Topics regarding layoffs at Phillips 66

Topics regarding layoffs at Phillips 66

Made Up Positions

As I was browsing through LinkedIn today I couldn’t help but noticing how many P66 employees have what appear to be just made up positions. These are not necessarily highly paid positions but it does seem certain people are being “taken care of”. In... — read more 


Now $105 Gap with MPC

Performance gap is widening. Investors don’t see value in the integrated strategy; reason: there is not an investor base for such a company. You have the majors and then focused companies in refining and midstream. No one buys PSX unless they have... — read more 


Midstream Updates

Does anyone have any insight on what is going on in Midstream! The uncertainty of where leadership is going to land and how that will affect the way that things are currently operating


If you're miserable here, don't stay

Just go. Layoffs are political and cost driven, not about how well you work. If management decides you cost too much and you're not in their circle, you're gone. That's reality. For technical people, staying too long makes your skills outdated and... — read more 


ELT Changes

Rumor has it that Refining and Commercial ELT members are on their way out. Lots of meetings taking place in commercial following the Q1 hole we dug for ourselves. Looks like Mandell will be the one to pay for it, with a “retirement.”


Take a job?

Should I leave a competitor to come work for P66? I currently have 8 years where I’m at now! The why……Currently unhappy with the politics and d-mb ranking system. I know every job has a downfall but unaware of how P66 operates!


KM selling stock and exercising options

If you have been watching the PSX disclosures, you can see that KM has been selling significant shares of stock and exercising stock options. Is he on his way out? I have not seen the other ELT members this active. Is there a change in the wind of... — read more 


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