Phillips 66
Phillips 66, a leading energy manufacturing and logistics company, is headquartered in Houston, Texas, USA. Founded in 2012 as a spin-off from ConocoPhillips, the company has quickly established itself in the oil and gas industry, focusing on refining, midstream, and chemicals. With a strong presence in North America and international markets, Phillips 66 operates numerous refineries and pipelines, ensuring efficient energy distribution. The company is renowned for its diverse portfolio of products, including gasoline, diesel, and petrochemicals, which are distinguished by their commitment to safety and environmental stewardship. Phillips 66 has achieved significant milestones, such as being consistently ranked among the top companies in the Fortune 500. Its innovative approach and strategic investments position it as a formidable player in the global energy landscape.
DitchCarbon Score
How does Phillips 66's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Gas/Diesel Oil industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Phillips 66's score of 15 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Phillips 66's reported carbon emissions
In 2023, Phillips 66 reported total carbon emissions of approximately 359,000,000,000 kg CO2e from Scope 3, alongside 31,600,000,000 kg CO2e from Scope 1 and 7,300,000,000 kg CO2e from Scope 2. This reflects a continued commitment to transparency in emissions reporting, although specific reduction targets or initiatives have not been disclosed. Over the years, Phillips 66 has shown fluctuations in its emissions. For instance, in 2022, the company emitted about 354,000,000,000 kg CO2e in Scope 3, with Scope 1 and 2 emissions at approximately 24,800,000,000 kg CO2e and 6,400,000,000 kg CO2e, respectively. The company has not established specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. The emissions data highlights the significant impact of Scope 3 emissions, which account for the majority of Phillips 66's carbon footprint. The company operates in the mineral fuels and oils sector, where emissions per barrel of processed crude are critical metrics for assessing environmental performance. As Phillips 66 continues to navigate the complexities of climate commitments, the focus on emissions reduction will be essential for aligning with global climate goals.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 25,500,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
| Scope 2 | 9,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Phillips 66 is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
