It’s been a long time since the last reminder that the “leaders” of L and D are still not accomplishing anything. They are trying hard so I guess they deserve a participation trophy. Bless their hearts.

Do you predict that there will be Phillips 66 layoffs? Any chatter, news or rumors?

181%

Some thoughts as I think about the 2025 capital budget and what it implies at PSX: Same level of spend as prior years, adjusted for their acquisition of WRB. This suggests that PSX views capital spend as a constant and something that has to be... — read more 

I had another posted deleted yesterday. I don't know why. I just mentioned that Elliott has bought some more PSX stock and I'm happy about it.

Closing out the year with a bunch of resignations that look like GoGo house cleanning. Heads of IR, Strategy and Comms -Gov Affairs are all gone. It’s not whose tellin the story. It’s the story!!! Even chuckles can’t spin this

Nearing the end of the year and making some headway. VLO: +33% MPC: +29% PSX: +19% 3 Year: MPC: +91% VLO: +64% PSX: +63%

we are all f@uckd. A lot of Dilbert worthy buzzwords in that robot. Analysts/Elliott, press him and Brian on the dollar value they are actually adding to the market capture. The answer might shock you.

Go Go has a new video on LinkedIn where he talks about great leadership. It’s very short and he just repeats a lot of the same stuff he’s said before. What gets me is how many “likes” it gets from employees.

I hate hearing more rumors about layoffs. Does anybody know where this came from? Any chance it's true or am I just getting stressed over nothing?

We all get it that NGL is a major growth area, but the associated gas is not a focus considering that we are selling off natural gas pipelines. When are we going to acknowledge that the Colorado assets are way too capital intensive to maintain. DCP... — read more 

https://www.ft.com/content/f3ec8172-96da-4ebf-8fe6-80e1c5893286 I’d heard he left. Looks like he got a job with a wallet - maybe he will give Elliot a run for their money and just buy us.

Just out of a staff meeting with my LG member and she was downloading from the Leaders Group meeting they had last week. Apparently Doug Tere77on believes the Elliott argument is not grounded in anything and that he has disproven their thesis and... — read more 

Go-Go has joined the BoD of Motorola.

Job Architecture is an absolute joke. Thought you should know since it's probably not filtering up from AC or the rest of the ELT. With all due respect, touch grass.

Synopsis: “Mark, how can I drink water like you do on CNBC?”

An appeals judge has tossed Phillips’s appeal of the $833 million judgment awarded to Propel Fuels. Heh, Heh, Heh!!!

ConocoPhillips is in the process of executing a huge layoff. One thing they’re doing is offering Expressions of Interest for those employees interested in leaving voluntarily. This will give a number of employees the chance to stay that otherwise... — read more 

Update following 3Q earnings (1year returns) and an updated investor presentation: Delek 142% VLO 32% MPC 30% PBF 25% PSX 13%

What do you think? Are they all as shockingly bad as mine ended up? Email yesterday said 70-90% in line with current responsibilities, mine is literally 0%. It was clearly written for an entirely different industry. It's frankly embarrassing how... — read more 

Here's what will be said at the town hall: The company is performing very well due to BT. All employees are fully embracing BT. Asinine questions from shills planted in the audience Few if any real questions will be addressed Go-Go... — read more 

L and D is posting on various platforms stating what a huge success the Month of Learning was. No it wasn’t, it was the same failure it’s always been since the new group of leaders took over. Everyone I’ve talked to says they didn’t get anything out... — read more 

EVs are now 10 percent of new car sales in the states, what will this industry be in 15 years will it end up like coal?

opening this up for reactions once we release in the morning

ELT has made it clear they frequent this site, so, what burning questions do you have but don't want to ask through their supposedly anonymous form?

one year returns: Delek 141% HF Sinclair 36% Valero 35% Marathon 31% S&P 500 17% PSX 10%

With the purchase from Cenovus' 50% share of WRB and now the pipeline deal to Arizona and California P66 has now made 2 good deals in a row. These deals place substantial focus on refining. The Elliott directors must be making their presence known... — read more 

Get your hands on a set of the new orgs charts out today. Dozens of newSVPs and new VPs. The top just got heaver w/blessing of new EVP of perpetual conference attendee (HR)

What is the long-term goal of the retitling post restructure exercise? My guess: It will be used as a way to delevel people who don’t meet the new job architecture skillset requirements, with a goal to push them out of the company.

I have to say that I didn’t get much out of the L and D Month of Learning, a little but not a lot for the amount of effort they put into it.It seems that group was better a few years ago.

How many of you are happy you voted for Elliott now?

IT has so many departments and similar functions. IT is a service, why not eliminate most of them by contractors and real IT companies. So many IT workers looking for work with AI so the pay and market availability is now a great time to lower our... — read more 

Just opening this up as I am already getting employees who are upset. Especially at the director level.

Another long and tedious United Way season at Phillips 66 has begun. We are being asked yet again to give to an organization where nearly 20% of your money goes to pay for administration and fundraising efforts. We are being asked to give so that... — read more 

Thoughts on the sudden increase in loss of containment and fires within the industry? This past week has numerous incidents in the news. Is this a prequel to the new norm due to reduction in experience, headcount, and overall intelligence? Inquiring... — read more 

1 Year Return: Valero 19% HF Sinclair 17% Marathon 15% Phillips 66 (0.4%) 2 Year Return: Marathon 19% Valero 17.5% Phillips 66 14.3% HF Sinclair 4.5% Since Mark L. Became CEO (July 2022) Marathon 32% Phillips 66 19% Valero 17% HF Sinclair 8%

Is this true for Phillips 66, 75% of the company’s are having problems keeping collage graduate's? I have a friend that wants to retire but he was asked to stay to get a person trained. For now every new person that came in has quit after one month.

They can’t all be gone can they? Where they at?

Why are some posts quickly deleted or never even posted?

…the fish rots from the head.