Go Go and company have been traveling around the country talking to investors. They’re trying very hard to sell them on how great having midstream and chemicals is. And maybe it is. The thing is P66 is a refiner before anything else. Refining is... — read more 

It’s striking how the true heartbeat of many companies the frontline workers in blue-collar roles rarely voices complaints about lack of recognition. Yet those in office based positions often amplify their own grievances about feeling undervalued or... — read more 

What is going on with the continual stream of postings on LinkedIn with our executives at charity events, groundbreaking ceremonies for non-profits, opening of trading floors at a university, and Leaders Group members discussing risk, AI, and... — read more 

M@rk, please wake up and see who is running this company: Your head of HR is an emperor with no clothes. Your CFO is a washed up hack that does not develop people and is coasting. He also does not live our values. Your head of IT is in WAY over... — read more 

What's going on in IT? Two years ago there was one VP/GM position, the CIO, although they were approved for two. Now there are three VPs, including the CIO; the second VP position (then GM) was filled in 2024. That's a big increase in comp as VP's... — read more 

So a senior vice president takes a leave of absence?! He was a rising star but even he is disenchanted with Phillips 66 and the money is not enough to retain him. That or he was forced out. Who takes a leave of absence at that level?

I’m hoping someone in management will read this and wonder why we have Refining PCN doing the majority of IT infrastructure, and IcS staff at sites are pretty much useless and do very little of the core business. It’s the biggest waste of resources... — read more 

I'm thinking it's a certainty by now, but if I'm wrong, please let me know.

I’m not going to say our execs are perfect by any means. But just look at what Elliott did to Southwest Airlines. Absolutely horrific. They’ll do the same to us https://x.com/airlinegeeks/status/2021708971283734918?s=46

As the overlords graciously granted us peasants a “very good” 134% payout for our hard work and “solid financial results”, the board just granted ole GoGo 29,000 more RSUs for his terrific performance in 2025! Let that sink... — read more 

Anyone else sick of ebitda ruining the vcip??

Phillips 66 increasingly feels like four different companies trying to share one identity. Refining behaves like a cyclical market business. Midstream behaves like long-cycle infrastructure. Chemicals operates on global petrochemical... — read more 

Go-Go stated in a recent Barton’s interview that the decent earnings results are a result of all the things that have been done to P66 in the last 4 years. He said “it’s all coming together”. No it isn’t. The earnings are the result of good refining... — read more 

Water fountain rumors are that GoGo and Southernland have been meeting with outside legal teams negotiating an acquisition of P66. Anybody have any insight? Watching the stock trades of the ELT and Board definitely makes one wonder if there might be... — read more 

~80% of employee count.

Wouldn't it be smarter to wait for severance?

Read on LinkedIn that she joined yet another company. Feel sorry for them. She will destroy that company now.

I had comment deleted from the Bartlesville layoff thread. In my posted I discussed how I thought Go-Go and Tractor Man likely feel about layoffs. I guess I struck a nerve with someone because it’s been deleted. It was up for ~24 hours before being... — read more 

Heard of folks being walked out at the research center earlier today. I guess positive financial results means layoffs. Negative results mean exercising the 5% rank and yank provision in the new performance system? Hopefully they give good packages... — read more 

With the release of the E files, ya'll know, I'm not about to type any more details than that... I have to ask. Has anyone searched through our current BoD? Leadership Chain? Or priors who've left? I think we would all love to know the company is... — read more 

Phillips 66 continues to argue that midstream is a stabilizing complement to refining—a business that smooths volatility and anchors the portfolio. That framing sounds reasonable until you look at how differently these businesses actually... — read more 

4th quarter and full year earnings are due out tomorrow. They’re probably going to be very good. But only because refining margins have been pretty good, not because Go Go has done anything worthwhile.

Can we stop these micro layoffs and just do a big one and call it a day? The anxiety of the impending due does not help morale.

Please try to remember this while you are listening to a corporate goon (GoGo) explain why VCIP isn’t great but the best is coming! “During the pendency of any appeal in the Propel Fuels case, Phillips 66 is accruing additional interest liability... — read more 

P66 has been touting their new gas plant prospects, but their new Iron Mesa gas plant is mostly replacing volumes from DCP's disastrous James Lake gas plant purchase and shifting volumes from DCP's awful Goldsmith gas plant. Imagine spending the... — read more 

Does anybody know what advantage is to the company by changing the stock ticker from PSX to PTC?

OMG! Another one of our former ELT is joining A&M. The same BT firm we wasted millions of $$$ on. There must a a conflict of interest or under the table deal. Pay the millions, when BT doesn’t work and you jump ship, just join them. Ethics should... — read more 

Phillips 66 owns a refining system that should be capable of delivering durable, peer-leading returns. The assets are advantaged, the footprint is diverse, and the workforce is experienced. Yet over the past several years, refining has remained a... — read more 

Please post your VCIP guesses below. The closest guess gets a pretend pizza party!

I was laid off a while back. I really messed up during my layoff meeting. I had enough service time to get the maximum severance and had kind of seen it coming and had taken steps to prepare for the next chapter of my career. So I was more or less... — read more 

Anything new on rumors there will be cuts next month?

Sorry to say, well drilling gas virtually stopped and jobs are gone. We are in a recession! Cheap Gas isn’t good for oil companies Expect a lot more layoffs soon. Hearing tons on the street. It will recover in time like it always does, but prepare... — read more 

If integration is the strategy at Phillips 66, then the CFO is where that strategy either becomes measurable—or quietly unravels. Under K3vin Mitchell, management has repeatedly emphasized the company’s commercial strength and trading activity as a... — read more 

Go Go claims that BT has reduced the cost of refining 1 barrel of crude by $1. Any price reduction at all was due to the price of natural gas being at a low price. Now that the price has gone back up there is very little or no cost reduction. BT... — read more 

I can't wait to see what my rating is, and I really look forward to waiting till July to get my increase. It is fun waiting and getting another opportunity to have a second touch point with my boss instead of getting my raise at the beginning of the... — read more 

Phillips 66 presents itself as an integrated downstream energy company—one designed to balance cycles, allocate capital across segments, and deliver more durable returns than simpler peers. On paper, that strategy is sensible. The challenge is that... — read more 

I wanted to understand whether the market is actually buying our integration narrative—or whether repeating it is meaningfully changing how investors who trade PSX perceive the company. To test this, I analyzed daily share price correlations between... — read more 

MOC CFO replaced after just 2 years! Atleast it’s nice to see our competitors actually keeping their leadership accountable!

Phillips 66 is in serious trouble, and it’s no longer honest to pretend otherwise. Over the past four years, not a single major initiative has produced a durable, repeatable positive outcome. Some have shown short-term gains on paper, but none have... — read more 

Now that 2025 is officially over, here is how investors will measure us and how Elliott will be viewing the performance of PSX management relative to others and the S&P: VLO: +36.1% MPC: +19.9% S&P 500: +17.3% PSX: +15.2%