Today’s poor 4th quarter 2024 earnings result is further proof that Businesses Malformation is not working!
Someone please turn it off!
10 replies (most recent on top)
Another good quarter for VLO and MPC in refining and we were not good despite trying to spin it that way on the earnings call. How long can this go on before we do the right thing and bring in new refining leadership?!
How's that digital transformation working out for ya? Reality check, the cloud is expensive.
The real problem at Phillips 66, management at ALL levels.
From what I see in the last few years we should sell/spin off the refining segment and watch them crater. Midstream is where it's at. Also little old chemicals seems to be chugging along while Shrll and Dow lost money.
SELL
Agree. Simplify the messaging and if “the street” doesn’t like something that’s not handed to them on a silver Ivy League platter, let them deal with it. Catering to Wall Street is thankless. “Investors” can bloody eff off,
What a call. What struck me today is just how complicated our story has become. So many questions and nowhere for analysts to really focus the questions. Midstream, to market, to refining, to renewable diesel, back to refining, to marketing, back to refining costs, to capital structure, to commercial growth…It is just too much. Time to simplify the segment structure and get focused and control the narrative. If we can’t, maybe it is time to break the company up.
It is also time to reduce the number of speakers on the call and better control the messaging. We came across very defensive when pressed for details or annoyed when challenged on capital allocation priorities. It might be time to get a new head of IR to challenge the way we think and the way that we message to Wall Street. We keep doing the same thing quarter after quarter and it is not working.
Propel's triple penalty has not been counted?
All investors should be demanding an independent audit of claimed BT money. Seen it a thousand times where the RLT pushes big numbers through that aren't backed by any process or lab data.
ELIOTT please intervene start with CEO he is useless and majority of ELT .
Leaders group who is su-king up to ELT members . Things they do not follow they print and show case it in conference rooms like ‘working for greater good’ we all can see everyone is working for their own good.