of touch can you be?? Hopefully Elliott is taking notes on who is supporting “the white... — read more 

https://www.businesswire.com/news/home/20250513093473/en/Phillips-66-Issues-Statement-Following-Glass-Lewis-and-ISS-Reports

Elliott has picked up another endorsement from a proxy advisory company, a company by the name of Investor Shareholder Services, ISS. This time the endorsement is for all 4 board candidates.

lmao if this doesn't lay bare the corruption and incestuous nature of corporate governance.... what qualifications or credentials does ZG possess to guide a tractor company?... — read more 

Forced or realization she fu---d up the company? Elliot gonna take over now?