When a clown moves into a palace, he doesn’t become a king. The palace becomes a circus.

Our closest competitor is ki-ling us.

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 

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 

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 

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 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 

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 

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 

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.

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 

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.

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 

“I’m a true believer after what’s transpired in the last couple months that our commercial organization has absolutely ki-led it.” -GoGo

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 

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 

Does anyone know how much Houston P66 traders get paid for total comp of base and trader bonus?

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?

Charges for personal use of company aircraft as reported in the PSX Proxy Statements: 2026: $271k 2025: $238K 2024: $198k 2023: $266k 2022: $116k Garland, for comparison: 2021: $176k 2019: $73k

Way to go team! Our commercial team over delivered and we got a $900 million loss. Let’s keep this momentum so we can continue to pay our ELT millions!

New manager came in months ago. Still doesn't know who works for him or what anyone does. Doesn't try to learn. Doesn't talk to his people. Just exists. And we're supposed to be okay with that.

Is hiring a multitude of contractors the industry norm or a Phillips culture? Have spoken to quite a few employees that have been contractors for a few years. Is there no push to have permanent employment? Or does anybody have any inside scoop on the... — read more 

I was reading the WSJ about Elon Musk and found this interesting: “For Musk, that (his management philosophy) means latching on to one or two existential issues and riding them week after week. “I used to sit in those meetings, saying I’m pretty... — read more 

Repeated extensions of the open season for Western Gateway is concerning despite the company’s narrative. Why is honesty so hard for this company to embrace? Reverse psychology 101; “due to high demand and interest”. Really? One would think those two... — read more 

Did I read the official email correctly? All personal email and cloud sites will be blocked on our browsers as of 4/4/2026?

The recent surge in share prices are not a reflection of the market now thinking Phillips 66 is a better investment than peers. YTD we are trailing all refiners, including PBF, Delek, and even CVR and are right in line with the broader S&P energy... — read more 

Scene: Corporate office conference room. A banner reads “Forward Together.” It’s hanging slightly crooked. ⸻ EMPLOYEE: Mr. Go-Go, thanks for sitting down with me. Employees have some questions about the company’s direction over the last few... — read more 

P66 is is speaking at the Piper Sandler Energy Conference next week. Go-Go usually talks about 95% of Phillips allotted time at these things but this time he’s not listed as a speaker. Just the Refining VP and the Saucy CFO.

P66 is literally a dumpster fire. I am utterly amazed that industry reporting and publications are remaining so silent. It could be that entities or people that stand to lose a lot are pushing the stock price up to get out. Make no mistake, there are... — read more 

We need to be clear: controllers will not be relocating to Tulsa. This move would result in the loss of critical experience that safe pipeline operations legally depend on every day. Seagull needs to fully understand this reality. Our position on... — read more 

P66 has announced that 2 new directors have been appointed to the Board of Directors. I don’t know anything about them but Elliott says they’re pleased with the appointments. If they’re pleased I’m pleased.

Go Go and company have been traveling around the country talking to investors. They’re trying very hard to sell them on how great having midstream and chemicals is. And maybe it is. The thing is P66 is a refiner before anything else. Refining is... — read more 

It’s striking how the true heartbeat of many companies the frontline workers in blue-collar roles rarely voices complaints about lack of recognition. Yet those in office based positions often amplify their own grievances about feeling undervalued or... — read more 

What is going on with the continual stream of postings on LinkedIn with our executives at charity events, groundbreaking ceremonies for non-profits, opening of trading floors at a university, and Leaders Group members discussing risk, AI, and... — read more 

M@rk, please wake up and see who is running this company: Your head of HR is an emperor with no clothes. Your CFO is a washed up hack that does not develop people and is coasting. He also does not live our values. Your head of IT is in WAY over... — read more 

What's going on in IT? Two years ago there was one VP/GM position, the CIO, although they were approved for two. Now there are three VPs, including the CIO; the second VP position (then GM) was filled in 2024. That's a big increase in comp as VP's... — read more 

So a senior vice president takes a leave of absence?! He was a rising star but even he is disenchanted with Phillips 66 and the money is not enough to retain him. That or he was forced out. Who takes a leave of absence at that level?

I’m hoping someone in management will read this and wonder why we have Refining PCN doing the majority of IT infrastructure, and IcS staff at sites are pretty much useless and do very little of the core business. It’s the biggest waste of resources... — read more 

I'm thinking it's a certainty by now, but if I'm wrong, please let me know.

I’m not going to say our execs are perfect by any means. But just look at what Elliott did to Southwest Airlines. Absolutely horrific. They’ll do the same to us https://x.com/airlinegeeks/status/2021708971283734918?s=46