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.
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.
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!!
Phillips 66 Layoffs 2024
Will there be any Phillips 66 layoffs? Any chatter, news or rumors?
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
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.
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
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
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
How is the new jersey site @p66
I have an interview for this location and would like to know more about it
It’s Gone Quiet
It’s gone quiet about Elliot the last few days. Is anyone hearing anything through the company grapevine?
VRBO Stoney Island
I mean, think about it.
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
Stock at $130+ you guys made me come out of retirement
Haven't been reading the news too much since I'm old and retired but the past days drama got me reading the news again. at $130+, Elliott, lead the way.
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
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.
What 33+ Years Gets You
33+ years with the company and $3.79 will get you a Grande coffee from Starbbucks.
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
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
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
Org announcement & layoffs
Hearing rumors of org announcement changes and layoffs starting today..
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
Phillips building in Bartlesville-floors 10 to 18 will be empy
https://www.examiner-enterprise.com/story/business/employment/2023/11/14/phillips-66-shuffles-bartlesville-staff-to-reportedly-cut-office-space/71571397007/ Phillips 66 has begun vacating floors 10 through 18 of its Phillips office building... — 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
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
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
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.
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
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