Phillips 66: Los Angeles Refinery

From Researchandideas
(Difference between revisions)
Jump to: navigation, search
(initial input)
 
(March 7, 2018: A New Generation of Activists Organize in the Shadow of Phillips 66's Wilmington Refinery)
 
(13 intermediate revisions by one user not shown)
Line 1: Line 1:
[[Image:usrefineries.jpg|thumb|500px|Phillips 66 has 15 refineries globally and 2.2 million barrels a day of capacity. "When we think about our refining business we like to think about it in four segments. One is the Mid-Continent, about 21% of our capacity is there. Margins have been very strong in this area, as you know. Our largest region is the Gulf Coast, about 33% of our capacity is there.We have large economy of scale here. We have very complex refineries on the Gulf Coast. The Western US and Pacific region is about 20%, includes our interests in the Melaka refinery.The West Coast has typically had high margins historically, but the last couple years has been challenged in part due to the economic slowdown in California." Derivative Photo: [http://hughpickens.com Hugh Pickens]]]
+
[[Image:Phillips conoco 1.jpg|thumb|right|350px|Conoco and Phillips 66 announced on November 18, 2001 that their boards of directors had unanimously approved a definitive agreement for a "merger of equals". The merged company, ConocoPhillips, became the third-largest integrated U.S. energy company based on market capitalization and oil and gas reserves and production. On November 11, 2011 ConocoPhillips announced that Phillips 66 would be the name of a new independent oil and gasoline refining and marketing firm, created as ConocoPhillips split into two companies. ConocoPhillips kept the current name of the company and concentrated on oil exploration and production side while Phillips 66 included refining, marketing, midstream, and chemical portions of the company. Photo: [http://hughpickens.com Hugh Pickens] all rights reserved.]]
Phillips 66 has 15 refineries globally and 2.2 million barrels a day of capacity. "When we think about our refining business we like to think about it in four segments. One is the Mid-Continent, about 21% of our capacity is there. Margins have been very strong in this area, as you know. Our largest region is the Gulf Coast, about 33% of our capacity is there.We have large economy of scale here. We have very complex refineries on the Gulf Coast. The Western US and Pacific region is about 20%, includes our interests in the Melaka refinery.The West Coast has typically had high margins historically, but the last couple years has been challenged in part due to the economic slowdown in California."<ref>[http://seekingalpha.com/article/486131-conocophillips-ceo-hosts-phillips-66-analyst-update-conference-call-transcript ConocoPhillips. "Slide Presentation for Phillips 66 Investor Update" April 9, 2012]</ref><ref>[http://www.conocophillips.com/EN/investor/presentations_ccalls/Documents/COP-Transcript-2012-04-09T15_00.pdf ConocoPhillips. "Phillips 66 Analyst Update Transcript of Phillips 66 Analyst Update" April 9, 2012]</ref><ref>[http://seekingalpha.com/article/486131-conocophillips-ceo-hosts-phillips-66-analyst-update-conference-call-transcript Seeking Alpha. "ConocoPhillips' CEO Hosts Phillips 66 Analyst Update Conference Call" April 9, 2012]</ref>
+
by [http://hughpickens.com Hugh Pickens], Ponca City Oklahoma
  
===Los Angeles Refinery===
+
<html><HR></html>
[[Image:Wilmingtonrefinery.jpg|thumb|right|400px|The Wilmington Refinery, located in Wilmington, Calif., about 15 miles southeast of Los Angeles International Airport. serves as the back end by upgrading the intermediate products to finished products. The refinery has a crude oil processing capacity of 139 MBD and processes mainly heavy, high-sulfur crude oil. It receives domestic crude oil via pipeline from California and both foreign and domestic crude oil by tanker through a third-party terminal in the Port of Long Beach. The refinery produces a high percentage of transportation fuels, such as gasoline, diesel fuel and jet fuel. Other products include fuel-grade petroleum coke. The refinery produces California Air Resources Board (CARB)-grade gasoline using ethanol to meet government-mandated oxygenate requirements. Refined products are distributed to customers in California, Nevada and Arizona by pipeline and truck.<ref>[http://www.conocophillips.com/EN/about/worldwide_ops/rm/us/Pages/Refining.aspx ConocoPhillips. "US Refining as of March 31, 2011"]</ref> [http://www.flickr.com/photos/41421441@N02/5936548396/ Photo by unzarjones] Flicker Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0)]]
+
 
====Description of Los Angeles Refinery====
+
The purpose of this report is to provide a comprehensive overview of Phillips 66 that documents and explains the company's business strategy and execution of that strategy.
 +
 
 +
'''<span style="color:#0000FF">Major Sections of this report on Phillips 66 include:</span>'''
 +
 
 +
{|style="border-style: solid; border-width: 1px"
 +
|-style="vertical-align:top;"
 +
|scope="col" width="350px"|'''<span style="color:#0000FF">Safety, Environment, Legal</span>'''
 +
* [http://researchandideas.com/index.php?title=Safety_and_Environmental_Issues_at_Phillips_66#Safety_and_Environment Safety and Environment] - [http://researchandideas.com/index.php?title=Deaths_and_Injuries_at_Phillips_Refineries_and_Chemical_Plants#Deaths_and_Injuries_at_Phillips_Refineries_and_Chemical_Plants Deaths and Injuries]
 +
* [http://researchandideas.com/index.php?title=Litigation_and_Legal_Issues_at_Phillips_66#Litigation_and_Legal_Issues_with_Phillips Litigation and Legal Issues with Phillips 66]
 +
* [http://researchandideas.com/index.php?title=Operational_Excellence_at_Phillips_66#Operational_Excellence Operational Excellence]
 +
* [http://researchandideas.com/index.php?title=Technology_Development_at_Phillips_66#Technology_Development Technology Development]
 +
* [http://researchandideas.com/index.php?title=Labor_Relations_at_Phillips_66#Labor_Relations_and_Issues_with_Employees Labor Relations and Human Resources]
 +
* [http://researchandideas.com/index.php?title=Labor_Relations_at_Phillips_66#Employee_Benefits Employee Benefits]
 +
* [http://researchandideas.com/index.php?title=Government_Relations_at_Phillips_66#Government_Relations Government Relations]
 +
* [http://researchandideas.com/index.php?title=Media_Relations_and_Public_Relations_at_Phillips_66#Public_Relations_and_Media_Relations Media Relations and Public Relations]
 +
* [http://researchandideas.com/index.php?title=Philanthropic_and_Community_Benefits_at_Phillips_66#Philanthropic_and_Community_Benefits Philanthropic and Community Benefits]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Corporate</span>'''
 +
*[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Creation_of_Phillips_66 Creation of Phillips 66]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Governance_of_Phillips_66 Governance of Phillips 66]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Greg_Garland.2C_Chairman.2C_President_and_CEO_of_Phillips_66 CEO Greg Garland] - [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Jim_Mulva.2C_Chairman_and_CEO_of_ConocoPhillips Jim Mulva]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Board_of_Directors Phillips 66 Board of Directors]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Management_and_Governance_Effectiveness_at_Phillips_66 Management Effectiveness]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Strategic and Financial</span>'''
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Strategic_Vision_for_Phillips_66 Strategic Vision for Phillips 66]
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Capital_Programs#Phillips_Capital_Programs Phillips 66 Capital Programs]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Financial_Stability_of_Phillips_66_and_Risk_Management Financial Stability]
 +
* [http://researchandideas.com/index.php?title=Divestiture_of_Non-Core_Assets_at_Phillips_66#Phillips.27_Divestiture_of_Non-Core_Assets_Through_Sale.2C_Exchange.2C_or_Closure Phillips' Divestiture of Non-Core Assets]
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Expansion,_Construction,_Acquisitions_and_Purchases#Phillips_Expansion.2C_Construction.2C_Acquisitions_and_Purchases Construction, Acquisitions, and Purchases]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Business Segments</span>'''
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Refining_Business_Segment Refining Business Segment]
 +
* [http://researchandideas.com/index.php?title=Marketing_and_Special_Products_at_Phillips_66#Marketing_and_Special_Products Marketing and Special Products] - [http://researchandideas.com/index.php?title=Marketing_and_Special_Products_at_Phillips_66#Latest_News_and_Views_on_Marketing Latest News]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Chemical_Business_Segment_within_Phillips_66 Chemical Business Segment] - [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_on_the_Chemical_Business_Segment Latest News]
 +
* [http://researchandideas.com/index.php?title=Midstream_Business_Segment_at_Phillips_66#Midstream_Business_Segment_within_Phillips_66 Midstream Business Segment] - [http://researchandideas.com/index.php?title=Midstream_Business_Segment_at_Phillips_66#Latest_News_and_Views_of_the_Midstream_Business_Segment Latest News]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Stock Market</span>'''
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#The_Stock_Market_and_Investor_Relations The Stock Market and Investor Relations]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Stock_Performance Phillips 66 Stock Performance]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Dividends_and_Stock_Repurchase Phillips 66 Dividends and Stock Repurchases]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Stockholder.27s_Meetings Stockholder's Meetings]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Earnings_Conferences Phillips 66 Earnings Conferences]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Investor_Conferences Phillips 66 Investor Conferences]
 +
* [http://researchandideas.com/index.php?title=What_Independent_Financial_Analysts_Say_About_Phillips_66#What_Independent_Financial_Analysts_Say_About_Phillips_66 What Financial Analysts Say About Phillips 66]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Reference</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_Master_Index_List Master Index of Phillips 66 Articles]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Conclusions Conclusions]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#External_Links External Links]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#References References]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#About_the_Author About the Author]
 +
|style="border-style: solid; border-width: 0px 0px 0px 1px" scope="col" width="350px"|
 +
'''<span style="color:#0000FF">Refining Business Segment</span>'''
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Refining_Business_Segment Refining Business Segment]
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Phillips_66_Worldwide_Refineries Phillips 66 Worldwide Refineries]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increasing_Profitability_in_the_Refining_and_Marketing_Business_Segment Increasing Profitability in Refining Business Segment]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Increasing Profitability in Refining Business Segment</span>'''
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Getting_More_Advantaged_Crude_in_Front_of_Refineries Process More Advantaged Crudes]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Increasing_Exports Expand Export Capability]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Increasing_Clean_Product_Yields Increase Clean Product Yields]
 +
* [http://researchandideas.com/index.php?title=Divestiture_of_Non-Core_Assets_at_Phillips_66#Phillips.27_Divestiture_of_Non-Core_Assets_Through_Sale.2C_Exchange.2C_or_Closure Optimize Portfolio]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Detailed Look at Ponca City Refinery</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_its_Century-Old_Oil_Refining_History Ponca City and its Century-Old Oil Legacy and History]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#How_Much_Money_Does_the_Ponca_City_Refinery_Earn_for_Phillips_66.3F How Much Money Does Ponca City Earn for Phillips?]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_the_.22Merger_of_Equals.22_with_Phillips_in_2001 Ponca City and the "Merger of Equals" in 2001]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_the_Spinoff_of_Phillips_66_in_2012 Ponca City and the Spinoff of Phillips 66 in 2012]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#News_from_the_Ponca_City_Refinery Latest News from the Refinery in Ponca City]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#August_13.2C_2014:_Phillips_66_CEO_Greg_Garland_Wants_to_Find_a_Company_to_Lease_the_North_and_South_Towers Phillips' Plans for the North and South Towers]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Other Phillips Refineries</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Alliance_Refinery#Alliance_Refinery Alliance Refinery (AL)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Bayway_Refinery#Bayway_Refinery Bayway Refinery (BW)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Billings_Refinery#Billings_Refinery Billings Refinery (BI)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Borger_Refinery#Borger_Refinery Borger Refinery (BG)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ferndale_Refinery#Ferndale_Refinery Ferndale Refinery (FN)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Humber_Refinery#Humber_Refinery Humber Refinery (HU)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Lake_Charles_Refinery#Lake_Charles_Refinery Lake Charles Refinery (Westlake) (LC)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Los_Angeles_Refinery#Los_Angeles_Refinery Los Angeles (Wilmington) Refinery (LA)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Melaka_Refinery#Melaka_Refinery Melaka Refinery in Malaysia (ME)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#News_from_the_Ponca_City_Refinery Ponca City Refinery (PC)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#San_Francisco_Refinery San Francisco Refinery (SF)] [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#News_and_Views_on_Rodeo_Refinery Rodeo] [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#News_and_Views_on_Santa_Maria_Refinery Santa Maria (Nipomo)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Sweeny_Refinery#Sweeny_Refinery Sweeny Refinery (SW)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Whitegate_Refinery#Whitegate_Refinery Whitegate Refinery in Ireland (WG)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Wood_River_Refinery#Wood_River_Refinery Wood River Refinery (WR)]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Other Locations</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Houston_Headquarters#New_Phillips_66_Headquarters New Houston Headquarters]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Houston_Chemical_Complex_(HCC)#Phillips_66_Houston_Chemical_Complex_.28HCC.29 Houston Chemical Complex]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Bartlesville_Technology_Hub#Bartlesville_Technology_Hub Bartlesville Technology Hub]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Port_Arthur_Chemical_Plant Port Arthur Chemical Plant]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Cedar_Bayou_Chemical_Plant Cedar Bayou Chemical Plant (Baytown)]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Sweeny_Petrochemical_Complex Sweeny Petrochemical Complex]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Trainer_Refinery#Trainer_Refinery Trainer Refinery (sold in 2012)]
 +
* [http://researchandideas.com/index.php?title=Phillips_Refinery_in_Phillips,_Texas#Phillips_Refinery Phillips Refinery (Closed in 1986)]
 +
|}
 +
 
 +
 
 +
===Master Index of Articles about Phillips 66===
 +
[[Image:Refinery crane.jpg|thumb|right|400px|'''The 587 foot tall Mammoet PTC 140 crane''', seen here from North First Street, towers over the Refinery Complex in Ponca City. The supercrane was used to move two new 232 ton coker reactor units within the refinery on September 29, 2013. Phillips was willing to invest $70 million in the two new coker reactor units because the '''Ponca City Refinery is one of the best run, safest, and most profitable''' of Phillips' fifteen worldwide refineries and Garland wants the refinery in Ponca City to continue to run smoothly and profitably. This photograph of the supercrane in Ponca City was taken from almost two miles away from the crane. Photo: [http://hughpickens.com Hugh Pickens] All Rights Reserved.]]
 +
[[Image:Pickens and Garland.jpg|thumb|right|400px|Hugh Pickens, an analyst who closely follows Phillips 66, speaks with Phillips CEO Greg Garland (right) about [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#August_13.2C_2014:_Phillips_66_CEO_Greg_Garland_Wants_to_Find_a_Company_to_Lease_the_North_and_South_Towers the disposition of the North Tower, South Tower, and Research West at Phillips' Ponca City Refinery] after Garland's speech to the Bartlesville Chamber of Commerce on August 13, 2014.]]
 +
by [http://hughpickens.com Hugh Pickens], Ponca City Oklahoma
 +
 
 +
<html><HR></html>
 +
 
 +
The purpose of this report is to provide a comprehensive overview of Phillips 66 that documents and explains the company's business strategy and execution of that strategy.
 +
 
 +
'''<span style="color:#0000FF">Major Sections of this report on Phillips 66 include:</span>'''
 +
 
 +
{|style="border-style: solid; border-width: 1px"
 +
|-style="vertical-align:top;"
 +
|scope="col" width="350px"|'''<span style="color:#0000FF">Safety, Environment, Legal</span>'''
 +
* [http://researchandideas.com/index.php?title=Safety_and_Environmental_Issues_at_Phillips_66#Safety_and_Environment Safety and Environment] - [http://researchandideas.com/index.php?title=Deaths_and_Injuries_at_Phillips_Refineries_and_Chemical_Plants#Deaths_and_Injuries_at_Phillips_Refineries_and_Chemical_Plants Deaths and Injuries]
 +
* [http://researchandideas.com/index.php?title=Litigation_and_Legal_Issues_at_Phillips_66#Litigation_and_Legal_Issues_with_Phillips Litigation and Legal Issues with Phillips 66]
 +
* [http://researchandideas.com/index.php?title=Operational_Excellence_at_Phillips_66#Operational_Excellence Operational Excellence]
 +
* [http://researchandideas.com/index.php?title=Technology_Development_at_Phillips_66#Technology_Development Technology Development]
 +
* [http://researchandideas.com/index.php?title=Labor_Relations_at_Phillips_66#Labor_Relations_and_Issues_with_Employees Labor Relations and Human Resources]
 +
* [http://researchandideas.com/index.php?title=Labor_Relations_at_Phillips_66#Employee_Benefits Employee Benefits]
 +
* [http://researchandideas.com/index.php?title=Government_Relations_at_Phillips_66#Government_Relations Government Relations]
 +
* [http://researchandideas.com/index.php?title=Media_Relations_and_Public_Relations_at_Phillips_66#Public_Relations_and_Media_Relations Media Relations and Public Relations]
 +
* [http://researchandideas.com/index.php?title=Philanthropic_and_Community_Benefits_at_Phillips_66#Philanthropic_and_Community_Benefits Philanthropic and Community Benefits]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Corporate</span>'''
 +
*[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Creation_of_Phillips_66 Creation of Phillips 66]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Governance_of_Phillips_66 Governance of Phillips 66]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Greg_Garland.2C_Chairman.2C_President_and_CEO_of_Phillips_66 CEO Greg Garland] - [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Jim_Mulva.2C_Chairman_and_CEO_of_ConocoPhillips Jim Mulva]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Board_of_Directors Phillips 66 Board of Directors]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Management_and_Governance_Effectiveness_at_Phillips_66 Management Effectiveness]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Strategic and Financial</span>'''
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Strategic_Vision_for_Phillips_66 Strategic Vision for Phillips 66]
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Capital_Programs#Phillips_Capital_Programs Phillips 66 Capital Programs]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Financial_Stability_of_Phillips_66_and_Risk_Management Financial Stability]
 +
* [http://researchandideas.com/index.php?title=Divestiture_of_Non-Core_Assets_at_Phillips_66#Phillips.27_Divestiture_of_Non-Core_Assets_Through_Sale.2C_Exchange.2C_or_Closure Phillips' Divestiture of Non-Core Assets]
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Expansion,_Construction,_Acquisitions_and_Purchases#Phillips_Expansion.2C_Construction.2C_Acquisitions_and_Purchases Construction, Acquisitions, and Purchases]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Business Segments</span>'''
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Refining_Business_Segment Refining Business Segment]
 +
* [http://researchandideas.com/index.php?title=Marketing_and_Special_Products_at_Phillips_66#Marketing_and_Special_Products Marketing and Special Products] - [http://researchandideas.com/index.php?title=Marketing_and_Special_Products_at_Phillips_66#Latest_News_and_Views_on_Marketing Latest News]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Chemical_Business_Segment_within_Phillips_66 Chemical Business Segment] - [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_on_the_Chemical_Business_Segment Latest News]
 +
* [http://researchandideas.com/index.php?title=Midstream_Business_Segment_at_Phillips_66#Midstream_Business_Segment_within_Phillips_66 Midstream Business Segment] - [http://researchandideas.com/index.php?title=Midstream_Business_Segment_at_Phillips_66#Latest_News_and_Views_of_the_Midstream_Business_Segment Latest News]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Stock Market</span>'''
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#The_Stock_Market_and_Investor_Relations The Stock Market and Investor Relations]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Stock_Performance Phillips 66 Stock Performance]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Dividends_and_Stock_Repurchase Phillips 66 Dividends and Stock Repurchases]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Stockholder.27s_Meetings Stockholder's Meetings]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Earnings_Conferences Phillips 66 Earnings Conferences]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Investor_Conferences Phillips 66 Investor Conferences]
 +
* [http://researchandideas.com/index.php?title=What_Independent_Financial_Analysts_Say_About_Phillips_66#What_Independent_Financial_Analysts_Say_About_Phillips_66 What Financial Analysts Say About Phillips 66]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Reference</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_Master_Index_List Master Index of Phillips 66 Articles]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Conclusions Conclusions]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#External_Links External Links]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#References References]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#About_the_Author About the Author]
 +
|style="border-style: solid; border-width: 0px 0px 0px 1px" scope="col" width="350px"|
 +
'''<span style="color:#0000FF">Refining Business Segment</span>'''
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Refining_Business_Segment Refining Business Segment]
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Phillips_66_Worldwide_Refineries Phillips 66 Worldwide Refineries]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increasing_Profitability_in_the_Refining_and_Marketing_Business_Segment Increasing Profitability in Refining Business Segment]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Increasing Profitability in Refining Business Segment</span>'''
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Getting_More_Advantaged_Crude_in_Front_of_Refineries Process More Advantaged Crudes]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Increasing_Exports Expand Export Capability]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Increasing_Clean_Product_Yields Increase Clean Product Yields]
 +
* [http://researchandideas.com/index.php?title=Divestiture_of_Non-Core_Assets_at_Phillips_66#Phillips.27_Divestiture_of_Non-Core_Assets_Through_Sale.2C_Exchange.2C_or_Closure Optimize Portfolio]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Detailed Look at Ponca City Refinery</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_its_Century-Old_Oil_Refining_History Ponca City and its Century-Old Oil Legacy and History]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#How_Much_Money_Does_the_Ponca_City_Refinery_Earn_for_Phillips_66.3F How Much Money Does Ponca City Earn for Phillips?]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_the_.22Merger_of_Equals.22_with_Phillips_in_2001 Ponca City and the "Merger of Equals" in 2001]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_the_Spinoff_of_Phillips_66_in_2012 Ponca City and the Spinoff of Phillips 66 in 2012]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#News_from_the_Ponca_City_Refinery Latest News from the Refinery in Ponca City]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#August_13.2C_2014:_Phillips_66_CEO_Greg_Garland_Wants_to_Find_a_Company_to_Lease_the_North_and_South_Towers Phillips' Plans for the North and South Towers]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Other Phillips Refineries</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Alliance_Refinery#Alliance_Refinery Alliance Refinery (AL)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Bayway_Refinery#Bayway_Refinery Bayway Refinery (BW)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Billings_Refinery#Billings_Refinery Billings Refinery (BI)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Borger_Refinery#Borger_Refinery Borger Refinery (BG)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ferndale_Refinery#Ferndale_Refinery Ferndale Refinery (FN)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Humber_Refinery#Humber_Refinery Humber Refinery (HU)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Lake_Charles_Refinery#Lake_Charles_Refinery Lake Charles Refinery (Westlake) (LC)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Los_Angeles_Refinery#Los_Angeles_Refinery Los Angeles (Wilmington) Refinery (LA)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Melaka_Refinery#Melaka_Refinery Melaka Refinery in Malaysia (ME)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#News_from_the_Ponca_City_Refinery Ponca City Refinery (PC)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#San_Francisco_Refinery San Francisco Refinery (SF)] [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#News_and_Views_on_Rodeo_Refinery Rodeo] [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#News_and_Views_on_Santa_Maria_Refinery Santa Maria (Nipomo)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Sweeny_Refinery#Sweeny_Refinery Sweeny Refinery (SW)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Whitegate_Refinery#Whitegate_Refinery Whitegate Refinery in Ireland (WG)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Wood_River_Refinery#Wood_River_Refinery Wood River Refinery (WR)]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Other Locations</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Houston_Headquarters#New_Phillips_66_Headquarters New Houston Headquarters]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Houston_Chemical_Complex_(HCC)#Phillips_66_Houston_Chemical_Complex_.28HCC.29 Houston Chemical Complex]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Bartlesville_Technology_Hub#Bartlesville_Technology_Hub Bartlesville Technology Hub]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Port_Arthur_Chemical_Plant Port Arthur Chemical Plant]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Cedar_Bayou_Chemical_Plant Cedar Bayou Chemical Plant (Baytown)]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Sweeny_Petrochemical_Complex Sweeny Petrochemical Complex]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Trainer_Refinery#Trainer_Refinery Trainer Refinery (sold in 2012)]
 +
* [http://researchandideas.com/index.php?title=Phillips_Refinery_in_Phillips,_Texas#Phillips_Refinery Phillips Refinery (Closed in 1986)]
 +
|}
 +
 
 +
 
 +
==Los Angeles Refinery==
 +
[[Image:Wilmingtonrefinery.jpg|thumb|right|550px|The Wilmington Refinery, located in Wilmington, Calif., about 15 miles southeast of Los Angeles International Airport. serves as the back end by upgrading the intermediate products to finished products. The refinery has a crude oil processing capacity of 139 MBD and processes mainly heavy, high-sulfur crude oil. It receives domestic crude oil via pipeline from California and both foreign and domestic crude oil by tanker through a third-party terminal in the Port of Long Beach. The refinery produces a high percentage of transportation fuels, such as gasoline, diesel fuel and jet fuel. Other products include fuel-grade petroleum coke. The refinery produces California Air Resources Board (CARB)-grade gasoline using ethanol to meet government-mandated oxygenate requirements. Refined products are distributed to customers in California, Nevada and Arizona by pipeline and truck.<ref>[http://www.conocophillips.com/EN/about/worldwide_ops/rm/us/Pages/Refining.aspx ConocoPhillips. "US Refining as of March 31, 2011"]</ref> [http://www.flickr.com/photos/41421441@N02/5936548396/ Photo by unzarjones] Flicker Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0)]]
 +
[[Image:Fumes spew at wilmington refinery.jpg|thumb|right|350px|Heavy black smoke billowed across the Harbor Area and South Bay on on January 29, 2015 from a flare at Phillips 66’s Wilmington oil refinery after an unspecified emergency interrupted the steam system, officials said. The smoke began spewing from the plant at about 2 p.m. and was visible for several miles over the next two hours. Phillips 66 spokeswoman Janet Grothe said the emergency flares were used as a result of a “steam system upset.” Photo: The Daily Breeze (Scott Varley / Staff Photographer) ]]
 +
===Description of Los Angeles Refinery===
 
The Los Angeles Refinery is composed of two linked facilities located roughly five miles apart in Carson and Wilmington, Calif., about 15 miles southeast of Los Angeles International Airport. Carson serves as the front end of the refinery by processing crude oil, and Wilmington serves as the back end by upgrading the intermediate products to finished products. The refinery has a crude oil processing capacity of 139 MBD and processes mainly heavy, high-sulfur crude oil. It receives domestic crude oil via pipeline from California and both foreign and domestic crude oil by tanker through a third-party terminal in the Port of Long Beach. The refinery produces a high percentage of transportation fuels, such as gasoline, diesel fuel and jet fuel. Other products include fuel-grade petroleum coke. The refinery produces California Air Resources Board (CARB)-grade gasoline using ethanol to meet government-mandated oxygenate requirements. Refined products are distributed to customers in California, Nevada and Arizona by pipeline and truck.<ref>[http://www.conocophillips.com/EN/about/worldwide_ops/rm/us/Pages/Refining.aspx ConocoPhillips. "US Refining as of March 31, 2011"]</ref>
 
The Los Angeles Refinery is composed of two linked facilities located roughly five miles apart in Carson and Wilmington, Calif., about 15 miles southeast of Los Angeles International Airport. Carson serves as the front end of the refinery by processing crude oil, and Wilmington serves as the back end by upgrading the intermediate products to finished products. The refinery has a crude oil processing capacity of 139 MBD and processes mainly heavy, high-sulfur crude oil. It receives domestic crude oil via pipeline from California and both foreign and domestic crude oil by tanker through a third-party terminal in the Port of Long Beach. The refinery produces a high percentage of transportation fuels, such as gasoline, diesel fuel and jet fuel. Other products include fuel-grade petroleum coke. The refinery produces California Air Resources Board (CARB)-grade gasoline using ethanol to meet government-mandated oxygenate requirements. Refined products are distributed to customers in California, Nevada and Arizona by pipeline and truck.<ref>[http://www.conocophillips.com/EN/about/worldwide_ops/rm/us/Pages/Refining.aspx ConocoPhillips. "US Refining as of March 31, 2011"]</ref>
  
====News and Views on Los Angeles Refinery====
+
==News and Views on Los Angeles Refinery==
  
=====March 18, 2014: Crack in Idle Phillips Pipeline Spews Crude Oil onto Wilmington Streets=====
+
===May 2, 2019: Fire Crews Battle Blaze at Phillips 66 Refinery in Carson===
 +
[[Image:Carson Fire.JPG|thumb|right|550px|'''Fire Crews Battle Blaze at Phillips 66 Refinery in Carson.''' Fire crews were called to a blaze at the Phillips 66 oil refinery in Carson on May 2, 2019]]
 +
KTLA reported on May 2, 2019 that fire crews were called to a blaze at the Phillips 66 oil refinery in Carson on May 2, 2019. Smoke could be seen billowing from the Phillips 66 refinery facility at Sepulveda Boulevard and Alameda Street around 5 p.m. Firefighters declared the flames extinguished shortly before 7:20 p.m., Los Angeles County Fire Department officials said. No injuries were reported, officials said. Air quality measurements taken Thursday afternoon were normal, but authorities planned to continue to monitor readings.<ref>[https://ktla.com/2019/05/02/fire-crews-battle-blaze-at-phillips-66-refinery-in-carson/ KTLA. "Fire Crews Battle Blaze at Phillips 66 Refinery in Carson" May 2, 2019.]</ref>
 +
 
 +
===March 15, 2019: Massive Fire Erupts at Phillips 66 Oil Refinery in Carson===
 +
[[Image:Carson Fire in March 2019.JPG|thumb|right|550px|'''Massive Fire Erupts at Phillips 66 Oil Refinery in Carson.''' A large fire broke out at the Phillips 66 oil refinery in Carson. At least three pumps at the facility were involved in the fire.]]
 +
KTLA reported on March 15 that a large fire broke out at the Phillips 66 oil refinery in Carson. At least three pumps at the facility were involved in the fire, authorities said. Authorities shut down Sepulveda Boulevard between Alameda Street and Wilmington Avenue as firefighters continued dumping water on the flames Friday night, sheriff's officials said. The flames were declared out about 9:30 p.m., according to Los Angeles County Fire Department Capt. Tony Imbrenda. Private refinery firefighters, Los Angeles County firefighters and the Long Beach Fire Department joined in the effort, officials said. Experts were monitoring the air quality, but Los Angeles County Sheriff's Department officials said there were no signs of a hazard.<ref>[https://ktla.com/2019/03/15/fire-erupts-at-oil-refinery-in-carson/ KTLA. "Massive Fire Erupts at Oil Refinery in Carson" March 15, 2019.]</ref>
 +
 
 +
===March 7, 2018: A New Generation of Activists Organize in the Shadow of Phillips 66's Wilmington Refinery===
 +
[[Image:Wilmington Neighborhood.JPG|thumb|right|550px|'''A New Generation of Activists Organize in the Shadow of Phillips 66's Wilmington Refinery''' A 10-square-mile South Los Angeles community in close proximity to three oil refineries including Phillips 66 Wilmington Refinery, has the dubious distinction of having some of the worst air quality in a city that already has the country’s worst ozone levels. Photo: Jesse N. Marquez]]
 +
Jesse Hardman published an interesting article in High Country News on March 7, 2018 about the 10-square-mile South Los Angeles community in close proximity to three oil refineries including Phillips 66 Wilmington Refinery, that has the dubious distinction of having some of the worst air quality in a city that already has the country’s worst ozone levels. A 2013 California state cap-and-trade law offered incentives for big polluters to become greener. But one study suggests that the program has inadvertently made air quality worse in places close to refineries and power plants, like Wilmington. Here’s how it works: Under the law, big polluters like oil refineries and power plants must buy permits that allow them to emit greenhouse gases. The number of permits available is reduced year by year, in an effort to gradually bring down the state’s overall carbon emissions. But rather than lower their emissions to meet the program’s targets, oil companies like Tesoro, which operates in Wilmington, choose to buy up other companies’ allowances, or pay to offset the damage they cause elsewhere, by planting trees in Alaska, for example. This gives them free license to continue polluting in their immediate areas.
 +
 
 +
In Wilmington, oil companies start their PR push early. Twenty-four-year-old activist Ashley Hernández remembers getting free backpacks and pencils with oil company logos as a kid. “You get popcorn from them every Halloween,” she said. For more than six decades, Phillips 66 has co-opted that holiday, painting one of its 3-million-gallon gas storage tanks orange to create an enormous grinning jack-o-lantern — “Smilin’Jack” — that towers over the community. Employees in bright yellow safety vests stand beneath chemical tanks and smokestacks, giving local families bags of caramel corn and plastic balls marked with the Phillips 66 logo. “They do community events, they’ll fund carnivals, they’ll do youth trips. They do it with an aim to silence them,” said Hernández, noting the hold that local industries have over her working-class parents, originally from El Salvador. After decades spent making a life in Wilmington, Hernández and her family would find it hard to just leave.
 +
 
 +
Sylvia Arredondo is at the helm of a growing movement made up mostly of women of color who grew up here but left to get an education, and then later returned to battle the industries that are poisoning their families. Their fight is a legal and political challenge to oil companies and local air-quality regulatory bodies. But it’s also an exercise in civic engagement, one that even Wilmington’s older generations have joined, despite their fear of being deported or losing their jobs at the local oil facilities. As a child, Arredondo attended classes in a wealthier district, but returned to Wilmington in time for high school. By then, she knew that her community’s poor air quality was something wealthier neighborhoods would never stand for. One of her college textbooks called her city a “toxic hotspot.” “Before that class, I didn’t know what environmental justice was,” Arredondo said. Now she fights for it as the civic engagement coordinator for the nonprofit Communities for a Better Environment, and as the president of Wilmington’s neighborhood council.<ref>[https://www.hcn.org/articles/pollution-a-new-generation-of-activists-born-next-to-an-oil-refinery High Country News. "A new generation of activists, born next to an oil refinery" by Jesse Hardman. March 7, 2018.]</ref>
 +
 
 +
===June 12, 2016: Phillips Reports Shutdown in Coker Unit at Wilmington Refinery===
 +
Phillips reported a shutdown in a coker unit at its Wilmington, California refinery due to an interruption in the electrical utility, according to a filing with the California Emergency Management Agency. Repairs were in progress and the flaring has been stopped, the filing added. The refinery has two linked facilities about five miles apart in Carson and Wilmington. <ref>[http://www.oe.netl.doe.gov/docs/eads/ead061316.pdfUS Department of Energy. "Energy Assurance Daily" June 13, 2016]</ref>
 +
 
 +
===May 30, 2016: Phillips Reports Unplanned Flaring, Breakdown at Wilmington Refinery===
 +
Phillips reported unplanned flaring due to a breakdown at its Wilmington, California refinery, according to a filing with the South Coast Air Quality Management District. <ref>[http://www.oe.netl.doe.gov/docs/eads/ead053116.pdfUS Department of Energy. "Energy Assurance Daily" May 31, 2016]</ref>
 +
 
 +
===April 29, 2016: Phillips Is Not Actively Seeking to Divest Santa Maria, Wilmington, and Rodeo Refineries in California===
 +
In answer to a question from Neil Mehta, Kevin Mitchell  told analysts during the 2016 first quarter earnings conference call on April 29, 2016 that although Phillips has talked about divestitureof its California refineries in the past at this point Phillips will just hold on to them at this point in time. "California we talked about a lot the hold cost or the option value is really not much there is not a lot of capital in front of us in California last few year margins have been very good in California so it's a net cash contributor," said Mitchell. "And you think about could you sell asset probably but could we did good value for it, probably not and so I think we just hold it at this point in time they're good assets, they're probably mid back in terms of where they set their cost structure, but given the option value to keep, I think it'll just hang on."<ref>[http://seekingalpha.com/article/3969764-phillips-66s-psx-ceo-greg-garland-q1-2016-results-earnings-call-transcript?part=single Seeking Alpha.  "Phillips 66's (PSX) CEO Greg Garland on Q1 2016 Results - Earnings Call Transcript"  April 29, 2016.]</ref>
 +
 
 +
===November 16, 2015: Phillips Reports Flaring at Wilmington Refinery===
 +
Phillips reported flaring at its Wilmington, California refinery, according to a filing with the California Emergency Management Agency.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead111615.pdfUS Department of Energy. "Energy Assurance Daily" November 12, 2015]</ref>
 +
 
 +
===November 11, 2015: Phillips Reports Flaring at Wilmington Refinery===
 +
Phillips reported unplanned flaring at the Carson facility of its Wilmington, CA refinery Wednesday afternoon, according to a filing with the South Coast Air Quality Management District. The refinery has two linked facilities about 5 miles apart in Carson and Wilmington. The former processes crude oil while the latter upgrades the products. <ref>[http://www.oe.netl.doe.gov/docs/eads/ead111215.pdfUS Department of Energy. "Energy Assurance Daily" November 12, 2015]</ref>
 +
 
 +
===November 6, 2015: Phillips Reports Flaring Event at Wilmington Refinery===
 +
Phillips reported a flaring event at its Wilmington, California refinery, according to a filing with the California Emergency Management Agency. The refinery has two linked facilities about five miles apart in Carson and Wilmington. The former processes crude oil while the latter upgrades the products.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead110615.pdfUS Department of Energy. "Energy Assurance Daily" November 6, 2015]</ref>
 +
 
 +
===October 30, 2015: Phillips Reports Unplanned Flaring at Wilmington Refinery===
 +
Phillips reported unplanned flaring at its Los Angeles-area refinery in Wilmington, California, according to a filing with state pollution regulators.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead110215.pdfUS Department of Energy. "Energy Assurance Daily" November 2, 2015]</ref>
 +
 
 +
===October 30, 2015: Phillips Reports Emissions at Wilmington Refinery===
 +
Phillips reported a flaring event at its Wilmington, California, refinery. The company said the refinery continues to operate<ref>[http://www.oe.netl.doe.gov/docs/eads/ead103015.pdfUS Department of Energy. "Energy Assurance Daily" October 30, 2015]</ref>
 +
 
 +
===October 3, 2015: Phillips Reports Unplanned Flaring at Carson Refinery===
 +
Phillips Reports Unplanned Flaring at Carson Refinery<ref>[http://www.oe.netl.doe.gov/docs/eads/ead100515.pdfUS Department of Energy. "Energy Assurance Daily" October 5, 2015]</ref>
 +
 
 +
===October 1, 2015: Phillips Reports Flaring at Wilmington Refinery===
 +
Phillips Reports Flaring at Wilmington Refinery <ref>[http://www.oe.netl.doe.gov/docs/eads/ead100115.pdfUS Department of Energy. "Energy Assurance Daily" October 1, 2015]</ref>
 +
 
 +
===August 30, 2015: Phillips Reports Flaring at Wilmington Refinery===
 +
Phillips reported flaring at Wilmington Refinery according to a report from Reuters on August 30, 2015.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead090115.pdfUS Department of Energy. "Energy Assurance Daily" September 1, 2015]</ref>
 +
 
 +
===July 15, 2015: Phillips Reports Unplanned Flaring at Wilmington Refinery===
 +
Phillips reported unplanned flaring at Wilmington Refinery according to a report from Reuters on July 15, 2015.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead071615.pdfUS Department of Energy. "Energy Assurance Daily" July 16, 2015]</ref>
 +
 
 +
===June 24, 2015: Phillips Reports Unplanned Flaring at Wilmington Refinery===
 +
Phillips reported unplanned flaring at Wilmington Refinery according to a report from Reuters on June 24, 2015.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead062515.pdfUS Department of Energy. "Energy Assurance Daily" June 25, 2015]</ref>
 +
 
 +
===June 8, 2015: Planned Maintenance Underway at Wilmington Refinery===
 +
Nasdq reported on June 8, 2015 that planned maintenance is underway at the Wilmington Refinery. Phillips has planned maintenance underway at five of its worldwide refineries: Humber Refinery, Wilmington Refinery, Ponca City Refinery, Wood River Refinery, and Whitegate Refinery. Phillips did not indicate whether fuel output may be impacted, and representatives from Phillips 66 weren't immediately available to comment.<ref>[http://www.nasdaq.com/article/phillips-66-says-planned-maintenance-underway-at-five-refineries-20150608-00748 Nasdaq. "Phillips 66 Says Planned Maintenance Underway at Five Refineries" June 8, 2015.]</ref>
 +
 
 +
===April 30, 2015: Garland Says California is a Challenged Place to Do Business===
 +
In answer to a question from Paul Cheng of Barclays on whether management views California as a core part Phillips long-term portfolio, Greg Garland announced during the 2015 first quarter earnings conference call that Phillips' management thinks California is really a challenged place to do business. "And we think we have kind of - we have good assets, but we think they’re average you have crossed that portfolio. And so we’ll continue to work the thick strategy around the West Coast as we look at more optionality around getting the advantage crude into those assets so kind of cost structure, et cetera, around those assets. But I would say, there’s nothing that’s changed our fundamental view on West Coast assets today."<ref>[http://seekingalpha.com/article/3126366-phillips-66s-psx-ceo-greg-garland-on-q1-2015-results-earnings-call-transcript Seeking Alpha.  "Phillips 66's (PSX) CEO Greg Garland on Q1 2015 Results - Earnings Call Transcript"  April 30, 2015.]</ref>
 +
 
 +
===March 25, 2015: Phillips Reports Breakdown, Emissions at Wilmington Refinery===
 +
Phillips 66 reported a breakdown and emissions at Wilmington Refinery on March 25, 2015.<ref>[https://www.oe.netl.doe.gov/docs/eads/ead032615.pdfUS Department of Energy. "Energy Assurance Daily" March 25, 2015]</ref>
 +
 
 +
===March 15, 2015: Phillips Reports Unplanned Flaring, Breakdown Wilmington Refinery===
 +
Phillips reported unplanned flaring due to a breakdown at its Los Angeles-area refinery in Wilmington, California, according to a filing with the South Coast Air Quality Management District.<ref>[https://www.oe.netl.doe.gov/docs/eads/ead031615a.pdfUS Department of Energy. "Energy Assurance Daily" March 15, 2015]</ref>
 +
 
 +
===January 29, 2015: Heavy Black Smoke Spews from Flare at Wilmington Refinery===
 +
The Daily Breeze reported on January 29, 2015 that heavy black smoke billowed across the Harbor Area and South Bay from a flare at Phillips 66’s Wilmington oil refinery after an unspecified emergency interrupted the steam system. Phillips 66 spokeswoman Janet Grothe said the South Coast Air Quality Management District was notified of the incident. Refinery tests found that the flares prevented any harmful air emissions from reaching the surrounding community. “Air monitoring has indicated no off-site impact and the refinery continues to operate,” Grothe said.<ref>[http://www.dailybreeze.com/business/20150129/heavy-black-smoke-spews-from-flare-at-phillips-66-refinery-in-wilmington Daily Breeze.  "Heavy black smoke spews from flare at Phillips 66 refinery in Wilmington" by Sandy Mazza.  January 29, 2015.]</ref>
 +
 
 +
===January 23, 2015: Phillips Reports Flaring at Los Angeles Refinery===
 +
Phillips 66 reported flaring at Los Angeles Refinery on January 23, 2015.<ref>[https://www.oe.netl.doe.gov/docs/eads/ead012615a.pdfUS Department of Energy. "Energy Assurance Daily" January 26, 2015]</ref>
 +
 
 +
===January 12, 2015: Phillips Reports Flaring at Wilmington Refinery===
 +
Phillips reported a flaring event due to unknown reasons at its Wilmington, California refinery, according to a filing with the California Emergency Management Agency.<ref>[https://www.oe.netl.doe.gov/docs/eads/ead011315.pdfUS Department of Energy. "Energy Assurance Daily" January 12, 2015]</ref>
 +
 
 +
===January 1, 2015: Phillips Reports Power Failure at  Wilmington Refinery===
 +
Phillips reported a power failure at its Los Angeles area refinery in Wilmington, California, on Thursday,according to a filing with the California Emergency Management Agency. The event led to the release of sulfur dioxide vapors, the filing said.<ref>[https://www.oe.netl.doe.gov/docs/eads/ead010215.pdfUS Department of Energy. "Energy Assurance Daily" January 1, 2015]</ref>
 +
 
 +
===October 30, 2014: Phillips 66 Reports Flaring at Wilmington Refinery===
 +
Phillips 66 reported flaring at its Wilmington, California refinery, according to a filing with the California Emergency Management Agency. The Phillips 66 refinery has two linked facilities about 5 miles apart in Carson and Wilmington.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead103114.pdf United Steelworkers.  US Department of Energy. "Energy Assurance Daily" October 31, 2014]</ref>
 +
 
 +
===August 20, 2014: Phillips Report Flaring at Wilmington Refinery===
 +
Phillips reported a flaring event at its refinery in Wilmington, California, caused the release of chemical substance, according to a filing with the California Emergency Management Agency. The refinery has two linked facilities about five miles apart in Carson and Wilmington. The former processes crude oil while the latter upgrades the products.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead082114.pdf United Steelworkers.  US Department of Energy. "Energy Assurance Daily" August 21, 2014]</ref>
 +
 
 +
===July 14, 2014: Phillips Reports Loss of Steam at Carson Refinery===
 +
Phillips reported its Carson, California, refinery experienced loss of steam resulting in flaring. The refinery has two linked facilities about five miles apart in Carson and Wilmington, California.  Reuters, 11:54 July 14, 2014  <ref>[http://www.oe.netl.doe.gov/docs/eads/ead071514.pdf US Department of Energy.  "Energy Assurance Daily" July 16, 2014]</ref>
 +
 
 +
===July 8, 2014: Representative Hahn Sends Letter to State Fire Marshal about Phillips Violations After Oil Spill===
 +
Zamná Ávila reported at Random Length News on July 8, 2014 that Representative Janice Hahn sent a letter to California Fire Marshal Tonya Hoover with regards to the Phillips 66 violations in a recent oil spill requesting an update on the office’s progress in citing Phillips 66 for federal law violations. “The 1,200 gallon oil spill in Wilmington placed the health of hundreds in danger due to a failure to follow federal law regarding pipeline safety,” Hahn wrote. “The families of Wilmington remain uncompensated for the destruction of their property, and the federal government is unable to act until your office cites the company for wrongdoing.” Hahn expressed her disappointment that Phillips 66 had not yet been cited.<ref>[http://www.randomlengthsnews.com/rln-news-of-the-day-july-16-2014/ Random Length News.  "Hahn Sends Letter to State Fire Marshal about Phillips 66 Violations" by Zamná Ávila.  July 8, 2014.]</ref>
 +
 
 +
===July 7, 2014: Phillips Reports Process Upset at Carson Refinery===
 +
Phillips reported RP states high sulfur in fuel gas resulted in excess of RQ for SOC (500 LBS in a 24-hour period), according to a filing with the California Emergency Management Agency.  <ref>[http://www.oe.netl.doe.gov/docs/eads/ead070814.pdf US Department of Energy.  "Energy Assurance Daily" July 8, 2014]</ref>
 +
 
 +
===May 26, 2014: Phillips Reports Ammonia Release at Wilmington Refinery===
 +
Phillips reported release of anhydrous ammonia at its Los Angeles-area refinery in Wilmington, California, on Monday, according to a filing with state pollution regulators. The filing did not specify whether the event had an impact on production.<ref>[http://www.oe.netl.doe.gov/docs/eads/ead052814.pdf US Department of Energy.  "Energy Assurance Daily" May 28, 2014]</ref>
 +
 
 +
===March 18, 2014: Crack in Idle Phillips Pipeline Spews Crude Oil onto Wilmington Streets===
 
The Wilmington Press-Telegrapm reported on March 18, 2014 that a crack in an idle Phillips oil pipeline, possibly caused by this week’s 4.4-magnitude earthquake, spewed thousands of gallons of crude oil onto a residential street in Wilmington. “After a thorough investigation of the source, we can confirm the leak is coming from an idle pipeline owned by Phillips 66,” said Phillips spokeswoman Monica Silva. “We are working to stop the leak and have recovered approximately 30 barrels of oil. Clean-up efforts continue.” Silva declined to elaborate on why the unused 10-inch pipeline was filled with crude oil. Normally, when a pipeline is not being used, oil companies will fill it with concrete slurry. However, if they think they may want to use the line again, they try to keep it viable. In this case, the oil may have been stored in the line to keep it from corroding or collapsing, fire officials said. Silva said oil company officials will not say more about the issue until Wednesday.<ref>[http://www.presstelegram.com/general-news/20140318/crack-in-idle-phillips-66-pipeline-spews-crude-oil-onto-wilmington-streets Wilmington Press-Telegram.  "Crack in idle Phillips 66 pipeline spews crude oil onto Wilmington streets" by Brad Graverson.  March 18, 2014.]</ref>  
 
The Wilmington Press-Telegrapm reported on March 18, 2014 that a crack in an idle Phillips oil pipeline, possibly caused by this week’s 4.4-magnitude earthquake, spewed thousands of gallons of crude oil onto a residential street in Wilmington. “After a thorough investigation of the source, we can confirm the leak is coming from an idle pipeline owned by Phillips 66,” said Phillips spokeswoman Monica Silva. “We are working to stop the leak and have recovered approximately 30 barrels of oil. Clean-up efforts continue.” Silva declined to elaborate on why the unused 10-inch pipeline was filled with crude oil. Normally, when a pipeline is not being used, oil companies will fill it with concrete slurry. However, if they think they may want to use the line again, they try to keep it viable. In this case, the oil may have been stored in the line to keep it from corroding or collapsing, fire officials said. Silva said oil company officials will not say more about the issue until Wednesday.<ref>[http://www.presstelegram.com/general-news/20140318/crack-in-idle-phillips-66-pipeline-spews-crude-oil-onto-wilmington-streets Wilmington Press-Telegram.  "Crack in idle Phillips 66 pipeline spews crude oil onto Wilmington streets" by Brad Graverson.  March 18, 2014.]</ref>  
  
Line 16: Line 359:
 
Phillips, which earlier in the day said it was almost positive that it was not to blame for the leak, later took responsibility and put the blame on one of its out-of-service pipes. Janet Grothe, a spokeswoman for Phillips 66, said the company would investigate why oil remained in the pipe, which she said was taken out of service before Phillips 66 acquired it. Los Angeles Councilman Joe Buscaino, who was touring the area, said the pipe had been withdrawn from service in 1998. Don Ellis, a hazardous-materials specialist with the Los Angeles County Fire Department, said that when an underground oil pipeline is withdrawn from use, it is supposed to be capped and the material inside vacuumed out. Although Phillips initially thought the pipe didn't belong to the firm, the company was involved in the cleanup early on "as a good neighbor," Grothe said adding that Phillips' crews would steam clean the street and that repairs would be completed in a week.<ref>[http://www.latimes.com/local/la-me-0319-crude-oil-20140319,0,5512772.story LA Times.  "Phillips 66 oil line in Wilmington blamed for 1,200-gallon spill"  by Jeff Gottlieb.  March 18, 2014.]</ref>
 
Phillips, which earlier in the day said it was almost positive that it was not to blame for the leak, later took responsibility and put the blame on one of its out-of-service pipes. Janet Grothe, a spokeswoman for Phillips 66, said the company would investigate why oil remained in the pipe, which she said was taken out of service before Phillips 66 acquired it. Los Angeles Councilman Joe Buscaino, who was touring the area, said the pipe had been withdrawn from service in 1998. Don Ellis, a hazardous-materials specialist with the Los Angeles County Fire Department, said that when an underground oil pipeline is withdrawn from use, it is supposed to be capped and the material inside vacuumed out. Although Phillips initially thought the pipe didn't belong to the firm, the company was involved in the cleanup early on "as a good neighbor," Grothe said adding that Phillips' crews would steam clean the street and that repairs would be completed in a week.<ref>[http://www.latimes.com/local/la-me-0319-crude-oil-20140319,0,5512772.story LA Times.  "Phillips 66 oil line in Wilmington blamed for 1,200-gallon spill"  by Jeff Gottlieb.  March 18, 2014.]</ref>
  
=====December 31, 2013: Eleven Workers Treated After Hazardous Materials Leak at Wilmington Refinery=====
+
===February 26, 2014: Phillips 66 Reports Flaring at Wilmington Refinery===
 +
Phillips 66 reported flaring at its Los Angeles-area refinery in Wilmington, California, on Wednesday, according to a filing with state pollution regulators. The filing did not specify whether the malfunction caused any production impact.<ref>[https://www.facebook.com/OilBargaining?ref=stream&hc_location=stream United Steelworkers.  Refinery Events for February 21 – 27, 2014]</ref>
 +
 
 +
===February 19, 2014: Phillips 66 Reports Unspecified Material Combustion at Wilmington Refinery===
 +
Phillips 66 reported an unspecified material combustion due to unknown reasons at its Los Angeles-area refinery in Wilmington, California, on Wednesday, according to a filing with state pollution regulators. The filing did not specify whether the malfunction caused any production impact.<ref>[https://www.facebook.com/OilBargaining?ref=stream&hc_location=stream United Steelworkers.  Refinery Events for February 14 – 20, 2014]</ref>
 +
 
 +
===December 31, 2013: Eleven Workers Treated After Hazardous Materials Leak at Wilmington Refinery===
 
The Daily Breeze reported on December 31, 2013 that eleven workers were briefly treated for possible respiratory problems on December 31, 2013 following a sulfur dioxide leak at the Phillips 66 Refinery in Wilmington. A firefighter at the refinery said the 11 people were workers who had been exposed to sulfur dioxide gas. They were taken to hospitals for emergency treatment in fair condition said Katherine Main of the Los Angeles Fire Department. Other workers were told to shelter in place inside buildings on the refinery. By 11 a.m., the LAFD reported that the situation was “static’’ and there was “no active leak (and) no danger to the community." “All other refinery employees and contract workers have been accounted for and are safe. The area has been secured and the refinery is running under normal operations,’’ said Phillips 66 spokesman Rich Johnson.<ref>[http://www.dailybreeze.com/general-news/20131231/11-workers-treated-after-hazardous-materials-leak-at-phillips-66-refinery-in-wilmington Daily Breeze "11 workers treated after hazardous materials leak at Phillips 66 Refinery in Wilmington" December 31, 2013.]</ref>
 
The Daily Breeze reported on December 31, 2013 that eleven workers were briefly treated for possible respiratory problems on December 31, 2013 following a sulfur dioxide leak at the Phillips 66 Refinery in Wilmington. A firefighter at the refinery said the 11 people were workers who had been exposed to sulfur dioxide gas. They were taken to hospitals for emergency treatment in fair condition said Katherine Main of the Los Angeles Fire Department. Other workers were told to shelter in place inside buildings on the refinery. By 11 a.m., the LAFD reported that the situation was “static’’ and there was “no active leak (and) no danger to the community." “All other refinery employees and contract workers have been accounted for and are safe. The area has been secured and the refinery is running under normal operations,’’ said Phillips 66 spokesman Rich Johnson.<ref>[http://www.dailybreeze.com/general-news/20131231/11-workers-treated-after-hazardous-materials-leak-at-phillips-66-refinery-in-wilmington Daily Breeze "11 workers treated after hazardous materials leak at Phillips 66 Refinery in Wilmington" December 31, 2013.]</ref>
  
=====October 30, 2013: Garland Says the Option Value to Hold onto West Coast Refineries at Los Angeles and San Francisco is Not High=====
+
===October 30, 2013: Garland Says the Option Value to Hold onto West Coast Refineries at Los Angeles and San Francisco is Not High===
 
In answer to a question from Bradley Olsen of Tudor Pickering Holt & Co. Securities, Inc. Garland told analysts at the third quarter earnings conference on October 30, 2013 that the option value to hold onto West Coast Refineries at Los Angeles and San Francisco is not high. "I think in any time we look at an asset and we’re going to let an asset go, if we are going to get value for PSX shareholders, it has to be tax efficient in terms of the transaction itself. And we look at these assets East and West Coast, we’ll put in advantaged crudes, so that we think we can make them better and drive more value ultimately and optionality that thing, we look at these assets both east and west, we don’t have to put a lot of money into these assets," said Garland. "The option value to hold on is not high for us and again they are generating positive cash or generating maybe single-digit returns, but they are adding value to the portfolio overall. So we don’t feel like there it is stressed assets, we just have to move today. So we’ll hold them for some option value. We’ll consider multiple ways to create values with these assets, but in the mean time we’re going to work to make them better."<ref>[http://seekingalpha.com/article/1787822-phillips-66s-ceo-discusses-q3-2013-results-earnings-call-transcript?part=single Seeking Alpha. "Phillips 66's CEO Discusses Q3 2013 Results - Earnings Call Transcript" October 30, 2013.]</ref>
 
In answer to a question from Bradley Olsen of Tudor Pickering Holt & Co. Securities, Inc. Garland told analysts at the third quarter earnings conference on October 30, 2013 that the option value to hold onto West Coast Refineries at Los Angeles and San Francisco is not high. "I think in any time we look at an asset and we’re going to let an asset go, if we are going to get value for PSX shareholders, it has to be tax efficient in terms of the transaction itself. And we look at these assets East and West Coast, we’ll put in advantaged crudes, so that we think we can make them better and drive more value ultimately and optionality that thing, we look at these assets both east and west, we don’t have to put a lot of money into these assets," said Garland. "The option value to hold on is not high for us and again they are generating positive cash or generating maybe single-digit returns, but they are adding value to the portfolio overall. So we don’t feel like there it is stressed assets, we just have to move today. So we’ll hold them for some option value. We’ll consider multiple ways to create values with these assets, but in the mean time we’re going to work to make them better."<ref>[http://seekingalpha.com/article/1787822-phillips-66s-ceo-discusses-q3-2013-results-earnings-call-transcript?part=single Seeking Alpha. "Phillips 66's CEO Discusses Q3 2013 Results - Earnings Call Transcript" October 30, 2013.]</ref>
  
=====September 27, 2013: Phillips Reports Flaring at Wilmington Refinery=====
+
===September 27, 2013: Phillips Reports Flaring at Wilmington Refinery===
 
Phillips 66 reported sulfur dioxide emissions led to flaring at its Los Angeles-area refinery in Wilmington, California, according to a filing with state pollution regulators. <ref>[http://assets.usw.org/oil-bargaining/refinery-events/september-2013-refinery-events/Refinery-Events-Sept-27-Oct-1-2013.pdf United Steelworkers. Refinery Events September 27, 2013—October 1, 2013]</ref>
 
Phillips 66 reported sulfur dioxide emissions led to flaring at its Los Angeles-area refinery in Wilmington, California, according to a filing with state pollution regulators. <ref>[http://assets.usw.org/oil-bargaining/refinery-events/september-2013-refinery-events/Refinery-Events-Sept-27-Oct-1-2013.pdf United Steelworkers. Refinery Events September 27, 2013—October 1, 2013]</ref>
  
=====September 5, 2013: Phillips Has Wet Gas Compressor Breakdown at Wilmington Refinery=====
+
===September 5, 2013: Phillips Has Wet Gas Compressor Breakdown at Wilmington Refinery===
 
Phillips 66 reported the breakdown of a wet gas compressor system at its Wilmington Refinery according to a filing with the California Emergency Management Agency. The incident led to sulfur dioxide emissions, the filing said. <ref>[http://assets.usw.org/oil-bargaining/refinery-events/september-2013-refinery-events/Refinery-Events-Sept-6-12-2013.pdf United Steelworkers. Refinery Events September 6, 2013—September 12, 2013]</ref>
 
Phillips 66 reported the breakdown of a wet gas compressor system at its Wilmington Refinery according to a filing with the California Emergency Management Agency. The incident led to sulfur dioxide emissions, the filing said. <ref>[http://assets.usw.org/oil-bargaining/refinery-events/september-2013-refinery-events/Refinery-Events-Sept-6-12-2013.pdf United Steelworkers. Refinery Events September 6, 2013—September 12, 2013]</ref>
  
=====August 12, 2013: Carson Refinery Flares Gas=====
+
===August 12, 2013: Carson Refinery Flares Gas===
 
Bloomberg reported on August 12, 2013 that the Carson Refinery refinery reported flaring at 12:40 a.m. local time, according to a notice to state regulators. The same part of the refinery reported flaring on July 29.<ref>[http://www.bloomberg.com/news/2013-08-12/los-angeles-gasoline-strengthens-as-carson-refinery-flares-gases.html Bloomberg. "Los Angeles Gasoline Strengthens as Carson Refinery Flares Gases" by Eliot Caroom. August 12, 2013.]</ref>
 
Bloomberg reported on August 12, 2013 that the Carson Refinery refinery reported flaring at 12:40 a.m. local time, according to a notice to state regulators. The same part of the refinery reported flaring on July 29.<ref>[http://www.bloomberg.com/news/2013-08-12/los-angeles-gasoline-strengthens-as-carson-refinery-flares-gases.html Bloomberg. "Los Angeles Gasoline Strengthens as Carson Refinery Flares Gases" by Eliot Caroom. August 12, 2013.]</ref>
  
=====July 29, 2013:  Carson Refinery Flares Gas=====
+
===July 29, 2013:  Carson Refinery Flares Gas===
 
Bloomberg reported on August 12, 2013 that the Carson Refinery refinery reported flaring on July 29, 2013.<ref>[http://www.bloomberg.com/news/2013-08-12/los-angeles-gasoline-strengthens-as-carson-refinery-flares-gases.html Bloomberg. "Los Angeles Gasoline Strengthens as Carson Refinery Flares Gases" by Eliot Caroom. August 12, 2013.]</ref>
 
Bloomberg reported on August 12, 2013 that the Carson Refinery refinery reported flaring on July 29, 2013.<ref>[http://www.bloomberg.com/news/2013-08-12/los-angeles-gasoline-strengthens-as-carson-refinery-flares-gases.html Bloomberg. "Los Angeles Gasoline Strengthens as Carson Refinery Flares Gases" by Eliot Caroom. August 12, 2013.]</ref>
  
=====June 7, 2013: Phillips Reports Unplanned Flaring at Wilmington Refinery=====
+
===June 7, 2013: Phillips Reports Unplanned Flaring at Wilmington Refinery===
 
Phillips 66 reported unplanned flaring at its Wilmington refinery began the morning of June 7 and continued until late night on June 8, according to a filing with the South Coast Air Quality Management District.<ref>[http://assets.usw.org/oil-bargaining/refinery-events/june-refinery-events-2013/Refinery-Events-June-7-13-2013.pdf United Steelworkers. Refinery Events - (June 7, 2013 through June 13, 2013)]</ref>
 
Phillips 66 reported unplanned flaring at its Wilmington refinery began the morning of June 7 and continued until late night on June 8, according to a filing with the South Coast Air Quality Management District.<ref>[http://assets.usw.org/oil-bargaining/refinery-events/june-refinery-events-2013/Refinery-Events-June-7-13-2013.pdf United Steelworkers. Refinery Events - (June 7, 2013 through June 13, 2013)]</ref>
  
=====May 10, 2013: Phillips Plans to Flare Sulfur Oxide at Wilmington Refinery from May 12 to May 26=====
+
===May 10, 2013: Phillips Plans to Flare Sulfur Oxide at Wilmington Refinery from May 12 to May 26===
 
Fox Business reported on May 10, 2013 that Phillips plans to flare sulfur oxide and other gases from May 12 until May 26, 2013 according to a filing with the South Coast Air Quality Management District. A Phillips 66 spokesman declined to comment on the refinery's activities.<ref>[http://www.foxbusiness.com/news/2013/05/10/phillips-66-plans-gas-flaring-at-wilmington-calif-refinery-filing/ Fox Business. "Phillips 66 Plans Gas Flaring at Wilmington, Calif., Refinery-Filing" by Ben Lefebre. May 10, 2013.]</ref>
 
Fox Business reported on May 10, 2013 that Phillips plans to flare sulfur oxide and other gases from May 12 until May 26, 2013 according to a filing with the South Coast Air Quality Management District. A Phillips 66 spokesman declined to comment on the refinery's activities.<ref>[http://www.foxbusiness.com/news/2013/05/10/phillips-66-plans-gas-flaring-at-wilmington-calif-refinery-filing/ Fox Business. "Phillips 66 Plans Gas Flaring at Wilmington, Calif., Refinery-Filing" by Ben Lefebre. May 10, 2013.]</ref>
  
=====April 13, 2013: Unspecified Breakdown Causes Flaring at Wilmington Refinery=====
+
===April 13, 2013: Unspecified Breakdown Causes Flaring at Wilmington Refinery===
 
Phillips reported unplanned flaring due to a breakdown at its Wilmington refinery, according to a filing with the South Coast Air Quality Management District.<ref>[http://assets.usw.org/oil-bargaining/refinery-events/april-2013-refinery-events/Refinery-Events-April-12-18-2013.pdf United Steelworkers. Refinery Events - (April 12, 2013 through April 18, 2013)]</ref>
 
Phillips reported unplanned flaring due to a breakdown at its Wilmington refinery, according to a filing with the South Coast Air Quality Management District.<ref>[http://assets.usw.org/oil-bargaining/refinery-events/april-2013-refinery-events/Refinery-Events-April-12-18-2013.pdf United Steelworkers. Refinery Events - (April 12, 2013 through April 18, 2013)]</ref>
  
=====April 4, 2013: Fire Extinguished at Wilmington Refinery=====
+
===April 4, 2013: Fire Extinguished at Wilmington Refinery===
 
Fox Business reported on April 4, 2013 that a small fire in a coking unit at the Wilmington Refinery was put out quickly and caused no injuries.<ref>[http://www.foxbusiness.com/news/2013/04/04/refinery-status-leak-fire-at-lyondellbasell-2/ Fox Business. "Refinery Status: Leak, Fire at LyondellBasell -2-" April 4, 2013.]</ref>
 
Fox Business reported on April 4, 2013 that a small fire in a coking unit at the Wilmington Refinery was put out quickly and caused no injuries.<ref>[http://www.foxbusiness.com/news/2013/04/04/refinery-status-leak-fire-at-lyondellbasell-2/ Fox Business. "Refinery Status: Leak, Fire at LyondellBasell -2-" April 4, 2013.]</ref>
  
=====March 28, 2013: Phillips Shuts Down Leaky Isomerization Unit at Los Angeles Refinery=====
+
===March 28, 2013: Phillips Shuts Down Leaky Isomerization Unit at Los Angeles Refinery===
 
Bloomberg reported on March 18, 2013 that Phillips shut an isomerization unit on March 18, 2013 at their Los Angeles Refinery after discovering a leak, a person with direct knowledge of the work said. The unit, which makes unleaded gasoline components, may remain down until tomorrow for line repairs, the person said.<ref>[http://www.bloomberg.com/news/2013-03-18/los-angeles-gasoline-advances-as-phillips-66-exxon-repair-units.html Bloomberg. "Los Angeles Gasoline Advances as Phillips 66, Exxon Repair Units" March 18, 2013.]</ref>
 
Bloomberg reported on March 18, 2013 that Phillips shut an isomerization unit on March 18, 2013 at their Los Angeles Refinery after discovering a leak, a person with direct knowledge of the work said. The unit, which makes unleaded gasoline components, may remain down until tomorrow for line repairs, the person said.<ref>[http://www.bloomberg.com/news/2013-03-18/los-angeles-gasoline-advances-as-phillips-66-exxon-repair-units.html Bloomberg. "Los Angeles Gasoline Advances as Phillips 66, Exxon Repair Units" March 18, 2013.]</ref>
  
=====February 7, 2013: Phillips Reports Flaring at Wilmington Refinery=====
+
===February 7, 2013: Phillips Reports Flaring at Wilmington Refinery===
 
Phillips 66 reported a flaring event at its Wilmington refinery February 7, 2013, according to a filing with the California Emergency Management Agency. Operators were investigating the incident, which caused more than 500 pounds of sulfur dioxide to release to the atmosphere. <ref>[http://assets.usw.org/oil-bargaining/refinery-events/february-2013-refinery-events/Refinery-Events-Feb-8-14-2013.pdf United Steelworkers. Refinery Events - (Feb. 8, 2013 through Feb. 14, 2013)]</ref>
 
Phillips 66 reported a flaring event at its Wilmington refinery February 7, 2013, according to a filing with the California Emergency Management Agency. Operators were investigating the incident, which caused more than 500 pounds of sulfur dioxide to release to the atmosphere. <ref>[http://assets.usw.org/oil-bargaining/refinery-events/february-2013-refinery-events/Refinery-Events-Feb-8-14-2013.pdf United Steelworkers. Refinery Events - (Feb. 8, 2013 through Feb. 14, 2013)]</ref>
  
=====February 5, 2013: Canadian Crude is Being Transported to Los Angeles Refinery=====
+
===February 5, 2013: Canadian Crude is Being Transported to Los Angeles Refinery===
 
Reuters reported on February 5, 201 that Tim Taylor, Phillips executive vice president for commercial, marketing, transportation and business development, told the Credit Suisse energy conference that Phillips has begun moving cut-price Canadian crude to its California refineries at Los Angeles and San Francisco via rail. "We're beginning to deliver Canadian crude to our California refineries by rail," said Taylor. Garland told Reuters on January 30, 2013 that Phillips was looking at coiled tube cars that are suited to bitumen in Canada's heavy oil deposits that must be heated in order to flow.<ref>[http://www.reuters.com/article/2013/02/05/phillips66-california-crude-idUSL1N0B5JMJ20130205 Reuters. "UPDATE 1-Phillips 66 moving some Canadian crude to Calif. refineries" by Kristen Hays. February 5, 2013.]</ref>
 
Reuters reported on February 5, 201 that Tim Taylor, Phillips executive vice president for commercial, marketing, transportation and business development, told the Credit Suisse energy conference that Phillips has begun moving cut-price Canadian crude to its California refineries at Los Angeles and San Francisco via rail. "We're beginning to deliver Canadian crude to our California refineries by rail," said Taylor. Garland told Reuters on January 30, 2013 that Phillips was looking at coiled tube cars that are suited to bitumen in Canada's heavy oil deposits that must be heated in order to flow.<ref>[http://www.reuters.com/article/2013/02/05/phillips66-california-crude-idUSL1N0B5JMJ20130205 Reuters. "UPDATE 1-Phillips 66 moving some Canadian crude to Calif. refineries" by Kristen Hays. February 5, 2013.]</ref>
  
=====January 30, 2013: Garland Does Not Rule Out a Sale of Los Angeles Refinery=====
+
===January 30, 2013: Garland Does Not Rule Out a Sale of Los Angeles Refinery===
 
Reuters reports that Greg Garland told investors on January 30, 2013 at the 4th quarter earnings conference that Phillips did not rule out a sale of Phillips two California refineries, one at Los Angeles and one at San Francisco, given challenges with state regulatory requirements and high costs. "We're studying any and all options for California in terms of where do we go long-term in the business," said Garland. "We are doing everything we can to improve it. I don't feel it's a distressed asset. We want to take our time and be thoughtful."<ref>[http://www.reuters.com/article/2013/01/30/phillips66-california-idUSL1N0AZC0K20130130 Reuters. "Phillips 66 mulling options for California refineries" by Kristen Hays.]</ref>
 
Reuters reports that Greg Garland told investors on January 30, 2013 at the 4th quarter earnings conference that Phillips did not rule out a sale of Phillips two California refineries, one at Los Angeles and one at San Francisco, given challenges with state regulatory requirements and high costs. "We're studying any and all options for California in terms of where do we go long-term in the business," said Garland. "We are doing everything we can to improve it. I don't feel it's a distressed asset. We want to take our time and be thoughtful."<ref>[http://www.reuters.com/article/2013/01/30/phillips66-california-idUSL1N0AZC0K20130130 Reuters. "Phillips 66 mulling options for California refineries" by Kristen Hays.]</ref>
  
 
Garland told analysts that Phillips 66 was looking at getting railcars capable of hauling even cheaper Canadian heavy crude to the company's refineries in California. However, he said resistance to such a move was likely. A 2006 California law requiring sharp cuts in emissions has a component that would require refineries to run crudes produced in environmentally friendly ways. Canadian crude production comes with high emissions. Plus, California has the huge Monterey shale, estimated by the U.S. government to have more reserves than the prolific Eagle Ford in Texas or Bakken in North Dakota. But output has been spotty with geology that differs from those other plays. Given those uncertainties, Garland told Reuters in an interview that for the time being, Phillips 66 will focus on improving the California refineries' single-digit returns while studying a possible sale, joint venture or spinoff. "The option value to hold California is zero. It really costs us nothing."<ref>[http://www.reuters.com/article/2013/01/30/phillips66-california-idUSL1N0AZC0K20130130 Reuters. "Phillips 66 mulling options for California refineries" by Kristen Hays.]</ref>
 
Garland told analysts that Phillips 66 was looking at getting railcars capable of hauling even cheaper Canadian heavy crude to the company's refineries in California. However, he said resistance to such a move was likely. A 2006 California law requiring sharp cuts in emissions has a component that would require refineries to run crudes produced in environmentally friendly ways. Canadian crude production comes with high emissions. Plus, California has the huge Monterey shale, estimated by the U.S. government to have more reserves than the prolific Eagle Ford in Texas or Bakken in North Dakota. But output has been spotty with geology that differs from those other plays. Given those uncertainties, Garland told Reuters in an interview that for the time being, Phillips 66 will focus on improving the California refineries' single-digit returns while studying a possible sale, joint venture or spinoff. "The option value to hold California is zero. It really costs us nothing."<ref>[http://www.reuters.com/article/2013/01/30/phillips66-california-idUSL1N0AZC0K20130130 Reuters. "Phillips 66 mulling options for California refineries" by Kristen Hays.]</ref>
  
=====January 30, 2013: Garland Says Phillips Utilization Rate Was Negatively Impacted by Turnaround at Los Angeles Refinery=====
+
===January 30, 2013: Garland Says Phillips Utilization Rate Was Negatively Impacted by Turnaround at Los Angeles Refinery===
 
Greg Garland told analysts at the 4th quarter earnings conference on January 30, 2013 that Phillips utilization rate was negatively impacted by the turnaround at the Los Angeles Refinery as well as turnarounds at Wood River and Borger refineries, and Hurricane Sandy related unplanned downtime at the Bayway refinery. "In refining and marketing, our refining realized margin was $13.67 per barrel with a global crude utilization rate of 91% and a clean product yield of 83%," said Garland. "Lower volumes negatively impacted earnings by $42 million, mainly in the Atlantic basin and the Central Corridor regions, reflecting unplanned downtime due to Hurricane Sandy and plant turnarounds."<ref>[http://seekingalpha.com/article/1143771-phillips-66-s-ceo-discusses-q4-2012-results-earnings-call-transcript?part=single Seeking Alpha. "Phillips 66's CEO Discusses Q4 2012 Results - Earnings Call Transcript" January 30, 2013.]</ref>
 
Greg Garland told analysts at the 4th quarter earnings conference on January 30, 2013 that Phillips utilization rate was negatively impacted by the turnaround at the Los Angeles Refinery as well as turnarounds at Wood River and Borger refineries, and Hurricane Sandy related unplanned downtime at the Bayway refinery. "In refining and marketing, our refining realized margin was $13.67 per barrel with a global crude utilization rate of 91% and a clean product yield of 83%," said Garland. "Lower volumes negatively impacted earnings by $42 million, mainly in the Atlantic basin and the Central Corridor regions, reflecting unplanned downtime due to Hurricane Sandy and plant turnarounds."<ref>[http://seekingalpha.com/article/1143771-phillips-66-s-ceo-discusses-q4-2012-results-earnings-call-transcript?part=single Seeking Alpha. "Phillips 66's CEO Discusses Q4 2012 Results - Earnings Call Transcript" January 30, 2013.]</ref>
  
=====November 16, 2012: Planned Flaring to Occur at Wilmington Refinery from November 22 to December 6=====
+
===November 16, 2012: Planned Flaring to Occur at Wilmington Refinery from November 22 to December 6===
 
Bloomberg reported on November 16, 2012 that planned flaring will take place at its Wilmington Refinery from November 22 to December 4, 2012. “Planned maintenance is under way” at the refinery, Dennis Nuss, a spokesman at Phillips 66’s headquarters in Houston, said by e-mail.<ref>[http://www.bloomberg.com/news/2012-11-16/california-gasoline-gains-after-valero-hydrocracker-maintenance.html Bloomberg. "Los Angeles Gasoline Rises as Phillips 66 Refinery Plans Flaring" November 26, 2012.]</ref>
 
Bloomberg reported on November 16, 2012 that planned flaring will take place at its Wilmington Refinery from November 22 to December 4, 2012. “Planned maintenance is under way” at the refinery, Dennis Nuss, a spokesman at Phillips 66’s headquarters in Houston, said by e-mail.<ref>[http://www.bloomberg.com/news/2012-11-16/california-gasoline-gains-after-valero-hydrocracker-maintenance.html Bloomberg. "Los Angeles Gasoline Rises as Phillips 66 Refinery Plans Flaring" November 26, 2012.]</ref>
  
=====November 8, 2012: Planned Flaring to Occur at Carson Refinery from November 10 to November 23=====
+
===November 8, 2012: Planned Flaring to Occur at Carson Refinery from November 10 to November 23===
 
Nasdaq reported on November 13, 2012 that planned flaring will take place at its Carson Refinery between November 10 and 23, 2012. The flaring isn't associated with equipment breakdown, the filing to government regulators said.<ref>[http://www.nasdaq.com/article/refinery-status-unit-upset-at-phillips-66cenovus-refinery-in-wood-river-illinois-20121112-00852#.UKJruuRLWQ0 Nasdaq. "Refinery Status: Unit Upset At Phillips 66/Cenovus Refinery In Wood River, Illinois" November 13, 2012.]</ref>
 
Nasdaq reported on November 13, 2012 that planned flaring will take place at its Carson Refinery between November 10 and 23, 2012. The flaring isn't associated with equipment breakdown, the filing to government regulators said.<ref>[http://www.nasdaq.com/article/refinery-status-unit-upset-at-phillips-66cenovus-refinery-in-wood-river-illinois-20121112-00852#.UKJruuRLWQ0 Nasdaq. "Refinery Status: Unit Upset At Phillips 66/Cenovus Refinery In Wood River, Illinois" November 13, 2012.]</ref>
  
=====October 31, 2012: California Refineries are in Lower Performing Part of Refinery Portfolio and Must Improve=====
+
===October 31, 2012: California Refineries are in Lower Performing Part of Refinery Portfolio and Must Improve===
 
Tim Taylor was asked at the Phillips Third Quarter Earnings Conference on October 31, 2012 if Phillips' position with its two major refineries in California was sufficiently advantaged to warrant continued participation and replied that when Phillips looks at the West Coast, it's been one of the more challenged markets from a recovery standpoint post-recession. "In California, specifically, it's a tough regulatory environment, as well, so costs are higher. And there is a lot of potential additional costs as new regulations come into effect. That said, it's still a very significant market and we think it's really important to look at how can we get some of these crudes out of the middle part of the country into the West Coast, particularly California. So we're working hard on that to try and change that. The comment I'd make in Washington is that that's got a natural access to the Bakken in North Dakota and Canadian crudes. We separate the Washington piece from the California piece that way. But everyone's working hard to look at some crude solutions for the West Coast to improve its competitive position."<ref>[http://www.phillips66.com/EN/investor/presentations_ccalls/Documents/Phillips%2066%20Third%20Quarter%202012%20Earnings%20Transcript.pdf Philips 66. "Phillips Third Quarter Earnings Conference" October 31, 2012]</ref>
 
Tim Taylor was asked at the Phillips Third Quarter Earnings Conference on October 31, 2012 if Phillips' position with its two major refineries in California was sufficiently advantaged to warrant continued participation and replied that when Phillips looks at the West Coast, it's been one of the more challenged markets from a recovery standpoint post-recession. "In California, specifically, it's a tough regulatory environment, as well, so costs are higher. And there is a lot of potential additional costs as new regulations come into effect. That said, it's still a very significant market and we think it's really important to look at how can we get some of these crudes out of the middle part of the country into the West Coast, particularly California. So we're working hard on that to try and change that. The comment I'd make in Washington is that that's got a natural access to the Bakken in North Dakota and Canadian crudes. We separate the Washington piece from the California piece that way. But everyone's working hard to look at some crude solutions for the West Coast to improve its competitive position."<ref>[http://www.phillips66.com/EN/investor/presentations_ccalls/Documents/Phillips%2066%20Third%20Quarter%202012%20Earnings%20Transcript.pdf Philips 66. "Phillips Third Quarter Earnings Conference" October 31, 2012]</ref>
  
Line 76: Line 425:
 
Asked if California would still remain part of Phillips' core portfolio Taylor replied that right now California is in the lower performing part of Phillips portfolio. "So I think that if our assessment would become that it's going to be challenged for some period of time, we've either got to find a way to improve that operation or find some other way to deal with that."<ref>[http://www.phillips66.com/EN/investor/presentations_ccalls/Documents/Phillips%2066%20Third%20Quarter%202012%20Earnings%20Transcript.pdf Philips 66. "Phillips Third Quarter Earnings Conference" October 31, 2012]</ref>
 
Asked if California would still remain part of Phillips' core portfolio Taylor replied that right now California is in the lower performing part of Phillips portfolio. "So I think that if our assessment would become that it's going to be challenged for some period of time, we've either got to find a way to improve that operation or find some other way to deal with that."<ref>[http://www.phillips66.com/EN/investor/presentations_ccalls/Documents/Phillips%2066%20Third%20Quarter%202012%20Earnings%20Transcript.pdf Philips 66. "Phillips Third Quarter Earnings Conference" October 31, 2012]</ref>
  
=====October 24, 2012: Phillips Restarts Units at Wilmington Refinery after Power Dip=====
+
===October 24, 2012: Phillips Restarts Units at Wilmington Refinery after Power Dip===
 
Fox Business reported on October 24, 2012 that a few units at Phillips' Wilmington Refinery were restarted on October 23, 2012 after experiencing an external power dip from the Los Angeles Department of Water and Power. The Refinery also reported an unplanned flaring event to the South Coast Air Quality Management District.<ref>[http://www.foxbusiness.com/news/2012/10/24/phillips-66-restarting-units-at-california-refinery-spokesman/ Fox News. "Phillips 66 Restarting Units at California Refinery-Spokesman" October 24, 2012.]</ref>
 
Fox Business reported on October 24, 2012 that a few units at Phillips' Wilmington Refinery were restarted on October 23, 2012 after experiencing an external power dip from the Los Angeles Department of Water and Power. The Refinery also reported an unplanned flaring event to the South Coast Air Quality Management District.<ref>[http://www.foxbusiness.com/news/2012/10/24/phillips-66-restarting-units-at-california-refinery-spokesman/ Fox News. "Phillips 66 Restarting Units at California Refinery-Spokesman" October 24, 2012.]</ref>
  
=====October 5, 2012: Sources Allege Phillips Delays Work at Los Angeles Refinery to Cash In on Record Profit Margins=====
+
===October 5, 2012: Sources Allege Phillips Delays Work at Los Angeles Refinery to Cash In on Record Profit Margins===
 
The Tulsa World reported on October 6, 2012 that according to two people with knowledge of Phillips Los Angles Refinery maintenance schedule, Phillips 66 has delayed work at its Los Angeles refinery to cash in on record profit margins in California. A six-week maintenance turnaround on the hydrocracker, which makes high-octane gasoline and other lighter oil products, has been put off until at least Oct. 16 from a previous Oct. 9 start date, said the people, who asked not to be identified because the information wasn't public. "With crack spreads this high, it's kind of expected that all will make as much fuel as possible to cash in on the spreads," Tim Hamilton, executive director of the Automotive United Trades Organization. A Phillips 66 spokesman at the company's headquarters in Houston, declined to comment on maintenance plans at the 139,000-barrel-a-day Los Angeles plant. "I can tell you there is no planned maintenance work currently at our Los Angeles refinery," said Rick Johnson.<ref>[http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20121006_49_E1_Philli329726 Tulsa World. "Phillips 66 delaying work on refinery; sources allege cash-in on gas-price surge" by Lynn Doan. October 6, 2012.]</ref>
 
The Tulsa World reported on October 6, 2012 that according to two people with knowledge of Phillips Los Angles Refinery maintenance schedule, Phillips 66 has delayed work at its Los Angeles refinery to cash in on record profit margins in California. A six-week maintenance turnaround on the hydrocracker, which makes high-octane gasoline and other lighter oil products, has been put off until at least Oct. 16 from a previous Oct. 9 start date, said the people, who asked not to be identified because the information wasn't public. "With crack spreads this high, it's kind of expected that all will make as much fuel as possible to cash in on the spreads," Tim Hamilton, executive director of the Automotive United Trades Organization. A Phillips 66 spokesman at the company's headquarters in Houston, declined to comment on maintenance plans at the 139,000-barrel-a-day Los Angeles plant. "I can tell you there is no planned maintenance work currently at our Los Angeles refinery," said Rick Johnson.<ref>[http://www.tulsaworld.com/business/article.aspx?subjectid=49&articleid=20121006_49_E1_Philli329726 Tulsa World. "Phillips 66 delaying work on refinery; sources allege cash-in on gas-price surge" by Lynn Doan. October 6, 2012.]</ref>
  
=====September 24, 2012: Air Pollution Regulators Probe Day Long Burnoff at Wilmington Refinery=====
+
===September 24, 2012: Air Pollution Regulators Probe Day Long Burnoff at Wilmington Refinery===
 
The Contra Costa Times reported on September 24, 2012 that air quality regulators are investigating whether a burnoff of petroleum products at the Phillips 66 oil refinery in Wilmington that lasted for about six hours after a power outage caused a sudden shutdown of all refinery operations could have been avoided. Black smoke billowing out of the refinery's flare could be seen for miles. The South Coast Air Quality Management District received 125 complaints about the smoke that day. Two days later, more complaints streamed in over a chemical odor surrounding the refinery. AQMD spokesman Sam Atwood said investigators believe the smell came from vapors that had leaked from a petroleum storage tank. The refinery was issued a violation last week due to the odors, and will have to either pay a fine or invest in something that benefits the local environment, Atwood said.<ref>[http://www.contracostatimes.com/california/ci_21620536/air-pollution-regulators-probe-phillips-66-refinery-wilmington Contra Costa Times. "Air pollution regulators probe Phillips 66 refinery in Wilmington" by Sandy Mazza. September 24, 2012.]</ref>
 
The Contra Costa Times reported on September 24, 2012 that air quality regulators are investigating whether a burnoff of petroleum products at the Phillips 66 oil refinery in Wilmington that lasted for about six hours after a power outage caused a sudden shutdown of all refinery operations could have been avoided. Black smoke billowing out of the refinery's flare could be seen for miles. The South Coast Air Quality Management District received 125 complaints about the smoke that day. Two days later, more complaints streamed in over a chemical odor surrounding the refinery. AQMD spokesman Sam Atwood said investigators believe the smell came from vapors that had leaked from a petroleum storage tank. The refinery was issued a violation last week due to the odors, and will have to either pay a fine or invest in something that benefits the local environment, Atwood said.<ref>[http://www.contracostatimes.com/california/ci_21620536/air-pollution-regulators-probe-phillips-66-refinery-wilmington Contra Costa Times. "Air pollution regulators probe Phillips 66 refinery in Wilmington" by Sandy Mazza. September 24, 2012.]</ref>
  
=====September 20, 2012: Facility-wide Shutdown at Los Angeles Refinery=====
+
===September 20, 2012: Facility-wide Shutdown at Los Angeles Refinery===
 
Nasdaq reported on September 21, 2012 that record heat and a power outage on September 15, 2012 forced a facility-wide shutdown at Phillips 66's Los Angeles refinery but that several units have been brought back online and all units are seen back by the end of the week.<ref>[http://www.nasdaq.com/article/refinery-status-some-units-restarted-at-phillips-66-los-angeles-refinery-20120920-01248 Nasdaq. "Refinery Status: Some Units Restarted At Phillips 66 Los Angeles Refinery" September 21, 2012.]</ref> Nasdaq reported on September 26, 2012 that production resumed on September 21, 2012 after record heat and a power outage on September 15 forced a facility-wide shutdown.<ref>[http://www.nasdaq.com/article/refinery-status-coker-unit-snag-reported-at-exxon-joliet-20120924-00835 Nasdaq. "Refinery Status: Coker Unit Snag Reported at Exxon Joliet" September 26, 2012.]</ref>
 
Nasdaq reported on September 21, 2012 that record heat and a power outage on September 15, 2012 forced a facility-wide shutdown at Phillips 66's Los Angeles refinery but that several units have been brought back online and all units are seen back by the end of the week.<ref>[http://www.nasdaq.com/article/refinery-status-some-units-restarted-at-phillips-66-los-angeles-refinery-20120920-01248 Nasdaq. "Refinery Status: Some Units Restarted At Phillips 66 Los Angeles Refinery" September 21, 2012.]</ref> Nasdaq reported on September 26, 2012 that production resumed on September 21, 2012 after record heat and a power outage on September 15 forced a facility-wide shutdown.<ref>[http://www.nasdaq.com/article/refinery-status-coker-unit-snag-reported-at-exxon-joliet-20120924-00835 Nasdaq. "Refinery Status: Coker Unit Snag Reported at Exxon Joliet" September 26, 2012.]</ref>
  
=====July 22, 2012: Planned Flaring at Wilmington Refinery=====
+
===July 22, 2012: Planned Flaring at Wilmington Refinery===
 
Nasdaq reported on July 27, 2012 that maintenace work was completed on July 19, 2012 and that planned flaring took place at the Wilmington Refinery from July 22 to July 25, 2012 according to the South Coast Air Quality Management District.<ref>[http://www.nasdaq.com/article/refinery-status-valve-leak-causes-flaring-at-phillips-66-rodeo-calif-refinery-20120725-01178 Nasdaq. "Refinery Status: Valve Leak Causes Flaring At Phillips 66 Rodeo, Calif., Refinery" July 27, 2012.]</ref>
 
Nasdaq reported on July 27, 2012 that maintenace work was completed on July 19, 2012 and that planned flaring took place at the Wilmington Refinery from July 22 to July 25, 2012 according to the South Coast Air Quality Management District.<ref>[http://www.nasdaq.com/article/refinery-status-valve-leak-causes-flaring-at-phillips-66-rodeo-calif-refinery-20120725-01178 Nasdaq. "Refinery Status: Valve Leak Causes Flaring At Phillips 66 Rodeo, Calif., Refinery" July 27, 2012.]</ref>
  
=====July 20, 2012: Planned Flaring at Wilmington Refinery=====
+
===July 20, 2012: Planned Flaring at Wilmington Refinery===
 
Reuters reported a planned flaring at the Wilmington Refinery on July 12, 2012.<ref>[http://in.reuters.com/article/2012/07/25/energy-diary-refinery-idINL2E8IP4DL20120725 Reuters. "U.S. refinery shutdowns - Sinclair, Phillips 66, Tesoro" July 25, 2012.]</ref>
 
Reuters reported a planned flaring at the Wilmington Refinery on July 12, 2012.<ref>[http://in.reuters.com/article/2012/07/25/energy-diary-refinery-idINL2E8IP4DL20120725 Reuters. "U.S. refinery shutdowns - Sinclair, Phillips 66, Tesoro" July 25, 2012.]</ref>
  
=====July 12, 2012: Planned Flaring at Wilmington Refinery=====
+
===July 12, 2012: Planned Flaring at Wilmington Refinery===
 
Reuters reported a planned flaring at the Wilmington Refinery on July 12, 2012.<ref>[http://www.reuters.com/article/2012/07/13/energy-diary-refinery-idUSL2E8ID3I020120713 Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.]</ref>
 
Reuters reported a planned flaring at the Wilmington Refinery on July 12, 2012.<ref>[http://www.reuters.com/article/2012/07/13/energy-diary-refinery-idUSL2E8ID3I020120713 Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.]</ref>
  
=====July 8, 2012: Wilmington Refinery in Planned Overhaul=====
+
===July 8, 2012: Wilmington Refinery in Planned Overhaul===
 
Reuters reported on July 8, 2012 that the Wilmington Refinery was in a planned overhaul which shut the hydrogen plant, according to a notice the refinery filed with California pollution regulators. The work triggered flaring at the refinery and the release of sulfur dioxide, according to the notice filed with the California Emergency Management Agency.<ref>[http://www.reuters.com/article/2012/07/08/us-refinery-operations-phillips-wilmingt-idUSBRE8670BI20120708 Reuters. "Phillips LA refinery performing planned work-filing" July 8, 2012.]</ref>
 
Reuters reported on July 8, 2012 that the Wilmington Refinery was in a planned overhaul which shut the hydrogen plant, according to a notice the refinery filed with California pollution regulators. The work triggered flaring at the refinery and the release of sulfur dioxide, according to the notice filed with the California Emergency Management Agency.<ref>[http://www.reuters.com/article/2012/07/08/us-refinery-operations-phillips-wilmingt-idUSBRE8670BI20120708 Reuters. "Phillips LA refinery performing planned work-filing" July 8, 2012.]</ref>
  
=====July 3, 2012: Flaring Reported at Wilmington Refinery=====
+
===July 3, 2012: Flaring Reported at Wilmington Refinery===
 
Reuters reported a flaring at the Wilmington Refinery on July 3, 2012.<ref>[http://www.reuters.com/article/2012/07/13/energy-diary-refinery-idUSL2E8ID3I020120713 Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.]</ref>
 
Reuters reported a flaring at the Wilmington Refinery on July 3, 2012.<ref>[http://www.reuters.com/article/2012/07/13/energy-diary-refinery-idUSL2E8ID3I020120713 Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.]</ref>
  
=====June 29, 2012: Upset in Alky Unit at Wilmington Refinery=====
+
===June 29, 2012: Upset in Alky Unit at Wilmington Refinery===
 
Reuters reported an upset in the AlkyUnit at the Wilmington Refinery on June 29, 2012.<ref>[http://www.reuters.com/article/2012/07/13/energy-diary-refinery-idUSL2E8ID3I020120713 Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.]</ref> Phillips 66 reported flaring due to an alkylation unit upset at its Wilmington refinery, according to a filing with the California Emergency Management Agency. Operators had secured the release and flaring had stopped at  
 
Reuters reported an upset in the AlkyUnit at the Wilmington Refinery on June 29, 2012.<ref>[http://www.reuters.com/article/2012/07/13/energy-diary-refinery-idUSL2E8ID3I020120713 Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.]</ref> Phillips 66 reported flaring due to an alkylation unit upset at its Wilmington refinery, according to a filing with the California Emergency Management Agency. Operators had secured the release and flaring had stopped at  
 
the time of the filing.<ref>[http://assets.usw.org/oil-bargaining/refinery-events/june-2012-refinery-events/Refinery-Events-June-29-July5-2012.pdf United Steelworkers Weekly List of Refinery Events. "June 29, 2012—July 5, 2012]</ref>
 
the time of the filing.<ref>[http://assets.usw.org/oil-bargaining/refinery-events/june-2012-refinery-events/Refinery-Events-June-29-July5-2012.pdf United Steelworkers Weekly List of Refinery Events. "June 29, 2012—July 5, 2012]</ref>
  
=====June 26, 2012: Sulfur Recovery Plant Down at Wilmington Refinery=====
+
===June 26, 2012: Sulfur Recovery Plant Down at Wilmington Refinery===
 
Nasdaq reported on June 26, 2012 that a sulfur recovery plant at Phillips 66's Wilmington refinery shut down unexpectedly on June 26, causing a flaring event, according to a California Emergency Management Agency hazardous materials spill report.<ref>[http://www.nasdaq.com/article/sulfur-recovery-plant-down-at-phillips-66-wilmington-calif-refinery-20120626-01218 Nasdaq. "Sulfur Recovery Plant Down at Phillips 66 Wilmington, Calif., Refinery" June 26, 2012.]</ref>
 
Nasdaq reported on June 26, 2012 that a sulfur recovery plant at Phillips 66's Wilmington refinery shut down unexpectedly on June 26, causing a flaring event, according to a California Emergency Management Agency hazardous materials spill report.<ref>[http://www.nasdaq.com/article/sulfur-recovery-plant-down-at-phillips-66-wilmington-calif-refinery-20120626-01218 Nasdaq. "Sulfur Recovery Plant Down at Phillips 66 Wilmington, Calif., Refinery" June 26, 2012.]</ref>
  
=====May 8, 2012: Work Completed as Los Angeles Refinery=====
+
===May 8, 2012: Work Completed as Los Angeles Refinery===
 
Reuters reported on May 8, 2012 that Phillips 66 finished unspecified planned work at its Los Angeles-area refinery that had begun in April, 2012. The refinery has two linked facilities in the Los Angeles-area: one in Carson that processes crude oil and another five miles away in Wilmington that upgrades the products.<ref>[http://www.reuters.com/article/2012/05/08/-refinery-operations-phillips-idUSL1E8G88IQ20120508 Reuters. "Planned work done at Los Angeles-area refinery -Phillips 66" May 8, 2012.]</ref> Bloomberg Businessweek reported on May 3, 2012 that the Los Angeles refinery was scheduled to flare gases through May 3 as part of planned maintenance.<ref>[http://www.businessweek.com/news/2012-05-03/san-francisco-gasoline-rises-to-six-month-high-on-work Bloomberg Businessweek. "San Francisco Gasoline Rises to Six-Month High on Work" by Lynn Doan. May 3, 2012.]</ref>
 
Reuters reported on May 8, 2012 that Phillips 66 finished unspecified planned work at its Los Angeles-area refinery that had begun in April, 2012. The refinery has two linked facilities in the Los Angeles-area: one in Carson that processes crude oil and another five miles away in Wilmington that upgrades the products.<ref>[http://www.reuters.com/article/2012/05/08/-refinery-operations-phillips-idUSL1E8G88IQ20120508 Reuters. "Planned work done at Los Angeles-area refinery -Phillips 66" May 8, 2012.]</ref> Bloomberg Businessweek reported on May 3, 2012 that the Los Angeles refinery was scheduled to flare gases through May 3 as part of planned maintenance.<ref>[http://www.businessweek.com/news/2012-05-03/san-francisco-gasoline-rises-to-six-month-high-on-work Bloomberg Businessweek. "San Francisco Gasoline Rises to Six-Month High on Work" by Lynn Doan. May 3, 2012.]</ref>
  
==Phillips 66 Worldwide Refineries==
+
==References==
Phillips has the following worldwide refineries:<ref>[http://www.newworldencyclopedia.org/entry/ConocoPhillips New World Encyclopedia. "ConocoPhillips" retrieved May 6, 2012.]</ref>
+
{{reflist|3}}
  
{| border=1 cellspacing=0
+
<html><HR></html>
!scope="col" width="150" | Country
+
!scope="col" width="200" | Name
+
!scope="col" width="150" | Location
+
!scope="col" width="100" | Capacity (KBD)
+
!scope="col" width="100" | Nelson Complexity Factor
+
!scope="col" width="100" | Clean Product Yield
+
|-
+
|Gulf Coast US||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Alliance_Refinery Alliance Refinery (AL)]||Belle Chasse, LA||align="center"|247||align="center"|12.5||align="center"|86%
+
|-
+
|Eastern US and Europe||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Bayway_Refinery Bayway Refinery (BW)]||Linden, NJ||align="center"|238||align="center"|8.4||align="center"|90%
+
|-
+
|Central US||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Billings_Refinery Billings Refinery (BI)]||Billings, MT||align="center"|118||align="center"|14.4||align="center"|89%
+
|-
+
|Central US||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Borger_Refinery Borger Refinery (BG)]|| Borger, TX||align="center"|146||align="center"|12.3||align="center"|89%
+
|-
+
|Western US and Asia||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Ferndale_Refinery Ferndale Refinery (FN)]||Ferndale, WA||align="center"|105||align="center"|7.0||align="center"|75%
+
|-
+
|Eastern US and Europe||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Humber_Refinery Humber Refinery (HU)]||North Linconshire||align="center"|265||align="center"|11.6||align="center"|81%
+
|-
+
|Gulf Coast US||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Lake_Charles_Refinery Lake Charles Refinery (LC)]||Westlake, LA||align="center"|239||align="center"|11.2||align="center"|69%
+
|-
+
|Western US and Asia||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Los_Angeles_Refinery Los Angeles Refinery (LA)]||Carson, CA/Wilmington, CA||align="center"|139||align="center"|14.1||align="center"|87%
+
|-
+
|Western US and Asia||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Melaka_Refinery Melaka Refinery in Malaysia (ME)]||Melaka||align="center"|58||align="center"|9.3||align="center"|83%
+
|-
+
|Eastern US and Europe||MIRO Refinery in Germany* (MI)||Karlsruhe||align="center"|56||align="center"|7.9||align="center"|85%
+
|-
+
|Central US||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#News_from_the_Ponca_City_Refinery Ponca City Refinery (PC)]||Ponca City, OK||align="center"|187||align="center"|9.8||align="center"|91%
+
|-
+
|Western US and Asia||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#San_Francisco_Refinery San Francisco Refinery (SF)]||Rodeo, CA and Santa Maria, CA||align="center"|120||align="center"|13.5||align="center"|83%
+
|-
+
|Gulf Coast US||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Sweeny_Refinery Sweeny Refinery (SW)]||Old Ocean, TX||align="center"|247||align="center"|13.2||align="center"|87%
+
|-
+
|Eastern US and Europe||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Whitegate_Refinery Whitegate Refinery in Ireland (WG)]||Cork (city)|Cork||align="center"|71||align="center"|3.8||align="center"|65%
+
|-
+
|Central US||[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Wood_River_Refinery Wood River Refinery (WR)]||Roxana, IL||align="center"|306||align="center"|12.5||align="center"|85%
+
|}
+
  
* Denotes joint ventures. Crude capacity reflects that proportion.
 
  
==Master Index for Phillips 66 Articles==
+
==Master Index of Articles about Phillips 66==
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution Phillips 66 Master Article]
+
[[Image:Poncacity07.jpg|thumb|400px|The North Tower and the South Tower, part of Phillips 66's Refinery Complex in Ponca City, contain [http://respectponcacity.com over 250,000 square feet of Class A office space that is essentially unused]. Research West contains another 230,000 square feet of unused Class A office space. Photo: [http://hughpickens.com Hugh Pickens]]]
* [[Phillips 66 Master Index]]
+
[[Image:Poncacity66refinery.jpg|thumb|right|400px|'''Ponca: A Core Asset.''' Phillips CEO Greg Garland told members of the Bartlesville Chamber of Commerce on August 27, 2013 that the refinery at Ponca is a 'core asset' of Phillips 66. '''The refinery in Ponca City "is making very good money for us," Garland told his Bartlesville audience.''' Garland added that he expects gas demands in the U.S. to decline by 20 percent in the next 10 years, but that demand for refined products in South America and Africa will more than offset that decline.]]
* [[Creation of Phillips 66]]
+
by [http://hughpickens.com Hugh Pickens], Ponca City Oklahoma
* [[Decision to Name the Downstream Company Phillips 66]]
+
* [[Strategic Vision for Phillips 66]]
+
* [[Phillips 66 Capital Programs]]
+
* [[Governance at Phillips 66]]
+
* [[Greg Garland, CEO of Phillips 66]]
+
* [[Members of the Board of Directors of Phillips 66]]
+
* [[Financial Stability of Phillips 66 and Risk Management]]
+
* [[Government Relations at Phillips 66]]
+
* [[Media Relations and Public Relations at Phillips 66]]
+
* [[New Phillips 66 Headquarters]]
+
* [[Litigation and Legal Issues at Phillips 66]]
+
* [[The Stock Market and Phillips 66]]
+
* [[Dividends and Stock Repurchase at Phillips 66]]
+
* [[Stockholder's Meetings at Phillips 66]]
+
* [[Earnings Conferences at Phillips 66]]
+
* [[Investor Conferences at Phillips 66]]
+
* [[Operational Excellence at Phillips 66]]
+
* [[Safety at Phillips 66]]
+
* [[Employee Deaths and Injuries at Phillips 66]]
+
* [[Environmental Issues at Phillips 66]]
+
* [[Refinery and Marketing Business Segment at Phillips 66]]
+
* [[Labor Relations at Phillips 66]]
+
* [[Human Resources at Phillips 66]]
+
* [[Increasing Profitability in the Refining Business Segment at Phillips 66]]
+
* [[Divestiture of Non-Core Assets at Phillips 66]]
+
* [[Marketing and Special Products at Phillips 66]]
+
* [[Technology Development at Phillips 66]]
+
* [[How Much Money Does the Marland Refinery in Ponca City Earn for Phillips 66?]]
+
* [[Ponca City and the "Merger of Equals" with Phillips 66 in 2001]]
+
* [[Ponca City and the Spinoff of Phillips 66 in 2012]]
+
* [[Phillips 66: Ponca City Refinery]]
+
* [[Phillips 66: The Marland Refinery at Ponca City]]
+
* [[Phillips 66: Alliance Refinery]]
+
* [[Phillips 66: Bayway Refinery]]
+
* [[Phillips 66: Billings Refinery]]
+
* [[Phillips 66: Borger Refinery]]
+
* [[Phillips 66: Ferndale Refinery]]
+
* [[Phillips 66: Humber Refinery]]
+
* [[Phillips 66: Lake Charles Refinery]]
+
* [[Phillips 66: Los Angeles Refinery]]
+
* [[Phillips 66: Wilmington Refinery]]
+
* [[Phillips 66: Melaka Refinery]]
+
* [[Phillips 66: San Francisco Refinery]]
+
* [[Phillips 66: Rodeo Refinery]]
+
* [[Phillips 66: Santa Maria Refinery]]
+
* [[Phillips 66: Sweeny Refinery]]
+
* [[Phillips 66: Trainer Refinery]]
+
* [[Phillips 66: Whitegate Refinery]]
+
* [[Phillips 66: Wood River Refinery]]
+
* [[Chemical Business Segment at Phillips 66]]
+
* [[Midstream Business Segment at Phillips 66]]
+
* [[What Independent Financial Analysts Say About Phillips 66]]
+
* [[External Links to Phillips 66]]
+
  
==References==
+
<html><HR></html>
{{reflist}}
+
  
==About the Author==
+
The purpose of this report is to provide a comprehensive overview of Phillips 66 that documents and explains the company's business strategy and execution of that strategy.
[[Image:Reservoir Hill.jpg|thumb|right|450px|Hugh Pickens]]
+
[http://hughpickens.com Hugh Pickens] (Po-Hi '67) is a physicist who has explored for oil in the Amazon jungle, crossed the [https://en.wikipedia.org/wiki/Rub'_al_Khali empty quarter of Saudi Arabia], and [http://project-tools.com/projects.htm built satellite control stations for Goddard Space Flight Center] all over the world. Retired in 1999, Pickens and his [http://www.thefreelibrary.com/GREEN+SPRING+NAMES+PICKENS+VICE+PRESIDENT+OF+PHYSICIAN+SERVICES-a018294703 wife] moved from Baltimore back to his hometown of Ponca City, Oklahoma in 2005 where he cultivates his square foot garden, mows [https://www.google.com/maps/preview#!q=2301+Donner+Ave%2C+Ponca+City%2C+OK&data=!1m8!1m3!1d3!2d-97.052085!3d36.733001!2m2!1f349.46!2f95.82!4f75!2m7!1e1!2m2!1svvDhInRwrcsKtmDssDlMoQ!2e0!5m2!1svvDhInRwrcsKtmDssDlMoQ!2e0!4m15!2m14!1m13!1s0x87b0f527d270150b%3A0xc6f2815ca3b9fd20!3m8!1m3!1d229448!2d-122.2366068!3d47.6290804!3m2!1i1423!2i1024!4f13.1!4m2!3d36.733934!4d-97.052318&fid=5 nine acres of lawn], [http://poncacityweloveyou.com writes about local history] and [http://flickr.com/photos/20881138@N00/sets/ photographs events] at the Poncan Theatre and [http://thebrokenstatue.com Ponca Playhouse].
+
  
Since 2001 Pickens has edited and published [http://peacecorpsonline.org/frontpage/index.html “Peace Corps Online,”] serving over one million monthly pageviews. His other writing includes contributing over 1,500 stories to [http://hughpickens.com/slashdot/ “Slashdot: News for Nerds,”] and articles for [http://en.wikipedia.org/wiki/User:Reservoirhill Wikipedia], [http://poncacityweloveyou.com “Ponca City, We Love You”], and [http://peacecorpsworldwide.org/pickens-writes-writes/ Peace Corps Worldwide].
+
'''<span style="color:#0000FF">Major Sections of this report on Phillips 66 include:</span>'''
  
===Articles about Ponca City===
+
{|style="border-style: solid; border-width: 1px"
* [http://www.pioneerwomanmodels.com/ The Pioneer Woman Models Should Return to Ponca City] July 13, 2007
+
|-style="vertical-align:top;"
* [http://researchandideas.com/index.php?title=The_Pioneer_Woman_Models_Come_Home The Pioneer Woman Models Come Home to Ponca City] February 26, 2010
+
|scope="col" width="350px"|'''<span style="color:#0000FF">Safety, Environment, Legal</span>'''
* [http://researchandideas.com/index.php?title=Stanley_Ann_Dunham President Barack Obama's Mother Grew Up in Ponca City] February 6, 2009
+
* [http://researchandideas.com/index.php?title=Safety_and_Environmental_Issues_at_Phillips_66#Safety_and_Environment Safety and Environment] - [http://researchandideas.com/index.php?title=Deaths_and_Injuries_at_Phillips_Refineries_and_Chemical_Plants#Deaths_and_Injuries_at_Phillips_Refineries_and_Chemical_Plants Deaths and Injuries]
* [http://peacecorpsonline.org/standingbear/ Standing Bear Looks to the Future]
+
* [http://researchandideas.com/index.php?title=Litigation_and_Legal_Issues_at_Phillips_66#Litigation_and_Legal_Issues_with_Phillips Litigation and Legal Issues with Phillips 66]
* [[What to See in Ponca City]]
+
* [http://researchandideas.com/index.php?title=Operational_Excellence_at_Phillips_66#Operational_Excellence Operational Excellence]
* [http://thebrokenstatue.com/ Ponca Playhouse to Present "The Broken Statue"] January 17, 2012
+
* [http://researchandideas.com/index.php?title=Technology_Development_at_Phillips_66#Technology_Development Technology Development]
* [[What Ponca City Owes EW Marland]] June 20, 2012
+
* [http://researchandideas.com/index.php?title=Labor_Relations_at_Phillips_66#Labor_Relations_and_Issues_with_Employees Labor Relations and Human Resources]
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#How_Much_Money_Does_the_Marland_Refinery_in_Ponca_City_Earn_for_Phillips_66.3F How Much Money Does the Marland Refinery in Ponca City Earn for Phillips 66?] July 23, 2012
+
* [http://researchandideas.com/index.php?title=Labor_Relations_at_Phillips_66#Employee_Benefits Employee Benefits]
* [http://researchandideas.com/index.php?title=EW_Marland_and_%22The_Ends_of_the_Earth%22 EW Marland and the Movie "The Ends of the Earth"] May 23, 2013
+
* [http://researchandideas.com/index.php?title=Government_Relations_at_Phillips_66#Government_Relations Government Relations]
 +
* [http://researchandideas.com/index.php?title=Media_Relations_and_Public_Relations_at_Phillips_66#Public_Relations_and_Media_Relations Media Relations and Public Relations]
 +
* [http://researchandideas.com/index.php?title=Philanthropic_and_Community_Benefits_at_Phillips_66#Philanthropic_and_Community_Benefits Philanthropic and Community Benefits]
  
===Other Writing===
+
<html><HR></html>
* [[An Independent Evaluation of Phillips 66, its Business Strategy, and Execution]]
+
* [http://researchandideas.com/index.php?title=Jon_Carson Jon Carson is Head of Obama's "Organizing for Action"]
+
* [http://researchandideas.com/index.php?title=A_Biography_of_Screenwriter_and_Director_Chris_Terrio Academy Award Winner Chris Terrio Writes Screenplay about E.W. Marland]
+
* [http://researchandideas.com/index.php?title=NASA%27s_GRO_Remote_Terminal_System_(GRTS)#1998:_NOAA_Fairbanks_Autonomous_Ground_Station Building NASA's NASA's GRO Remote Terminal System (GRTS) in Australia]
+
* [http://researchandideas.com/index.php?title=America%27s_Fresh_Water_Submarines America's Fresh Water Submarines in World War II]
+
* [http://researchandideas.com/index.php?title=Peace_Corps_Director_Aaron_Williams Peace Corps Director Aaron Williams]
+
* [http://researchandideas.com/index.php?title=The_Peace_Corps_Sharp_Incident_in_Kazahkstan The Peace Corps "Sharp Incident" in Kazakhstan]
+
* [http://researchandideas.com/index.php?title=Writing_for_Slashdot Why I enjoy Writing for Slashdot]
+
* [http://peacecorpsonline.typepad.com/poncacityweloveyou/2007/11/writing-for-wik.html Why I enjoy Writing for Wikipedia]
+
* [http://researchandideas.com/index.php?title=Death_Be_Not_Proud Death Be Not Proud]
+
* [http://researchandideas.com/index.php?title=My_Favorite_Christmas My Favorite Christmas]
+
* [http://reservoirhill.org A Victorian Mansion in Baltimore's Reservoir Hill]
+
* [http://peacecorpswriters.org/pages/2001/0111/111hpnogv.html Senate Foreign Relations Committee Hearing on the Nominee for Peace Corps Director]
+
  
===Updates to the Web Site===
+
'''<span style="color:#0000FF">Corporate</span>'''
This web page is frequently updated so check back periodically to see the latest information or subscribe to the rss feed for this article. If you have any information or insights that you would like to see added to this report please contact Hugh Pickens by email at hughpickens AT gmail DOT com.
+
*[http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Creation_of_Phillips_66 Creation of Phillips 66]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Governance_of_Phillips_66 Governance of Phillips 66]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Greg_Garland.2C_Chairman.2C_President_and_CEO_of_Phillips_66 CEO Greg Garland] - [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Jim_Mulva.2C_Chairman_and_CEO_of_ConocoPhillips Jim Mulva]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Board_of_Directors Phillips 66 Board of Directors]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Management_and_Governance_Effectiveness_at_Phillips_66 Management Effectiveness]
  
===Copyright===
+
<html><HR></html>
The material in this article is licensed under under the Creative Commons under an [http://creativecommons.org/licenses/by-nc-sa/2.0/deed.en| Attribution-Noncommercial-Share Alike 2.0 Generic] license. Except for short, fair use excerpts, the material on this article cannot be used for commercial purposes without permission of Hugh Pickens. Attribution for use of any material from this article must be provided to Hugh Pickens and if used on the web a link must be provided to http://hughpickens.com.
+
 
 +
'''<span style="color:#0000FF">Strategic and Financial</span>'''
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Strategic_Vision_for_Phillips_66 Strategic Vision for Phillips 66]
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Capital_Programs#Phillips_Capital_Programs Phillips 66 Capital Programs]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Financial_Stability_of_Phillips_66_and_Risk_Management Financial Stability]
 +
* [http://researchandideas.com/index.php?title=Divestiture_of_Non-Core_Assets_at_Phillips_66#Phillips.27_Divestiture_of_Non-Core_Assets_Through_Sale.2C_Exchange.2C_or_Closure Phillips' Divestiture of Non-Core Assets]
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Expansion,_Construction,_Acquisitions_and_Purchases#Phillips_Expansion.2C_Construction.2C_Acquisitions_and_Purchases Construction, Acquisitions, and Purchases]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Business Segments</span>'''
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Refining_Business_Segment Refining Business Segment]
 +
* [http://researchandideas.com/index.php?title=Marketing_and_Special_Products_at_Phillips_66#Marketing_and_Special_Products Marketing and Special Products] - [http://researchandideas.com/index.php?title=Marketing_and_Special_Products_at_Phillips_66#Latest_News_and_Views_on_Marketing Latest News]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Chemical_Business_Segment_within_Phillips_66 Chemical Business Segment] - [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_on_the_Chemical_Business_Segment Latest News]
 +
* [http://researchandideas.com/index.php?title=Midstream_Business_Segment_at_Phillips_66#Midstream_Business_Segment_within_Phillips_66 Midstream Business Segment] - [http://researchandideas.com/index.php?title=Midstream_Business_Segment_at_Phillips_66#Latest_News_and_Views_of_the_Midstream_Business_Segment Latest News]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Stock Market</span>'''
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#The_Stock_Market_and_Investor_Relations The Stock Market and Investor Relations]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Stock_Performance Phillips 66 Stock Performance]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Dividends_and_Stock_Repurchase Phillips 66 Dividends and Stock Repurchases]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Stockholder.27s_Meetings Stockholder's Meetings]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Earnings_Conferences Phillips 66 Earnings Conferences]
 +
* [http://researchandideas.com/index.php?title=The_Stock_Market_and_Phillips_66#Investor_Conferences Phillips 66 Investor Conferences]
 +
* [http://researchandideas.com/index.php?title=What_Independent_Financial_Analysts_Say_About_Phillips_66#What_Independent_Financial_Analysts_Say_About_Phillips_66 What Financial Analysts Say About Phillips 66]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Reference</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_Master_Index_List Master Index of Phillips 66 Articles]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#Conclusions Conclusions]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#External_Links External Links]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#References References]
 +
* [http://researchandideas.com/index.php?title=An_Independent_Evaluation_of_Phillips_66,_its_Business_Strategy,_and_Execution#About_the_Author About the Author]
 +
|style="border-style: solid; border-width: 0px 0px 0px 1px" scope="col" width="350px"|
 +
'''<span style="color:#0000FF">Refining Business Segment</span>'''
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Refining_Business_Segment Refining Business Segment]
 +
* [http://researchandideas.com/index.php?title=Refining_Business_Segment_at_Phillips_66#Phillips_66_Worldwide_Refineries Phillips 66 Worldwide Refineries]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increasing_Profitability_in_the_Refining_and_Marketing_Business_Segment Increasing Profitability in Refining Business Segment]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Increasing Profitability in Refining Business Segment</span>'''
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Getting_More_Advantaged_Crude_in_Front_of_Refineries Process More Advantaged Crudes]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Increasing_Exports Expand Export Capability]
 +
* [http://researchandideas.com/index.php?title=Increasing_Profitability_in_the_Refining_Business_Segment_at_Phillips_66#Increase_Profitability_by_Increasing_Clean_Product_Yields Increase Clean Product Yields]
 +
* [http://researchandideas.com/index.php?title=Divestiture_of_Non-Core_Assets_at_Phillips_66#Phillips.27_Divestiture_of_Non-Core_Assets_Through_Sale.2C_Exchange.2C_or_Closure Optimize Portfolio]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Detailed Look at Ponca City Refinery</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_its_Century-Old_Oil_Refining_History Ponca City and its Century-Old Oil Legacy and History]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#How_Much_Money_Does_the_Ponca_City_Refinery_Earn_for_Phillips_66.3F How Much Money Does Ponca City Earn for Phillips?]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_the_.22Merger_of_Equals.22_with_Phillips_in_2001 Ponca City and the "Merger of Equals" in 2001]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#Ponca_City_and_the_Spinoff_of_Phillips_66_in_2012 Ponca City and the Spinoff of Phillips 66 in 2012]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#News_from_the_Ponca_City_Refinery Latest News from the Refinery in Ponca City]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#August_13.2C_2014:_Phillips_66_CEO_Greg_Garland_Wants_to_Find_a_Company_to_Lease_the_North_and_South_Towers Phillips' Plans for the North and South Towers]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Other Phillips Refineries</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66_Alliance_Refinery#Alliance_Refinery Alliance Refinery (AL)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Bayway_Refinery#Bayway_Refinery Bayway Refinery (BW)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Billings_Refinery#Billings_Refinery Billings Refinery (BI)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Borger_Refinery#Borger_Refinery Borger Refinery (BG)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ferndale_Refinery#Ferndale_Refinery Ferndale Refinery (FN)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Humber_Refinery#Humber_Refinery Humber Refinery (HU)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Lake_Charles_Refinery#Lake_Charles_Refinery Lake Charles Refinery (Westlake) (LC)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Los_Angeles_Refinery#Los_Angeles_Refinery Los Angeles (Wilmington) Refinery (LA)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Melaka_Refinery#Melaka_Refinery Melaka Refinery in Malaysia (ME)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Ponca_City_Refinery#News_from_the_Ponca_City_Refinery Ponca City Refinery (PC)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#San_Francisco_Refinery San Francisco Refinery (SF)] [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#News_and_Views_on_Rodeo_Refinery Rodeo] [http://researchandideas.com/index.php?title=Phillips_66:_San_Francisco_Refinery#News_and_Views_on_Santa_Maria_Refinery Santa Maria (Nipomo)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Sweeny_Refinery#Sweeny_Refinery Sweeny Refinery (SW)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Whitegate_Refinery#Whitegate_Refinery Whitegate Refinery in Ireland (WG)]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Wood_River_Refinery#Wood_River_Refinery Wood River Refinery (WR)]
 +
 
 +
<html><HR></html>
 +
 
 +
'''<span style="color:#0000FF">Other Locations</span>'''
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Houston_Headquarters#New_Phillips_66_Headquarters New Houston Headquarters]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Houston_Chemical_Complex_(HCC)#Phillips_66_Houston_Chemical_Complex_.28HCC.29 Houston Chemical Complex]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Bartlesville_Technology_Hub#Bartlesville_Technology_Hub Bartlesville Technology Hub]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Port_Arthur_Chemical_Plant Port Arthur Chemical Plant]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Cedar_Bayou_Chemical_Plant Cedar Bayou Chemical Plant (Baytown)]
 +
* [http://researchandideas.com/index.php?title=Chemical_Business_Segment_at_Phillips_66#Latest_News_and_Views_from_Sweeny_Petrochemical_Complex Sweeny Petrochemical Complex]
 +
* [http://researchandideas.com/index.php?title=Phillips_66:_Trainer_Refinery#Trainer_Refinery Trainer Refinery (sold in 2012)]
 +
* [http://researchandideas.com/index.php?title=Phillips_Refinery_in_Phillips,_Texas#Phillips_Refinery Phillips Refinery (Closed in 1986)]
 +
|}

Latest revision as of 16:31, 6 May 2019

Conoco and Phillips 66 announced on November 18, 2001 that their boards of directors had unanimously approved a definitive agreement for a "merger of equals". The merged company, ConocoPhillips, became the third-largest integrated U.S. energy company based on market capitalization and oil and gas reserves and production. On November 11, 2011 ConocoPhillips announced that Phillips 66 would be the name of a new independent oil and gasoline refining and marketing firm, created as ConocoPhillips split into two companies. ConocoPhillips kept the current name of the company and concentrated on oil exploration and production side while Phillips 66 included refining, marketing, midstream, and chemical portions of the company. Photo: Hugh Pickens all rights reserved.

by Hugh Pickens, Ponca City Oklahoma


The purpose of this report is to provide a comprehensive overview of Phillips 66 that documents and explains the company's business strategy and execution of that strategy.

Major Sections of this report on Phillips 66 include:

Safety, Environment, Legal


Corporate


Strategic and Financial


Business Segments


Stock Market


Reference

Refining Business Segment


Increasing Profitability in Refining Business Segment


Detailed Look at Ponca City Refinery


Other Phillips Refineries


Other Locations


Contents

[edit] Master Index of Articles about Phillips 66

The 587 foot tall Mammoet PTC 140 crane, seen here from North First Street, towers over the Refinery Complex in Ponca City. The supercrane was used to move two new 232 ton coker reactor units within the refinery on September 29, 2013. Phillips was willing to invest $70 million in the two new coker reactor units because the Ponca City Refinery is one of the best run, safest, and most profitable of Phillips' fifteen worldwide refineries and Garland wants the refinery in Ponca City to continue to run smoothly and profitably. This photograph of the supercrane in Ponca City was taken from almost two miles away from the crane. Photo: Hugh Pickens All Rights Reserved.
Hugh Pickens, an analyst who closely follows Phillips 66, speaks with Phillips CEO Greg Garland (right) about the disposition of the North Tower, South Tower, and Research West at Phillips' Ponca City Refinery after Garland's speech to the Bartlesville Chamber of Commerce on August 13, 2014.

by Hugh Pickens, Ponca City Oklahoma


The purpose of this report is to provide a comprehensive overview of Phillips 66 that documents and explains the company's business strategy and execution of that strategy.

Major Sections of this report on Phillips 66 include:

Safety, Environment, Legal


Corporate


Strategic and Financial


Business Segments


Stock Market


Reference

Refining Business Segment


Increasing Profitability in Refining Business Segment


Detailed Look at Ponca City Refinery


Other Phillips Refineries


Other Locations


[edit] Los Angeles Refinery

The Wilmington Refinery, located in Wilmington, Calif., about 15 miles southeast of Los Angeles International Airport. serves as the back end by upgrading the intermediate products to finished products. The refinery has a crude oil processing capacity of 139 MBD and processes mainly heavy, high-sulfur crude oil. It receives domestic crude oil via pipeline from California and both foreign and domestic crude oil by tanker through a third-party terminal in the Port of Long Beach. The refinery produces a high percentage of transportation fuels, such as gasoline, diesel fuel and jet fuel. Other products include fuel-grade petroleum coke. The refinery produces California Air Resources Board (CARB)-grade gasoline using ethanol to meet government-mandated oxygenate requirements. Refined products are distributed to customers in California, Nevada and Arizona by pipeline and truck.[1] Photo by unzarjones Flicker Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0)
Heavy black smoke billowed across the Harbor Area and South Bay on on January 29, 2015 from a flare at Phillips 66’s Wilmington oil refinery after an unspecified emergency interrupted the steam system, officials said. The smoke began spewing from the plant at about 2 p.m. and was visible for several miles over the next two hours. Phillips 66 spokeswoman Janet Grothe said the emergency flares were used as a result of a “steam system upset.” Photo: The Daily Breeze (Scott Varley / Staff Photographer)

[edit] Description of Los Angeles Refinery

The Los Angeles Refinery is composed of two linked facilities located roughly five miles apart in Carson and Wilmington, Calif., about 15 miles southeast of Los Angeles International Airport. Carson serves as the front end of the refinery by processing crude oil, and Wilmington serves as the back end by upgrading the intermediate products to finished products. The refinery has a crude oil processing capacity of 139 MBD and processes mainly heavy, high-sulfur crude oil. It receives domestic crude oil via pipeline from California and both foreign and domestic crude oil by tanker through a third-party terminal in the Port of Long Beach. The refinery produces a high percentage of transportation fuels, such as gasoline, diesel fuel and jet fuel. Other products include fuel-grade petroleum coke. The refinery produces California Air Resources Board (CARB)-grade gasoline using ethanol to meet government-mandated oxygenate requirements. Refined products are distributed to customers in California, Nevada and Arizona by pipeline and truck.[2]

[edit] News and Views on Los Angeles Refinery

[edit] May 2, 2019: Fire Crews Battle Blaze at Phillips 66 Refinery in Carson

Fire Crews Battle Blaze at Phillips 66 Refinery in Carson. Fire crews were called to a blaze at the Phillips 66 oil refinery in Carson on May 2, 2019

KTLA reported on May 2, 2019 that fire crews were called to a blaze at the Phillips 66 oil refinery in Carson on May 2, 2019. Smoke could be seen billowing from the Phillips 66 refinery facility at Sepulveda Boulevard and Alameda Street around 5 p.m. Firefighters declared the flames extinguished shortly before 7:20 p.m., Los Angeles County Fire Department officials said. No injuries were reported, officials said. Air quality measurements taken Thursday afternoon were normal, but authorities planned to continue to monitor readings.[3]

[edit] March 15, 2019: Massive Fire Erupts at Phillips 66 Oil Refinery in Carson

Massive Fire Erupts at Phillips 66 Oil Refinery in Carson. A large fire broke out at the Phillips 66 oil refinery in Carson. At least three pumps at the facility were involved in the fire.

KTLA reported on March 15 that a large fire broke out at the Phillips 66 oil refinery in Carson. At least three pumps at the facility were involved in the fire, authorities said. Authorities shut down Sepulveda Boulevard between Alameda Street and Wilmington Avenue as firefighters continued dumping water on the flames Friday night, sheriff's officials said. The flames were declared out about 9:30 p.m., according to Los Angeles County Fire Department Capt. Tony Imbrenda. Private refinery firefighters, Los Angeles County firefighters and the Long Beach Fire Department joined in the effort, officials said. Experts were monitoring the air quality, but Los Angeles County Sheriff's Department officials said there were no signs of a hazard.[4]

[edit] March 7, 2018: A New Generation of Activists Organize in the Shadow of Phillips 66's Wilmington Refinery

A New Generation of Activists Organize in the Shadow of Phillips 66's Wilmington Refinery A 10-square-mile South Los Angeles community in close proximity to three oil refineries including Phillips 66 Wilmington Refinery, has the dubious distinction of having some of the worst air quality in a city that already has the country’s worst ozone levels. Photo: Jesse N. Marquez

Jesse Hardman published an interesting article in High Country News on March 7, 2018 about the 10-square-mile South Los Angeles community in close proximity to three oil refineries including Phillips 66 Wilmington Refinery, that has the dubious distinction of having some of the worst air quality in a city that already has the country’s worst ozone levels. A 2013 California state cap-and-trade law offered incentives for big polluters to become greener. But one study suggests that the program has inadvertently made air quality worse in places close to refineries and power plants, like Wilmington. Here’s how it works: Under the law, big polluters like oil refineries and power plants must buy permits that allow them to emit greenhouse gases. The number of permits available is reduced year by year, in an effort to gradually bring down the state’s overall carbon emissions. But rather than lower their emissions to meet the program’s targets, oil companies like Tesoro, which operates in Wilmington, choose to buy up other companies’ allowances, or pay to offset the damage they cause elsewhere, by planting trees in Alaska, for example. This gives them free license to continue polluting in their immediate areas.

In Wilmington, oil companies start their PR push early. Twenty-four-year-old activist Ashley Hernández remembers getting free backpacks and pencils with oil company logos as a kid. “You get popcorn from them every Halloween,” she said. For more than six decades, Phillips 66 has co-opted that holiday, painting one of its 3-million-gallon gas storage tanks orange to create an enormous grinning jack-o-lantern — “Smilin’Jack” — that towers over the community. Employees in bright yellow safety vests stand beneath chemical tanks and smokestacks, giving local families bags of caramel corn and plastic balls marked with the Phillips 66 logo. “They do community events, they’ll fund carnivals, they’ll do youth trips. They do it with an aim to silence them,” said Hernández, noting the hold that local industries have over her working-class parents, originally from El Salvador. After decades spent making a life in Wilmington, Hernández and her family would find it hard to just leave.

Sylvia Arredondo is at the helm of a growing movement made up mostly of women of color who grew up here but left to get an education, and then later returned to battle the industries that are poisoning their families. Their fight is a legal and political challenge to oil companies and local air-quality regulatory bodies. But it’s also an exercise in civic engagement, one that even Wilmington’s older generations have joined, despite their fear of being deported or losing their jobs at the local oil facilities. As a child, Arredondo attended classes in a wealthier district, but returned to Wilmington in time for high school. By then, she knew that her community’s poor air quality was something wealthier neighborhoods would never stand for. One of her college textbooks called her city a “toxic hotspot.” “Before that class, I didn’t know what environmental justice was,” Arredondo said. Now she fights for it as the civic engagement coordinator for the nonprofit Communities for a Better Environment, and as the president of Wilmington’s neighborhood council.[5]

[edit] June 12, 2016: Phillips Reports Shutdown in Coker Unit at Wilmington Refinery

Phillips reported a shutdown in a coker unit at its Wilmington, California refinery due to an interruption in the electrical utility, according to a filing with the California Emergency Management Agency. Repairs were in progress and the flaring has been stopped, the filing added. The refinery has two linked facilities about five miles apart in Carson and Wilmington. [6]

[edit] May 30, 2016: Phillips Reports Unplanned Flaring, Breakdown at Wilmington Refinery

Phillips reported unplanned flaring due to a breakdown at its Wilmington, California refinery, according to a filing with the South Coast Air Quality Management District. [7]

[edit] April 29, 2016: Phillips Is Not Actively Seeking to Divest Santa Maria, Wilmington, and Rodeo Refineries in California

In answer to a question from Neil Mehta, Kevin Mitchell told analysts during the 2016 first quarter earnings conference call on April 29, 2016 that although Phillips has talked about divestitureof its California refineries in the past at this point Phillips will just hold on to them at this point in time. "California we talked about a lot the hold cost or the option value is really not much there is not a lot of capital in front of us in California last few year margins have been very good in California so it's a net cash contributor," said Mitchell. "And you think about could you sell asset probably but could we did good value for it, probably not and so I think we just hold it at this point in time they're good assets, they're probably mid back in terms of where they set their cost structure, but given the option value to keep, I think it'll just hang on."[8]

[edit] November 16, 2015: Phillips Reports Flaring at Wilmington Refinery

Phillips reported flaring at its Wilmington, California refinery, according to a filing with the California Emergency Management Agency.[9]

[edit] November 11, 2015: Phillips Reports Flaring at Wilmington Refinery

Phillips reported unplanned flaring at the Carson facility of its Wilmington, CA refinery Wednesday afternoon, according to a filing with the South Coast Air Quality Management District. The refinery has two linked facilities about 5 miles apart in Carson and Wilmington. The former processes crude oil while the latter upgrades the products. [10]

[edit] November 6, 2015: Phillips Reports Flaring Event at Wilmington Refinery

Phillips reported a flaring event at its Wilmington, California refinery, according to a filing with the California Emergency Management Agency. The refinery has two linked facilities about five miles apart in Carson and Wilmington. The former processes crude oil while the latter upgrades the products.[11]

[edit] October 30, 2015: Phillips Reports Unplanned Flaring at Wilmington Refinery

Phillips reported unplanned flaring at its Los Angeles-area refinery in Wilmington, California, according to a filing with state pollution regulators.[12]

[edit] October 30, 2015: Phillips Reports Emissions at Wilmington Refinery

Phillips reported a flaring event at its Wilmington, California, refinery. The company said the refinery continues to operate[13]

[edit] October 3, 2015: Phillips Reports Unplanned Flaring at Carson Refinery

Phillips Reports Unplanned Flaring at Carson Refinery[14]

[edit] October 1, 2015: Phillips Reports Flaring at Wilmington Refinery

Phillips Reports Flaring at Wilmington Refinery [15]

[edit] August 30, 2015: Phillips Reports Flaring at Wilmington Refinery

Phillips reported flaring at Wilmington Refinery according to a report from Reuters on August 30, 2015.[16]

[edit] July 15, 2015: Phillips Reports Unplanned Flaring at Wilmington Refinery

Phillips reported unplanned flaring at Wilmington Refinery according to a report from Reuters on July 15, 2015.[17]

[edit] June 24, 2015: Phillips Reports Unplanned Flaring at Wilmington Refinery

Phillips reported unplanned flaring at Wilmington Refinery according to a report from Reuters on June 24, 2015.[18]

[edit] June 8, 2015: Planned Maintenance Underway at Wilmington Refinery

Nasdq reported on June 8, 2015 that planned maintenance is underway at the Wilmington Refinery. Phillips has planned maintenance underway at five of its worldwide refineries: Humber Refinery, Wilmington Refinery, Ponca City Refinery, Wood River Refinery, and Whitegate Refinery. Phillips did not indicate whether fuel output may be impacted, and representatives from Phillips 66 weren't immediately available to comment.[19]

[edit] April 30, 2015: Garland Says California is a Challenged Place to Do Business

In answer to a question from Paul Cheng of Barclays on whether management views California as a core part Phillips long-term portfolio, Greg Garland announced during the 2015 first quarter earnings conference call that Phillips' management thinks California is really a challenged place to do business. "And we think we have kind of - we have good assets, but we think they’re average you have crossed that portfolio. And so we’ll continue to work the thick strategy around the West Coast as we look at more optionality around getting the advantage crude into those assets so kind of cost structure, et cetera, around those assets. But I would say, there’s nothing that’s changed our fundamental view on West Coast assets today."[20]

[edit] March 25, 2015: Phillips Reports Breakdown, Emissions at Wilmington Refinery

Phillips 66 reported a breakdown and emissions at Wilmington Refinery on March 25, 2015.[21]

[edit] March 15, 2015: Phillips Reports Unplanned Flaring, Breakdown Wilmington Refinery

Phillips reported unplanned flaring due to a breakdown at its Los Angeles-area refinery in Wilmington, California, according to a filing with the South Coast Air Quality Management District.[22]

[edit] January 29, 2015: Heavy Black Smoke Spews from Flare at Wilmington Refinery

The Daily Breeze reported on January 29, 2015 that heavy black smoke billowed across the Harbor Area and South Bay from a flare at Phillips 66’s Wilmington oil refinery after an unspecified emergency interrupted the steam system. Phillips 66 spokeswoman Janet Grothe said the South Coast Air Quality Management District was notified of the incident. Refinery tests found that the flares prevented any harmful air emissions from reaching the surrounding community. “Air monitoring has indicated no off-site impact and the refinery continues to operate,” Grothe said.[23]

[edit] January 23, 2015: Phillips Reports Flaring at Los Angeles Refinery

Phillips 66 reported flaring at Los Angeles Refinery on January 23, 2015.[24]

[edit] January 12, 2015: Phillips Reports Flaring at Wilmington Refinery

Phillips reported a flaring event due to unknown reasons at its Wilmington, California refinery, according to a filing with the California Emergency Management Agency.[25]

[edit] January 1, 2015: Phillips Reports Power Failure at Wilmington Refinery

Phillips reported a power failure at its Los Angeles area refinery in Wilmington, California, on Thursday,according to a filing with the California Emergency Management Agency. The event led to the release of sulfur dioxide vapors, the filing said.[26]

[edit] October 30, 2014: Phillips 66 Reports Flaring at Wilmington Refinery

Phillips 66 reported flaring at its Wilmington, California refinery, according to a filing with the California Emergency Management Agency. The Phillips 66 refinery has two linked facilities about 5 miles apart in Carson and Wilmington.[27]

[edit] August 20, 2014: Phillips Report Flaring at Wilmington Refinery

Phillips reported a flaring event at its refinery in Wilmington, California, caused the release of chemical substance, according to a filing with the California Emergency Management Agency. The refinery has two linked facilities about five miles apart in Carson and Wilmington. The former processes crude oil while the latter upgrades the products.[28]

[edit] July 14, 2014: Phillips Reports Loss of Steam at Carson Refinery

Phillips reported its Carson, California, refinery experienced loss of steam resulting in flaring. The refinery has two linked facilities about five miles apart in Carson and Wilmington, California. Reuters, 11:54 July 14, 2014 [29]

[edit] July 8, 2014: Representative Hahn Sends Letter to State Fire Marshal about Phillips Violations After Oil Spill

Zamná Ávila reported at Random Length News on July 8, 2014 that Representative Janice Hahn sent a letter to California Fire Marshal Tonya Hoover with regards to the Phillips 66 violations in a recent oil spill requesting an update on the office’s progress in citing Phillips 66 for federal law violations. “The 1,200 gallon oil spill in Wilmington placed the health of hundreds in danger due to a failure to follow federal law regarding pipeline safety,” Hahn wrote. “The families of Wilmington remain uncompensated for the destruction of their property, and the federal government is unable to act until your office cites the company for wrongdoing.” Hahn expressed her disappointment that Phillips 66 had not yet been cited.[30]

[edit] July 7, 2014: Phillips Reports Process Upset at Carson Refinery

Phillips reported RP states high sulfur in fuel gas resulted in excess of RQ for SOC (500 LBS in a 24-hour period), according to a filing with the California Emergency Management Agency. [31]

[edit] May 26, 2014: Phillips Reports Ammonia Release at Wilmington Refinery

Phillips reported release of anhydrous ammonia at its Los Angeles-area refinery in Wilmington, California, on Monday, according to a filing with state pollution regulators. The filing did not specify whether the event had an impact on production.[32]

[edit] March 18, 2014: Crack in Idle Phillips Pipeline Spews Crude Oil onto Wilmington Streets

The Wilmington Press-Telegrapm reported on March 18, 2014 that a crack in an idle Phillips oil pipeline, possibly caused by this week’s 4.4-magnitude earthquake, spewed thousands of gallons of crude oil onto a residential street in Wilmington. “After a thorough investigation of the source, we can confirm the leak is coming from an idle pipeline owned by Phillips 66,” said Phillips spokeswoman Monica Silva. “We are working to stop the leak and have recovered approximately 30 barrels of oil. Clean-up efforts continue.” Silva declined to elaborate on why the unused 10-inch pipeline was filled with crude oil. Normally, when a pipeline is not being used, oil companies will fill it with concrete slurry. However, if they think they may want to use the line again, they try to keep it viable. In this case, the oil may have been stored in the line to keep it from corroding or collapsing, fire officials said. Silva said oil company officials will not say more about the issue until Wednesday.[33]

Rep. Janice Hahn, D-San Pedro, visited the site on Tuesday out of “concern for the safety and well-being of the residents of Wilmington,” she said in a statement. “The harsh, crude oil smell is not only horrible, but can also be potentially harmful to the neighborhood residents and environment.” “As a member of the House Transportation and Infrastructure Subcommittee on Railroads, Pipelines and Hazardous Materials, I plan to make this oil spill incident a priority,” Hahn said. “I have already reached out to the subcommittee to find out what federal actions we can take to ensure that an incident like this will not happen again, and that there is proper oversight with our nation’s pipelines. County Hazardous Materials Specialist Don Miguel Ellis said that Phillips 66 officials were developing a plan Tuesday afternoon to remove the rest of the oil and clean and repair the area. “It’s a significant spill in a public area,” Ellis said. “But health risks are minimal.”[34]

Phillips, which earlier in the day said it was almost positive that it was not to blame for the leak, later took responsibility and put the blame on one of its out-of-service pipes. Janet Grothe, a spokeswoman for Phillips 66, said the company would investigate why oil remained in the pipe, which she said was taken out of service before Phillips 66 acquired it. Los Angeles Councilman Joe Buscaino, who was touring the area, said the pipe had been withdrawn from service in 1998. Don Ellis, a hazardous-materials specialist with the Los Angeles County Fire Department, said that when an underground oil pipeline is withdrawn from use, it is supposed to be capped and the material inside vacuumed out. Although Phillips initially thought the pipe didn't belong to the firm, the company was involved in the cleanup early on "as a good neighbor," Grothe said adding that Phillips' crews would steam clean the street and that repairs would be completed in a week.[35]

[edit] February 26, 2014: Phillips 66 Reports Flaring at Wilmington Refinery

Phillips 66 reported flaring at its Los Angeles-area refinery in Wilmington, California, on Wednesday, according to a filing with state pollution regulators. The filing did not specify whether the malfunction caused any production impact.[36]

[edit] February 19, 2014: Phillips 66 Reports Unspecified Material Combustion at Wilmington Refinery

Phillips 66 reported an unspecified material combustion due to unknown reasons at its Los Angeles-area refinery in Wilmington, California, on Wednesday, according to a filing with state pollution regulators. The filing did not specify whether the malfunction caused any production impact.[37]

[edit] December 31, 2013: Eleven Workers Treated After Hazardous Materials Leak at Wilmington Refinery

The Daily Breeze reported on December 31, 2013 that eleven workers were briefly treated for possible respiratory problems on December 31, 2013 following a sulfur dioxide leak at the Phillips 66 Refinery in Wilmington. A firefighter at the refinery said the 11 people were workers who had been exposed to sulfur dioxide gas. They were taken to hospitals for emergency treatment in fair condition said Katherine Main of the Los Angeles Fire Department. Other workers were told to shelter in place inside buildings on the refinery. By 11 a.m., the LAFD reported that the situation was “static’’ and there was “no active leak (and) no danger to the community." “All other refinery employees and contract workers have been accounted for and are safe. The area has been secured and the refinery is running under normal operations,’’ said Phillips 66 spokesman Rich Johnson.[38]

[edit] October 30, 2013: Garland Says the Option Value to Hold onto West Coast Refineries at Los Angeles and San Francisco is Not High

In answer to a question from Bradley Olsen of Tudor Pickering Holt & Co. Securities, Inc. Garland told analysts at the third quarter earnings conference on October 30, 2013 that the option value to hold onto West Coast Refineries at Los Angeles and San Francisco is not high. "I think in any time we look at an asset and we’re going to let an asset go, if we are going to get value for PSX shareholders, it has to be tax efficient in terms of the transaction itself. And we look at these assets East and West Coast, we’ll put in advantaged crudes, so that we think we can make them better and drive more value ultimately and optionality that thing, we look at these assets both east and west, we don’t have to put a lot of money into these assets," said Garland. "The option value to hold on is not high for us and again they are generating positive cash or generating maybe single-digit returns, but they are adding value to the portfolio overall. So we don’t feel like there it is stressed assets, we just have to move today. So we’ll hold them for some option value. We’ll consider multiple ways to create values with these assets, but in the mean time we’re going to work to make them better."[39]

[edit] September 27, 2013: Phillips Reports Flaring at Wilmington Refinery

Phillips 66 reported sulfur dioxide emissions led to flaring at its Los Angeles-area refinery in Wilmington, California, according to a filing with state pollution regulators. [40]

[edit] September 5, 2013: Phillips Has Wet Gas Compressor Breakdown at Wilmington Refinery

Phillips 66 reported the breakdown of a wet gas compressor system at its Wilmington Refinery according to a filing with the California Emergency Management Agency. The incident led to sulfur dioxide emissions, the filing said. [41]

[edit] August 12, 2013: Carson Refinery Flares Gas

Bloomberg reported on August 12, 2013 that the Carson Refinery refinery reported flaring at 12:40 a.m. local time, according to a notice to state regulators. The same part of the refinery reported flaring on July 29.[42]

[edit] July 29, 2013: Carson Refinery Flares Gas

Bloomberg reported on August 12, 2013 that the Carson Refinery refinery reported flaring on July 29, 2013.[43]

[edit] June 7, 2013: Phillips Reports Unplanned Flaring at Wilmington Refinery

Phillips 66 reported unplanned flaring at its Wilmington refinery began the morning of June 7 and continued until late night on June 8, according to a filing with the South Coast Air Quality Management District.[44]

[edit] May 10, 2013: Phillips Plans to Flare Sulfur Oxide at Wilmington Refinery from May 12 to May 26

Fox Business reported on May 10, 2013 that Phillips plans to flare sulfur oxide and other gases from May 12 until May 26, 2013 according to a filing with the South Coast Air Quality Management District. A Phillips 66 spokesman declined to comment on the refinery's activities.[45]

[edit] April 13, 2013: Unspecified Breakdown Causes Flaring at Wilmington Refinery

Phillips reported unplanned flaring due to a breakdown at its Wilmington refinery, according to a filing with the South Coast Air Quality Management District.[46]

[edit] April 4, 2013: Fire Extinguished at Wilmington Refinery

Fox Business reported on April 4, 2013 that a small fire in a coking unit at the Wilmington Refinery was put out quickly and caused no injuries.[47]

[edit] March 28, 2013: Phillips Shuts Down Leaky Isomerization Unit at Los Angeles Refinery

Bloomberg reported on March 18, 2013 that Phillips shut an isomerization unit on March 18, 2013 at their Los Angeles Refinery after discovering a leak, a person with direct knowledge of the work said. The unit, which makes unleaded gasoline components, may remain down until tomorrow for line repairs, the person said.[48]

[edit] February 7, 2013: Phillips Reports Flaring at Wilmington Refinery

Phillips 66 reported a flaring event at its Wilmington refinery February 7, 2013, according to a filing with the California Emergency Management Agency. Operators were investigating the incident, which caused more than 500 pounds of sulfur dioxide to release to the atmosphere. [49]

[edit] February 5, 2013: Canadian Crude is Being Transported to Los Angeles Refinery

Reuters reported on February 5, 201 that Tim Taylor, Phillips executive vice president for commercial, marketing, transportation and business development, told the Credit Suisse energy conference that Phillips has begun moving cut-price Canadian crude to its California refineries at Los Angeles and San Francisco via rail. "We're beginning to deliver Canadian crude to our California refineries by rail," said Taylor. Garland told Reuters on January 30, 2013 that Phillips was looking at coiled tube cars that are suited to bitumen in Canada's heavy oil deposits that must be heated in order to flow.[50]

[edit] January 30, 2013: Garland Does Not Rule Out a Sale of Los Angeles Refinery

Reuters reports that Greg Garland told investors on January 30, 2013 at the 4th quarter earnings conference that Phillips did not rule out a sale of Phillips two California refineries, one at Los Angeles and one at San Francisco, given challenges with state regulatory requirements and high costs. "We're studying any and all options for California in terms of where do we go long-term in the business," said Garland. "We are doing everything we can to improve it. I don't feel it's a distressed asset. We want to take our time and be thoughtful."[51]

Garland told analysts that Phillips 66 was looking at getting railcars capable of hauling even cheaper Canadian heavy crude to the company's refineries in California. However, he said resistance to such a move was likely. A 2006 California law requiring sharp cuts in emissions has a component that would require refineries to run crudes produced in environmentally friendly ways. Canadian crude production comes with high emissions. Plus, California has the huge Monterey shale, estimated by the U.S. government to have more reserves than the prolific Eagle Ford in Texas or Bakken in North Dakota. But output has been spotty with geology that differs from those other plays. Given those uncertainties, Garland told Reuters in an interview that for the time being, Phillips 66 will focus on improving the California refineries' single-digit returns while studying a possible sale, joint venture or spinoff. "The option value to hold California is zero. It really costs us nothing."[52]

[edit] January 30, 2013: Garland Says Phillips Utilization Rate Was Negatively Impacted by Turnaround at Los Angeles Refinery

Greg Garland told analysts at the 4th quarter earnings conference on January 30, 2013 that Phillips utilization rate was negatively impacted by the turnaround at the Los Angeles Refinery as well as turnarounds at Wood River and Borger refineries, and Hurricane Sandy related unplanned downtime at the Bayway refinery. "In refining and marketing, our refining realized margin was $13.67 per barrel with a global crude utilization rate of 91% and a clean product yield of 83%," said Garland. "Lower volumes negatively impacted earnings by $42 million, mainly in the Atlantic basin and the Central Corridor regions, reflecting unplanned downtime due to Hurricane Sandy and plant turnarounds."[53]

[edit] November 16, 2012: Planned Flaring to Occur at Wilmington Refinery from November 22 to December 6

Bloomberg reported on November 16, 2012 that planned flaring will take place at its Wilmington Refinery from November 22 to December 4, 2012. “Planned maintenance is under way” at the refinery, Dennis Nuss, a spokesman at Phillips 66’s headquarters in Houston, said by e-mail.[54]

[edit] November 8, 2012: Planned Flaring to Occur at Carson Refinery from November 10 to November 23

Nasdaq reported on November 13, 2012 that planned flaring will take place at its Carson Refinery between November 10 and 23, 2012. The flaring isn't associated with equipment breakdown, the filing to government regulators said.[55]

[edit] October 31, 2012: California Refineries are in Lower Performing Part of Refinery Portfolio and Must Improve

Tim Taylor was asked at the Phillips Third Quarter Earnings Conference on October 31, 2012 if Phillips' position with its two major refineries in California was sufficiently advantaged to warrant continued participation and replied that when Phillips looks at the West Coast, it's been one of the more challenged markets from a recovery standpoint post-recession. "In California, specifically, it's a tough regulatory environment, as well, so costs are higher. And there is a lot of potential additional costs as new regulations come into effect. That said, it's still a very significant market and we think it's really important to look at how can we get some of these crudes out of the middle part of the country into the West Coast, particularly California. So we're working hard on that to try and change that. The comment I'd make in Washington is that that's got a natural access to the Bakken in North Dakota and Canadian crudes. We separate the Washington piece from the California piece that way. But everyone's working hard to look at some crude solutions for the West Coast to improve its competitive position."[56]

"I think we look at the market and say demand continues to struggle out there, as well, post-recession," added Taylor. "And then I think you look more fundamentally at the operating environment and the costs associated with particularly the environmental regulations. And we think that's going to continue to keep pressure on operations and operating costs out there. So, yes, I would say that from a California perspective it is one of the more challenged parts of our portfolio in terms of the basic value equation. So that's why we're still looking at the crude side of it. And continuing to stay abreast and on top of what it's going to take to comply with things like AB32 to really maintain your operations out there."[57]

Asked if California would still remain part of Phillips' core portfolio Taylor replied that right now California is in the lower performing part of Phillips portfolio. "So I think that if our assessment would become that it's going to be challenged for some period of time, we've either got to find a way to improve that operation or find some other way to deal with that."[58]

[edit] October 24, 2012: Phillips Restarts Units at Wilmington Refinery after Power Dip

Fox Business reported on October 24, 2012 that a few units at Phillips' Wilmington Refinery were restarted on October 23, 2012 after experiencing an external power dip from the Los Angeles Department of Water and Power. The Refinery also reported an unplanned flaring event to the South Coast Air Quality Management District.[59]

[edit] October 5, 2012: Sources Allege Phillips Delays Work at Los Angeles Refinery to Cash In on Record Profit Margins

The Tulsa World reported on October 6, 2012 that according to two people with knowledge of Phillips Los Angles Refinery maintenance schedule, Phillips 66 has delayed work at its Los Angeles refinery to cash in on record profit margins in California. A six-week maintenance turnaround on the hydrocracker, which makes high-octane gasoline and other lighter oil products, has been put off until at least Oct. 16 from a previous Oct. 9 start date, said the people, who asked not to be identified because the information wasn't public. "With crack spreads this high, it's kind of expected that all will make as much fuel as possible to cash in on the spreads," Tim Hamilton, executive director of the Automotive United Trades Organization. A Phillips 66 spokesman at the company's headquarters in Houston, declined to comment on maintenance plans at the 139,000-barrel-a-day Los Angeles plant. "I can tell you there is no planned maintenance work currently at our Los Angeles refinery," said Rick Johnson.[60]

[edit] September 24, 2012: Air Pollution Regulators Probe Day Long Burnoff at Wilmington Refinery

The Contra Costa Times reported on September 24, 2012 that air quality regulators are investigating whether a burnoff of petroleum products at the Phillips 66 oil refinery in Wilmington that lasted for about six hours after a power outage caused a sudden shutdown of all refinery operations could have been avoided. Black smoke billowing out of the refinery's flare could be seen for miles. The South Coast Air Quality Management District received 125 complaints about the smoke that day. Two days later, more complaints streamed in over a chemical odor surrounding the refinery. AQMD spokesman Sam Atwood said investigators believe the smell came from vapors that had leaked from a petroleum storage tank. The refinery was issued a violation last week due to the odors, and will have to either pay a fine or invest in something that benefits the local environment, Atwood said.[61]

[edit] September 20, 2012: Facility-wide Shutdown at Los Angeles Refinery

Nasdaq reported on September 21, 2012 that record heat and a power outage on September 15, 2012 forced a facility-wide shutdown at Phillips 66's Los Angeles refinery but that several units have been brought back online and all units are seen back by the end of the week.[62] Nasdaq reported on September 26, 2012 that production resumed on September 21, 2012 after record heat and a power outage on September 15 forced a facility-wide shutdown.[63]

[edit] July 22, 2012: Planned Flaring at Wilmington Refinery

Nasdaq reported on July 27, 2012 that maintenace work was completed on July 19, 2012 and that planned flaring took place at the Wilmington Refinery from July 22 to July 25, 2012 according to the South Coast Air Quality Management District.[64]

[edit] July 20, 2012: Planned Flaring at Wilmington Refinery

Reuters reported a planned flaring at the Wilmington Refinery on July 12, 2012.[65]

[edit] July 12, 2012: Planned Flaring at Wilmington Refinery

Reuters reported a planned flaring at the Wilmington Refinery on July 12, 2012.[66]

[edit] July 8, 2012: Wilmington Refinery in Planned Overhaul

Reuters reported on July 8, 2012 that the Wilmington Refinery was in a planned overhaul which shut the hydrogen plant, according to a notice the refinery filed with California pollution regulators. The work triggered flaring at the refinery and the release of sulfur dioxide, according to the notice filed with the California Emergency Management Agency.[67]

[edit] July 3, 2012: Flaring Reported at Wilmington Refinery

Reuters reported a flaring at the Wilmington Refinery on July 3, 2012.[68]

[edit] June 29, 2012: Upset in Alky Unit at Wilmington Refinery

Reuters reported an upset in the AlkyUnit at the Wilmington Refinery on June 29, 2012.[69] Phillips 66 reported flaring due to an alkylation unit upset at its Wilmington refinery, according to a filing with the California Emergency Management Agency. Operators had secured the release and flaring had stopped at the time of the filing.[70]

[edit] June 26, 2012: Sulfur Recovery Plant Down at Wilmington Refinery

Nasdaq reported on June 26, 2012 that a sulfur recovery plant at Phillips 66's Wilmington refinery shut down unexpectedly on June 26, causing a flaring event, according to a California Emergency Management Agency hazardous materials spill report.[71]

[edit] May 8, 2012: Work Completed as Los Angeles Refinery

Reuters reported on May 8, 2012 that Phillips 66 finished unspecified planned work at its Los Angeles-area refinery that had begun in April, 2012. The refinery has two linked facilities in the Los Angeles-area: one in Carson that processes crude oil and another five miles away in Wilmington that upgrades the products.[72] Bloomberg Businessweek reported on May 3, 2012 that the Los Angeles refinery was scheduled to flare gases through May 3 as part of planned maintenance.[73]

[edit] References

  1. ConocoPhillips. "US Refining as of March 31, 2011"
  2. ConocoPhillips. "US Refining as of March 31, 2011"
  3. KTLA. "Fire Crews Battle Blaze at Phillips 66 Refinery in Carson" May 2, 2019.
  4. KTLA. "Massive Fire Erupts at Oil Refinery in Carson" March 15, 2019.
  5. High Country News. "A new generation of activists, born next to an oil refinery" by Jesse Hardman. March 7, 2018.
  6. Department of Energy. "Energy Assurance Daily" June 13, 2016
  7. Department of Energy. "Energy Assurance Daily" May 31, 2016
  8. Seeking Alpha. "Phillips 66's (PSX) CEO Greg Garland on Q1 2016 Results - Earnings Call Transcript" April 29, 2016.
  9. Department of Energy. "Energy Assurance Daily" November 12, 2015
  10. Department of Energy. "Energy Assurance Daily" November 12, 2015
  11. Department of Energy. "Energy Assurance Daily" November 6, 2015
  12. Department of Energy. "Energy Assurance Daily" November 2, 2015
  13. Department of Energy. "Energy Assurance Daily" October 30, 2015
  14. Department of Energy. "Energy Assurance Daily" October 5, 2015
  15. Department of Energy. "Energy Assurance Daily" October 1, 2015
  16. Department of Energy. "Energy Assurance Daily" September 1, 2015
  17. Department of Energy. "Energy Assurance Daily" July 16, 2015
  18. Department of Energy. "Energy Assurance Daily" June 25, 2015
  19. Nasdaq. "Phillips 66 Says Planned Maintenance Underway at Five Refineries" June 8, 2015.
  20. Seeking Alpha. "Phillips 66's (PSX) CEO Greg Garland on Q1 2015 Results - Earnings Call Transcript" April 30, 2015.
  21. Department of Energy. "Energy Assurance Daily" March 25, 2015
  22. Department of Energy. "Energy Assurance Daily" March 15, 2015
  23. Daily Breeze. "Heavy black smoke spews from flare at Phillips 66 refinery in Wilmington" by Sandy Mazza. January 29, 2015.
  24. Department of Energy. "Energy Assurance Daily" January 26, 2015
  25. Department of Energy. "Energy Assurance Daily" January 12, 2015
  26. Department of Energy. "Energy Assurance Daily" January 1, 2015
  27. United Steelworkers. US Department of Energy. "Energy Assurance Daily" October 31, 2014
  28. United Steelworkers. US Department of Energy. "Energy Assurance Daily" August 21, 2014
  29. US Department of Energy. "Energy Assurance Daily" July 16, 2014
  30. Random Length News. "Hahn Sends Letter to State Fire Marshal about Phillips 66 Violations" by Zamná Ávila. July 8, 2014.
  31. US Department of Energy. "Energy Assurance Daily" July 8, 2014
  32. US Department of Energy. "Energy Assurance Daily" May 28, 2014
  33. Wilmington Press-Telegram. "Crack in idle Phillips 66 pipeline spews crude oil onto Wilmington streets" by Brad Graverson. March 18, 2014.
  34. Wilmington Press-Telegram. "Crack in idle Phillips 66 pipeline spews crude oil onto Wilmington streets" by Brad Graverson. March 18, 2014.
  35. LA Times. "Phillips 66 oil line in Wilmington blamed for 1,200-gallon spill" by Jeff Gottlieb. March 18, 2014.
  36. United Steelworkers. Refinery Events for February 21 – 27, 2014
  37. United Steelworkers. Refinery Events for February 14 – 20, 2014
  38. Daily Breeze "11 workers treated after hazardous materials leak at Phillips 66 Refinery in Wilmington" December 31, 2013.
  39. Seeking Alpha. "Phillips 66's CEO Discusses Q3 2013 Results - Earnings Call Transcript" October 30, 2013.
  40. United Steelworkers. Refinery Events September 27, 2013—October 1, 2013
  41. United Steelworkers. Refinery Events September 6, 2013—September 12, 2013
  42. Bloomberg. "Los Angeles Gasoline Strengthens as Carson Refinery Flares Gases" by Eliot Caroom. August 12, 2013.
  43. Bloomberg. "Los Angeles Gasoline Strengthens as Carson Refinery Flares Gases" by Eliot Caroom. August 12, 2013.
  44. United Steelworkers. Refinery Events - (June 7, 2013 through June 13, 2013)
  45. Fox Business. "Phillips 66 Plans Gas Flaring at Wilmington, Calif., Refinery-Filing" by Ben Lefebre. May 10, 2013.
  46. United Steelworkers. Refinery Events - (April 12, 2013 through April 18, 2013)
  47. Fox Business. "Refinery Status: Leak, Fire at LyondellBasell -2-" April 4, 2013.
  48. Bloomberg. "Los Angeles Gasoline Advances as Phillips 66, Exxon Repair Units" March 18, 2013.
  49. United Steelworkers. Refinery Events - (Feb. 8, 2013 through Feb. 14, 2013)
  50. Reuters. "UPDATE 1-Phillips 66 moving some Canadian crude to Calif. refineries" by Kristen Hays. February 5, 2013.
  51. Reuters. "Phillips 66 mulling options for California refineries" by Kristen Hays.
  52. Reuters. "Phillips 66 mulling options for California refineries" by Kristen Hays.
  53. Seeking Alpha. "Phillips 66's CEO Discusses Q4 2012 Results - Earnings Call Transcript" January 30, 2013.
  54. Bloomberg. "Los Angeles Gasoline Rises as Phillips 66 Refinery Plans Flaring" November 26, 2012.
  55. Nasdaq. "Refinery Status: Unit Upset At Phillips 66/Cenovus Refinery In Wood River, Illinois" November 13, 2012.
  56. Philips 66. "Phillips Third Quarter Earnings Conference" October 31, 2012
  57. Philips 66. "Phillips Third Quarter Earnings Conference" October 31, 2012
  58. Philips 66. "Phillips Third Quarter Earnings Conference" October 31, 2012
  59. Fox News. "Phillips 66 Restarting Units at California Refinery-Spokesman" October 24, 2012.
  60. Tulsa World. "Phillips 66 delaying work on refinery; sources allege cash-in on gas-price surge" by Lynn Doan. October 6, 2012.
  61. Contra Costa Times. "Air pollution regulators probe Phillips 66 refinery in Wilmington" by Sandy Mazza. September 24, 2012.
  62. Nasdaq. "Refinery Status: Some Units Restarted At Phillips 66 Los Angeles Refinery" September 21, 2012.
  63. Nasdaq. "Refinery Status: Coker Unit Snag Reported at Exxon Joliet" September 26, 2012.
  64. Nasdaq. "Refinery Status: Valve Leak Causes Flaring At Phillips 66 Rodeo, Calif., Refinery" July 27, 2012.
  65. Reuters. "U.S. refinery shutdowns - Sinclair, Phillips 66, Tesoro" July 25, 2012.
  66. Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.
  67. Reuters. "Phillips LA refinery performing planned work-filing" July 8, 2012.
  68. Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.
  69. Reuters. "U.S. refinery shutdowns-Phillips 66, Tesoro, Exxon" July 13, 2012.
  70. United Steelworkers Weekly List of Refinery Events. "June 29, 2012—July 5, 2012
  71. Nasdaq. "Sulfur Recovery Plant Down at Phillips 66 Wilmington, Calif., Refinery" June 26, 2012.
  72. Reuters. "Planned work done at Los Angeles-area refinery -Phillips 66" May 8, 2012.
  73. Bloomberg Businessweek. "San Francisco Gasoline Rises to Six-Month High on Work" by Lynn Doan. May 3, 2012.



[edit] Master Index of Articles about Phillips 66

The North Tower and the South Tower, part of Phillips 66's Refinery Complex in Ponca City, contain over 250,000 square feet of Class A office space that is essentially unused. Research West contains another 230,000 square feet of unused Class A office space. Photo: Hugh Pickens
Ponca: A Core Asset. Phillips CEO Greg Garland told members of the Bartlesville Chamber of Commerce on August 27, 2013 that the refinery at Ponca is a 'core asset' of Phillips 66. The refinery in Ponca City "is making very good money for us," Garland told his Bartlesville audience. Garland added that he expects gas demands in the U.S. to decline by 20 percent in the next 10 years, but that demand for refined products in South America and Africa will more than offset that decline.

by Hugh Pickens, Ponca City Oklahoma


The purpose of this report is to provide a comprehensive overview of Phillips 66 that documents and explains the company's business strategy and execution of that strategy.

Major Sections of this report on Phillips 66 include:

Safety, Environment, Legal


Corporate


Strategic and Financial


Business Segments


Stock Market


Reference

Refining Business Segment


Increasing Profitability in Refining Business Segment


Detailed Look at Ponca City Refinery


Other Phillips Refineries


Other Locations

Personal tools