Elliott recently increased its stake in PSX and now owns ~16 million shares. So they’re not going anywhere.

Phillips 66 offers good pay and good benefits. And before the Go Go regime took over it was a relatively satisfying place to work. Now with the failure of BT. WEP, and never ending layoffs it’s sad place to work. Morale is at rock bottom. Employee... — read more 

It's been kind of quiet lately, a calm before the storm?

There are a couple of new stories out of California today. Phillips has settled a wage theft case for ~$12 million. This involves requiring employees to dress out early without being paid, deducting pay for lunches even when the lunches were... — read more 

Former laid-off employee here. P66 management deserves this for the sh*t show https://natlawreview.com/article/massive-6049-million-verdict-landmark-trade-secret-case

I’m hearing that CP Chem is really having problems right now. I can’t help but think that Go Go was the CEO of that company only few years ago. He even bragged about how great successful that BT was. I hope epilogue is not prologue at P66.

Nice to know that HR is hiring a Sr recruiter when they are not busy laying off good people. Probably need to staff up the HR Team to lay people off faster and bring in cover up teams for the bungling VP HR

Is there any truth to those rumors?

ConocoPhillips is leaving Bartlesville by end of 2026. Will we follow and leave to?

Anyone else in projects around the company got meetings today?

Because we convincingly won in our proxy contest, ML thought it wise to host a party in NYC to celebrate with the core team and the BOD. Can’t make this sh*t up.

Are we selling a stake to BP? Why? https://www.ctol.digital/news/phillips-66-800m-verdict-biofuel-trade-secrets/

Propel seeks $1.2 billion

This is the periodic reminder that while L & D continues to have good employees at the different locations, L and D “Leadership” continues to perform very poorly.

Phillips 66 (P66) is truly an sad place to work for , how do you think escorting people out like criminals who have worked tirelessly for you (12 hours a day for a measly pay you can make at McDonalds) would boost morale. What happened to a 1 month... — read more 

Heard few let go in Houston today Any other sites?

Close Bartlesville. Just cheap labor and hillbil--es there!

CNBC had the CEO on Squawk Box yesterday to discuss 2nd quarter earnings. My question is why? Companies report earnings every day. Our earnings were ok but not close to being spectacular so why give publicity to just another company reporting... — read more 

I’m a little surprised that the 2nd quarter earnings beat expectations even though the analysts had lowered expectations a week or so ago. We still didn’t make as much as VLO and they don’t even have chemicals or big midstream operations. One... — read more 

Any other groups get let go today.

At the rate employees are dragging up at the Borger Refinery, will the last one to leave turn off the lights and lock the doors?

No taxes on Ot means zero incentive to ever become mgmt again

Once upon a time you joined a company and the work wasn't glamorous, but it was doable. You had a desk, a team, a boss. Healthcare was generous. Income to pay for a household's worth of expenses and the requisite two vacations per year. Defined... — read more 

I have heard multiple rumors on the cuts coming. Not just in IT, but everywhere. Capital is likely just the start. It feels like many groups have been putting off filling open roles because of it. What is everyone's best guess? I feel like the week... — read more 

Since we're no longer doing research, is there any word on the future of the BTC?

Go Go said at an energy conference that employees are really buying in to BT and because there are fewer employees they are getting more done and their jobs are more enjoyable. Surely he doesn’t really believe that!

Have heard of three so far today following the announcement this morning. What's everyone seeing? Gotta love central projects managing sample stations and minor jumpers. That will definitely improve efficiency.

Anyone stay at the new hotel on the stone?

We have traded poorly vs MPC and VLO since the Elliott vote. In the past month chemicals has sold off vs refiners due to the terrible margin environment and outlook. Today is an example where refiners are up and we are trading down with the... — read more 

Any truth on more cuts?

As to RH being confused on why safety keeps coming up in the comments despite metrics improving: We aren't being listened to when we have safety concerns. We are being told we're going to run at X. We say it's going to cause RVs to lift, it's going... — read more 

I'm hoping to hear from two groups: *Former Employees *Current employees who are in contact with Former Employees My questions: *How are things on the other side? *Without risking your anonymity, what makes your current employer/job better or worse?... — read more 

Back when- Phillips management was hoarding cash- along came Pickens and a few more- tried to take over the company and get all that cash, then sell us off as needed- Phillips had to go to its employees to back them up and stop Pickens- as a result... — read more 

After 13 years here, I never thought I’d leave. I finally took a leap on a new job a few weeks ago, and while it’s not perfect, shaking things up was worth it. Change is scary but sometimes necessary. If you're as unhappy as I was, give it try. It... — read more 

Tell me, what else has been done to move the company forward, besides inflating the numbers through closures and cuts? Please, I’m all ears.

The company plans to begin layoffs at its LA refinery in Dec, following its earlier decision to close the 139K-barrel-per-day facility by the end of 2025. The place which employs around 600 workers and 300 contractors, will start reducing its... — read more 

My question to Mr. Lashier, ELT, and the Board. If you truly believe that being an integrated energy company is the best vision; then why not put YOUR money where your mouth is a buy? I mean actually buy PSX shares from your personal cash like... — read more 

Saw that Target Stores recently got rid of two DEI champions - one of whom was Targets Chief Legal Officer and Chief Compliance Officer. Maybe the time has come Phillips.

Phillips 66 (NYSE:PSX) has around 600 employees and 300 contractors at the refinery. Some of the retained employees are expected to be transferred to the Los Angeles marine oil terminal, according to... — read more 

Go Go’s recent extension of “a heart felt thank you” is very valuable and meaningful. It’s so valuable that it and $2.69 will get you a gallon of regular gasoline.