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 23 is higher than 57% 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 36,300,000,000 kg CO2e, comprising 31,600,000,000 kg CO2e from Scope 1, 7,300,000,000 kg CO2e from Scope 2, and 359,000,000,000 kg CO2e from Scope 3 emissions. This represents a slight increase in Scope 1 emissions from 2022, where they were about 24,800,000,000 kg CO2e, while Scope 2 emissions also rose from approximately 6,400,000,000 kg CO2e. Scope 3 emissions remained relatively stable, with 354,000,000,000 kg CO2e reported in 2022. Phillips 66 has set ambitious reduction targets to address its carbon footprint. The company aims to reduce its Scope 1 emissions by 30% and Scope 2 emissions by 25% from a 2020 baseline by the year 2030. Additionally, in 2022, its subsidiary, CPChem, announced a target to reduce the carbon intensity of its operations by 15% at CPChem-operated facilities by 2030, relative to a 2020 baseline. These commitments reflect Phillips 66's ongoing efforts to align with industry standards for climate action and demonstrate a proactive approach to mitigating climate change impacts.
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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.
