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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
Performance module name Performance module score Rank (0-100)

Targets

0.0 /100 #38

Material Investment

8.4 /100 #39

Intangible Investment

0.0 /100 #20

Sold products

3.2 /100 #40

Management

28.8 /100 #60

Supplier Engagement

0.0 /100 #57

Client Engagement

5.0 /100 #39

Policy Engagement

0.0 /100 #97

Business Model

5.0 /100 #37

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

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