Topics regarding layoffs at Phillips 66

Topics regarding layoffs at Phillips 66

P66

I just read a long article on Seeking Alpha. It basically said what a lot of people here have been saying about the CEO and that no-one believes P66 can reach the goals it has set for itself. It pretty much tore the ELT a new one. It says it will... — read more 

WRB Divesture to Cenovus

Cenovus is taking ownership of WRB. Validated thru anonymous person with connections to McKenzie.

by
| 3160 views | | 15 replies (last January 26, 2024)
Post ID: @OP+1qFmOgiK

BT 4 bayway 0

One year since BT and 4 major incidents on the east coast. Anyone associated with McKinsey and these initiatives should be fired.

by
| 992 views | | 1 reply (January 22, 2024)
Post ID: @OP+1qEcj3TX

CEO and Company Coming to Borger?

Mandatory Town Hall February 13th right before VCIP announcement. Seems suspicious to some about a possible sell out announcement. Any insights or rumors from others?

Goldman Sachs Conference

I just finished watching the webcast and reading the transcript of the Goldman Sachs Energy Conference that P66 participated in on Thursday the 4th. It seemed to me that the question/answer session was staged as if the P66 reps had been coached on... — read more 

Any Details?

Are there any details on the non-core assets that P66 is in talks to sell?

Hoping

Here’s to hoping 2024 will be a better year for the P66 employees than the last 2 have been!!

by
| 1430 views | | 1 reply (January 1, 2024)
Post ID: @OP+1qkfOdct

Margarita Machine's coming 2024!

I have it on good authority that Margarita Machine's will be installed at ALL office locations throughout the 1st Quarter of 2024! This is part of the 2024 capital budget and aims to increase productivity and employee confidence in the... — read more 

by
| 1790 views | | 7 replies (last January 11, 2024)
Post ID: @OP+1qj70XVJ

Dysfunctional

In my job I interact with a number of groups. None of the groups are performing as well as they were pre Transformation. With that being said, Learning and Development is by far the poorest performing group I’ve encountered to date.

by
| 1710 views | | 4 replies (last December 24, 2023)
Post ID: @OP+1qcp2z0u

No Early Release in Bville

What a great way to help ki-l what little positive morale this place has. Not giving employees early release for Christmas due to “the holiday being on a Monday.” Not sure what Monday has to do with it, but I hope they know there will be zero work... — read more 

It’s Not BT

I’m sure many of you have noticed that our stock has been doing very well recently. This is due to a number reasons, chief among them is the sector as whole has been gaining and the announcement by Elliott of its interest in the company. One thing is... — read more 

by
| 1341 views | | 3 replies (last December 21, 2023)
Post ID: @OP+1qaZajnZ

Just Think

Well, as we head into 2024, I can’t help but wonder what might have been if P66 had spent the last 2 years getting the refineries to run safely and reliably. That’s not to say we couldn’t have done a couple of things that came out of BT, most notably... — read more 

by
| 1401 views | | 3 replies (last December 20, 2023)
Post ID: @OP+1q9A8C2f

Company now paying for a Houston Rodeo volunteer party

https://www.rodeohouston.com/houston-livestock-show-and-rodeo-announces-first-ever-volunteer-appreciation-day-presented-by-phillips-66-on-march-7-2024/ Gee, my manager wouldn't wish me a happy 50th birthday but the company can pay for a huge party. ... — read more 

by
| 1540 views | | 6 replies (last December 22, 2023)
Post ID: @OP+1q69jGqK

It’s Gone Quiet

It’s gone quiet about Elliot the last few days. Is anyone hearing anything through the company grapevine?

by
| 1460 views | | 3 replies (last December 16, 2023)
Post ID: @OP+1pVmQdH4

Why Not?

The investors obviously have confidence that Elliot can do what they say they’re going to do as evidenced by PSX stock gaining ~10 dollars a share in just the last few days. So why fight them on this by hiring high priced advisors? Just give them... — read more 

Sell Houston HQ

Move everyone back to Bartlesville and run the company with hard working folks. Sell the dump in Houston Drain the Swamp

Summary of resent employee survey?

Can anyone give some highlights of the most resent employee survey? What are employees’ concerns about the company? In the recent past it has all been about soft quality of work environment (flex time, working from home, pet insurance, L&D, etc)? — read more 

by
| 1360 views | | 2 replies (last November 30, 2023)
Post ID: @OP+1pQfHIHE

P66 comment to the Elliott Management letter

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX) today issued the following statement regarding a letter from Elliott Investment Management L.P. (Elliott): The Phillips 66 Board and management team welcome the perspectives of our shareholders and... — read more 

P66 - Elliot Investment Management

There’s big news this morning regarding Elliot. This group has acquired 1 billion dollars worth of P66 stock and have written a letter to the Board of Directors demanding several changes to the way the company does business. The letter says much what... — read more 

Happy Thanksgiving to All

Happy Thanksgiving to all except for the ELT and the lower level buffoons who gleefully do their dirty work for them.

by
| 1630 views | | 5 replies (last December 11, 2023)
Post ID: @OP+1pJsegrp

What 33+ Years Gets You

33+ years with the company and $3.79 will get you a Grande coffee from Starbbucks.

by
| 1810 views | | 6 replies (last December 26, 2023)
Post ID: @OP+1pHkxyQn

Borger Refinery

Does anyone else’s Team Lead keep checking up on union employees? Such as coming to make sure subordinates are not sitting down during a 12 hour shift. Finding frivolous tasks for them do in order to sure the company is getting their moneys worth. I... — read more 

by
| 1650 views | | 4 replies (last November 30, 2023)
Post ID: @OP+1pEmm6EI

Fire Sale - Part 2

At a meeting the other day the Investor Relations guy said that as soon as it was announced that P66 wanted to sell 3 billion dollars worth of assets, his email “lighted up” with companies offering to buy anything P66 was selling. This is most likely... — read more 

by
| 1750 views | | 4 replies (last November 27, 2023)
Post ID: @OP+1pDMVuIL

Red Flags

If you look at the bios of the ELT you’ll see that none of them are original Phillips Petroleum, Conoco, or ConocoPhillips officers. The CEO did start out with PPCO, but he was in CP Chem for a long time. They’ve all knocked around at different... — read more 

by
| 1840 views | | 6 replies (last December 12, 2023)
Post ID: @OP+1pCQ4mSp

Learning Day

If you haven’t read the story about Learning and Development, save yourself a few minutes and don’t bother. Nothing in it bears any resemblance to the way things really are in that group. Training was barely adequate before BT and now it has to be... — read more 

It Goes Both Ways

I’m often asked “why are you so down on the company”,you had a lot of good years with it? I’m reminded of an old saying. It was said that you can have 100 “atta boys” but 1 “eff up” will cancel them out. That’s the way I feel about the company now... — read more 

by
| 1600 views | | 4 replies (last November 14, 2023)
Post ID: @OP+1pwgDIXk

A Real Business Transformation

What if we could choose someone else from the ELT to become CEO? If were to make TR CEO and shut down BT, employee morale would shoot up like never before. We would be inspired again and feel like we could have a real career again. Top performers... — read more 

by
| 1960 views | | 9 replies (last November 28, 2023)
Post ID: @OP+1pw9GCOj

Losing Both Ways

I'm an employee who has been laid off due to BT. So, I have lost my income but at least the PSX stock price has shot up because of the changes brought on by BT so that will help soften the blow and give me time to find other employment. Wait just a... — read more 

by
| 1100 views | | no replies yet
Post ID: @OP+1pvNb1PX

Emerging Energy

This is your periodic reminder that Emerging Energy has gone absolutely nowhere in 2 years and is going absolutely nowhere. This is supposed to be 2 billion dollar a year business.

by
| 1710 views | | 9 replies (last November 13, 2023)
Post ID: @OP+1puU7hRz

Global Clown Hall

Fresh off a super inspiring update and marketing video, I feel more transformed than ever! As it turns out, if you put your three business units in the shape of a red triangle on a PowerPoint slide, you now have a strategy. I’m going to tell my... — read more 

by
| 1860 views | | 5 replies (last November 10, 2023)
Post ID: @OP+1puFfLnV

WRB - Cenovus

I’m hearing the Borger RLT +1 is in a deep panic over the possible sale of WRB to Cenovus.

You Could Have Fooled Me

P66 said on the earnings call last Friday that the employees are “fully embracing BT”. I guess that’s what they get told when they visit the various field locations, but it’s as far from what I’ve seen as you can get. I know a couple of BT Champions... — read more 

by
| 1720 views | | 3 replies (last November 27, 2023)
Post ID: @OP+1plMFjRQ

Start a new thread - post a news comment, question or message:

: