Phillips 66, a prominent name in the oil and gas industry, is headquartered in the United States. Established in 2012 as a spin-off from ConocoPhillips, the company has quickly grown to become a key player in the refining and marketing of gas and diesel fuels. Its core operations span refining, midstream, and chemicals, with a focus on delivering high-quality petroleum products across North America and beyond.
Known for its innovative approach to fuel production, Phillips 66 specialises in refining and distributing petrol, diesel, and other petroleum derivatives. The company's strategic milestones and commitment to operational excellence have secured its position as a leading energy provider. With a reputation for reliability and efficiency, Phillips 66 continues to shape the landscape of the global oil and gas sector.
+13 vs industry average
Phillips 66’s score of 33 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Gas/Diesel Oil has above-average carbon intensity
Industry performance
The Gas/Diesel Oil industry has reduced its overall emissions by 23% since 2018
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Phillips 66's reported carbon emissions
Phillips 66, headquartered in the US and operating within the Gas/Diesel Oil industry, has disclosed its carbon emissions for recent reporting years. For 2024, the company reported Scope 1 emissions of approximately 32,700 kg CO2e, Scope 2 emissions of about 7,500 kg CO2e, and Scope 3 emissions of approximately 365,000 kg CO2e.
In 2023, Phillips 66's Scope 1 emissions were around 31,600,000,000 kg CO2e, with Scope 2 emissions at approximately 7,300,000,000 kg CO2e, and Scope 3 emissions totalling about 359,000,000,000 kg CO2e. The total calculated emissions for 2023 were approximately 397,900,000,000 kg CO2e.
Looking back, Scope 1 and 2 emissions in 2022 were approximately 24,800,000,000 kg CO2e and 6,400,000,000 kg CO2e respectively, with Scope 3 emissions at about 354,000,000,000 kg CO2e. In 2021, Scope 1 emissions were reported as approximately 30,300,000,000 kg CO2e, Scope 2 at about 4,500,000,000 kg CO2e, and Scope 3 at approximately 350,000,000,000 kg CO2e. For 2020, Scope 1 emissions stood at roughly 25,500,000,000 kg CO2e, Scope 2 at approximately 4,600,000,000 kg CO2e, and Scope 3 at around 313,000,000,000 kg CO2e. In 2019, Scope 1 emissions were approximately 30,100,000,000 kg CO2e, Scope 2 at about 5,400,000,000 kg CO2e, and Scope 3 at approximately 382,000,000,000 kg CO2e.
Phillips 66 has set climate commitments including a target to reduce its Scope 1 emissions by 30% from a 2020 baseline by 2030, and a goal to reduce its Scope 2 emissions by 25% from a 2020 baseline by the same year. It is important to note that data for Scope 3 category "purchased goods and services" is reported as missing for multiple years.
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Phillips 66’s Climate Goals (2030 & 2050)
2 goals2030
30% reduction in Scope 1
We aim to reduce our Scope 1 emissions by 30% from a 2020 baseline by 2030.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Phillips 66
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