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 20 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Phillips 66's reported carbon emissions
In 2023, Phillips 66 reported total carbon emissions of approximately 316,000,000 kg CO2e for Scope 1, 7,300,000 kg CO2e for Scope 2, and about 359,000,000,000 kg CO2e for Scope 3 emissions. This reflects a significant commitment to addressing climate change, with a focus on reducing emissions across all scopes. The company has set ambitious reduction targets, aiming for a 30% decrease in Scope 1 emissions and a 25% reduction in Scope 2 emissions, both from a 2020 baseline by the year 2030. These targets demonstrate Phillips 66's proactive approach to mitigating its environmental impact. Over the past few years, emissions have fluctuated, with Scope 1 emissions recorded at approximately 248,000,000 kg CO2e in 2022 and 303,000,000 kg CO2e in 2021. Scope 2 emissions were about 6,400,000 kg CO2e in 2022 and 4,500,000 kg CO2e in 2021, while Scope 3 emissions were approximately 354,000,000,000 kg CO2e in 2022 and 350,000,000,000 kg CO2e in 2021. Phillips 66's climate commitments are not only focused on emissions reduction but also align with broader industry standards and expectations for sustainability. The company is actively working to enhance its environmental performance and contribute to 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 participating in some of the initiatives that 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.
