Phillips 66 Sustainability Profile
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 38 is higher than 72% 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 2024, Phillips 66 reported total carbon emissions of approximately 404,200,000 kg CO2e, comprising 32,700 kg CO2e from Scope 1, 7,500 kg CO2e from Scope 2, and 365,000,000 kg CO2e from Scope 3 emissions. This reflects a slight increase in emissions compared to 2023, where total emissions were approximately 382,000,000,000 kg CO2e, with Scope 1 at 31,600,000,000 kg CO2e, Scope 2 at 7,300,000,000 kg CO2e, and Scope 3 at 359,000,000,000 kg CO2e. Phillips 66 has set ambitious reduction targets, aiming to decrease Scope 1 emissions by 30% and Scope 2 emissions by 25% from a 2020 baseline by the year 2030. These commitments demonstrate the company's proactive approach to addressing climate change and reducing its carbon footprint. The emissions data is not cascaded from any parent organization, indicating that Phillips 66 independently reports its emissions and climate initiatives. The company continues to engage in sustainability efforts, aligning with industry standards and practices to mitigate its environmental impact.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 00,000 |
| 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 | 0,000 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000 |
How Carbon Intensive is Phillips 66's Industry?
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Phillips 66's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Phillips 66 has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
