Phillips 66
Phillips 66 is a publicly listed semi integrated company headquartered in USA. In 2020, it had USD 114.22 billion in revenue and a reported 14,600 employees*. Phillips 66 transports, refines and retails oil and gas products, primarily oil. The company lacks a credible strategy to transition to the low-carbon economy and lobbies against climate policy.
- Ranking position
- #72 /100
- Total score
- 2.6 /100
- Performance score
- 1.1 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practice
No leading practices were identified for this company.
Risks and opportunities
Trend
Phillips 66 receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Phillips 66’s scope 1, 2 and 3 emissions intensity is projected to only see a negligible decrease between 2019 and 2024 and is not expected to achieve the annual reduction of 4% required by its 1.5°C pathway. The company has no emissions reduction targets, nor does it have a detailed transition plan or commitments to dedicate CapEx to low-carbon projects. At the company’s 2021 annual general meeting, a majority of the investors approved a proposal for the company to set emissions reduction targets that include scope 3 emissions. External pressure such as this may help drive a change in the company’s strategy and increase its commitment towards the low-carbon transition.
Progress towards the Paris Agreement
See results for
More about the company
- Headquarters
- Houston, Texas, Houston, Texas, United States of America
- Group revenue
- USD 114.22 billion
- Ownership structure
- Publicly listed
- Number of employees
- 14,600
- Scope of activity
- Semi Integrated
- Website
- https://www.phillips66.com