Phillips 66 Unveils 2024 Sustainability and People Report

Phillips 66 (NYSE: PSX) has unveiled its 2024 Sustainability and People Report today, showcasing the company’s strategies in meeting global energy demands while advancing initiatives to lower emissions and drive growth.

Mark Lashier, Chairman and CEO of Phillips 66, emphasized, “This report highlights our employees’ accomplishments and outlines our future roadmap as we continue to execute our strategic priorities. Our achievements in 2023 underscore our dedication to fulfilling our mission of supplying energy and enhancing quality of life. We are excited about the opportunities ahead as we pursue investments that align with our business strategy, including those aimed at reducing carbon emissions.”

In a first for the company, this year’s report consolidates its previous disclosures on sustainability and human capital management into a single comprehensive document. The report details Phillips 66’s sustainability performance in 2023 and its efforts to cultivate a high-performance organization, focusing on:

  • Successfully transitioning and initiating operations at the San Francisco Refinery, now the Rodeo Renewable Energy Complex, one of the world’s largest facilities for renewable fuels.
  • Advancing sustainability goals and targets for reducing greenhouse gas emissions, with a specific focus on managing methane emissions.
  • Investing in employee growth and fostering innovative teams to drive operational innovation.

Since its inception in 2012, Phillips 66 has annually disclosed sustainability metrics and information. The company remains committed to transparency and providing meaningful insights into its workforce practices and sustainability initiatives, including comprehensive performance data.

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