Thread regarding Phillips 66 layoffs

VCIP Question Thread!

Last town hall made it abundantly clear that the ELT reads the layoff, so what all do you guys want to ask that you're not willing to put in the "anonymous" Q&A form?

I'll start: We're reporting a lot of margin and cost savings, but it doesn't seem like earnings are reflecting anywhere near what we're reporting. What auditing have we done on what's being claimed in WAVE?

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| 2181 views | | 7 replies (last February 12, 2025) | Reply
Post ID: @OP+1jkp0cqs7

7 replies (most recent on top)

Elliot has joined the chat 🤣

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Post ID: @mc+1jkp0cqs7

Not a question in specific, but management better have a dang good response to Elliott's letter and presentation from this morning.

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Post ID: @jh+1jkp0cqs7

Can we rebrand as Harbor Freight Fuels?

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Post ID: @fx+1jkp0cqs7

“Under your leadership, our stock price has significantly underperformed compared to our peers, and despite aggressive cost-cutting measures, investors have not rewarded these efforts. Meanwhile, employee morale has plummeted due to reduced benefits, delayed raises, salary cuts, and offshoring, while executive perks and salaries remain untouched. We’re a multibillion dollar company, yet soap in bathrooms is now considered a luxury for goodness sake. How do you plan to restore investor confidence and employee engagement without further eroding the workforce that drives this company’s success?”

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Post ID: @e5+1jkp0cqs7

By now, you should all be aware that any questions or discussions on this website will be disregarded, even if read by the ELT, as they do not align with the company's narrative.

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Post ID: @c0+1jkp0cqs7

Has it ever occurred to GO GO that he needs to let go few DEI ELT members instead of laying off small SGL resource. What have they contributed to the company defeated lawsuits, WEP advocate and other consultant figure head . I believe majority of the P66 employees believe GO GO is unfit for CEO role . Mr Garland definitely overlooked and made a huge mistake . Something got to change cannot see P66 surviving next 2 years in his leadership. ELIOTT should fire him.

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Post ID: @b1+1jkp0cqs7

When you became CEO in July 22 the stock price of P66 and Marathon Petroleum were within a few cents of each other.
Today despite the “amazing success” of business transformation and “locked in” cost savings of $1.5 billion the P66 share price remains $30 lower than MPC.

What is the value of your own bonus payment for 2024 for what can only be described as another box 5 performance from yourself in your goal to increase the P66 share price more than our peers.

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Post ID: @aq+1jkp0cqs7

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