Phillips 66
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 20 is lower than 51% 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 2023, Phillips 66 reported total carbon emissions of approximately 316,000,000 kg CO2e for Scope 1, 7,300,000 kg CO2e for Scope 2, and a significant 359,000,000,000 kg CO2e for Scope 3 emissions. This reflects a slight increase in Scope 1 emissions from 2022, which were about 248,000,000 kg CO2e, while Scope 2 emissions rose from approximately 6,400,000 kg CO2e. The Scope 3 emissions have remained relatively stable, with 354,000,000,000 kg CO2e reported in 2022. Phillips 66 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 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 commitments. The company is actively engaged in sustainability initiatives, aligning with industry standards to mitigate its environmental impact.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Scope 3 | - | - | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Phillips 66 is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
