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.
+13 vs industry average
Phillips 66’s score of 32 is higher than 63% 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 41% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Phillips 66's reported carbon emissions
In 2024, Phillips 66 reported total carbon emissions of approximately 365,000,000 kg CO2e, comprising 32,700,000 kg CO2e from Scope 1, 7,500,000 kg CO2e from Scope 2, and 365,000,000 kg CO2e from Scope 3 emissions. This data reflects the company's ongoing commitment to transparency in its environmental impact. The company has set ambitious reduction targets, aiming to decrease its Scope 1 emissions by 30% and Scope 2 emissions by 25% from a 2020 baseline by the year 2030. These targets demonstrate Phillips 66's proactive approach to mitigating its carbon footprint and addressing climate change. As part of its sustainability initiatives, Phillips 66 is focused on improving energy efficiency and reducing greenhouse gas emissions across its operations. The company is committed to aligning its strategies with industry standards and best practices to enhance its environmental performance.
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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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