Thread regarding Phillips 66 layoffs

Which Refinery is next??

From the investor call:

Mark Lashier:

"We're constantly looking at what refining assets belong in our portfolio long term and what is the best way to deal with those that maybe aren't having a long-term future. And you've seen us exit Alliance. It was aided by mother nature, where we're transforming San Francisco into the Rodeo Renewed facility, and we're looking at other things, too, that we're not going to discuss at this point in time."

Transcript:
https://www.marketscreener.com/amp/quote/stock/PHILLIPS-66-10447684/news/Transcript-Phillips-66-Analyst-Investor-Day-42257686/

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| 3431 views | | 5 replies (last November 21, 2022) | Reply
Post ID: @OP+1jFA30oH

5 replies (most recent on top)

They have to get the five to eleven year olds or else they lose their EUA, this is the sole reason they want them. DYODD

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Post ID: @9rua+1jFA30oH

P66 leadership priority is CP Chem. If someone offered enough money then any refinery could be sold. However of the current assets Ferndale is living on borrowed time.

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Post ID: @1dzp+1jFA30oH

Don’t forget about a potential equity swap and offload Wood River to own all of Borger with some cash added.

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Post ID: @1xho+1jFA30oH

LAR or Ferndale if I had to guess.

None at this ten seconds though. Everyone is printing money

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Post ID: @fvk+1jFA30oH

An army officer in Vietnam is said to have said "we had to destroy that village to save it".
It seems P66 ELT is doing and saying much the same things.

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Post ID: @iud+1jFA30oH

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