Thread regarding Phillips 66 layoffs

We don't use the word "research" anymore.

Just to remind you, the "controllable cost" Target includes all of the boards bonus. its always over because GoGo and friends keep taking massive bonus'.

Bartlesville offices and Research Center within 5 years ... or less.

i understand the Gov of CAL passed a law to require storage of gasoline in the event of un-planed refinery shut down? Where would they "STORE" finished gas? AND there was a big EPA $$$ fine for water pollution? It kinda looks like California wants to push out all refinery ability by restricting under ground pipe and Railroad delivery of crude! -- I wish the best for Operators in finding new employment!

They've been making money off and on. The big push is because their cost per barrel is mostly what's hurting the average for P66. Closing LAR is basically the whole plan for achieving the BT target controllable cost reduction, as admitted by Harbison at our last department town hall. It's a shame, very short sighted, there's been one too many refineries in the LA basin for a long time now. Watch everyone else's crack in the area jump to 50/bbl once we pull out.

Just had to outlast Valero or PBF, but nope...

The layoffs will impact families of the workers and the local businesses that support the refinery. This will be terrible for the local residents and the community in whole. As bad as this is, don’t blame Philips66. Blame the California voters that voted in government officials that had a mandate to drive out all fossil fuel companies. You can’t expect a company to keep a refinery in operation in this hostile environment. The refinery has no way of covering its cost and actually looses money every year. This outcome is exactly what the majority of Californians wanted.