Why are people still working for Phillips 66. No one is making any one of us to stay!
Feeling Guilty
I have to admit I’ve been feeling a little guilty about spending too much time day trading PSX and talking to recruiters for other companies. But then I heard about the ELT’s trip to Aspen and all the other cr-p that they pull. Nothing is too good... — read more
Dr-g Policy
What is the company’s policy on mari--ana? Do they still test HQ employees?
Untethered
I was listening to a podcast and the discussion was with a management consultant. I think they summed up the issue with Phillips 66 and this management team: “…the macro implications of a society that is maximizing profit is that it's going to be... — read more
Hello from Aspen
Hearing that our ELT had just returned from time away in Aspen together. While we never see them here in Houston and never take meetings off the executive-only floors, they apparently need fresh mountain air to recover from the rigors of their... — read more
Next round timing
Anyone have any idea when the next round of layoffs might start?
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
Layoffs are not our biggest issue
Why are people getting fired lately for what I can only call bullsh-t reasons? Two folks I know have been kicked out in the last two months. I'm now starting to worry they've decided severance is too expensive and will be getting rid of us using... — read more
$100 Gap with MPC
I know, share price means nothing.
About that abrupt exit….
So what was the official reason for the CCO’s sudden teleportation out of the building?
It’s Been Quiet
It’s been pretty quiet at P66 lately. Is this the calm before the storm?
$90 Gap with MPC
But don’t sweat it. We are going to have a monster quarter I am sure. Will put all doubters to rest.
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
I Read it so You Don’t Have to
I read the Annual Report this morning so none of you has to. It just repeats the same junk talking points that Go Go always spouts out. That 5 minutes I’ll never get back.
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!
Phillips 66's Rank - WSJ - The 2026 Best Companies for the Future
The Wall Street Journal evaluates how leading US corps stack up in 6 areas: AI readiness, innovation, talent readiness, financial fitness, resilience and agility. Phillips 66 ranks #408 overall with an Overall Score of 42.2, placing it 19th out of... — read more
I couldn't help but notice today
This lonely Phillips 66 station! Not a single car at the pumps or customers inside. Located across the street from a competing station with 4 times the amount of traffic. https://imgur.com/a/8w7MaHx Moral of this story, the P66 brand su-ks.
$85 Gap to MPC
M@rk, Kev, and Sean, You can go to all the conferences and spin the story how you want, but it is not working. Results speak louder than spin. Investors are not buying it.
All Cattle, No Hat
When a clown moves into a palace, he doesn’t become a king. The palace becomes a circus.
$82 gap with MPC
Our closest competitor is ki-ling us.
How often does this happen?
I was selected for a in house project to replace a old computer system. Being old we had low on parts, also the reliability was very low. If I’m going to do this right why not find out where the bottlenecks are and get a wish list and try to do my... — read more
To Someone Wants to Switch Team
Make sure you do some research on the team before making a switch. I’ve heard of teams with ongoing management concerns, including one where the manager has been out on maternity leave for extended periods almost every year for the last 3-4 years and... — read more
Corporate Jargon
Anyone else read the corporate jargon email from Mr. Tractor today? The ELT wants us to build on three enterprise skills….which will lead to us being rewarded with what exactly? No one can be promoted anymore because of our terrible new HR model. ... — read more
Glassdoor CEO Rankings
While not totally indicative, Glassdoor rankings of CEOs are used by Elliott and others in assessing how real employees feel about CEOs and their performance. Looking at Glassdoor, here is how Phillips 66 stacks up in the industry regarding approval... — read more
Go-Go is Going to Have to Hurry Up!
Go-Go has been saying for a while now that the “Transformation” that he’s inflicted on the company are going to show real results in the year 2027. Things are going to have to pickup pretty soon because we’re nearly 5 months into 2026 and our stock... — read more
Taking Yourself too Seriously
Thanks for sitting down with the Houston Business Journal, M@rk. Another example of time away from the office to manage your image while the CEOs at MPC and VLO are in the office leading. And “responding to what the world needs” is an example of... — read more
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
Dancin’ Around
Did anyone else see the post where the Chief Digital Officer was just dancin’ around at some Good Energy Event? I didn’t see her doing any actual work. This was posted on LinkedIn.
$76/share gap to Marathon
Board, I know you are meeting tomorrow. This trend has to stop. Whatever polish this ELT tries to put on it, you need to hold them accountable. YTD, PSX is up 36% while MPC is up 55% 1 year, PSX is up 58% and MPC is up 67% Chemicals is up 70%... — read more
CMLVA..EE..I..E..I..O
So what’s the deal with losing two senior leaders in a week? Are we finally seeing BM clean up shop before “retiring” as has been rumored for several years now? MH is probably tired of waiting to takeover.
Periodic Reminder
This is the periodic reminder that while L and D field advisors are performing well the same can’t be said for their leaders and so called directors who don’t do much of anything. This bad performance starts with Tractor Man and goes all the way... — read more
LCR Townhall
“I’m a true believer after what’s transpired in the last couple months that our commercial organization has absolutely ki-led it.” -GoGo
Earnings Take
Debt has ballooned to $27B -- more than $6B higher than at the end of 2025 Cash from operations at a loss of $2.3B for the quarter Cash from operations ex working capital of $700MM Debt to cap of 48%! - this is a BB+ to B- rating (speculative... — read more
Dividend vs employee pay
Curious perspective: The company has all but ki-led chances of promotion with this new approach to business approval for increase of an individuals grade. You need to have some serious power behind you now if you want that next pay grade - GOOD... — read more
Trader salaries
Does anyone know how much Houston P66 traders get paid for total comp of base and trader bonus?
Just Photo Ops?
Recently P66 and/or employees have posted pictures of Go-Go performing Good Energy. I wonder if he actually performed any work or if he just stayed just long enough to get his picture taken and then left the job site?