Hearing rumors of org announcement changes and layoffs starting today..
Happy Thanksgiving to all except for the ELT and the lower level buffoons who gleefully do their dirty work for them.
33+ years with the company and $3.79 will get you a Grande coffee from Starbbucks.
What if we could choose someone else from the ELT to become CEO? If were to make TR CEO and shut down BT, employee morale would shoot up like never before. We would be inspired again and feel like we could have a real career again. Top performers... — read more
P66 says that petrochemicals are where the growth will be in future. And maybe it will be. But P66 also said that BT was going to do magical things for the stock and make P66 an even better place to work. Neither of those things have happened... — read more
If you look at the bios of the ELT you’ll see that none of them are original Phillips Petroleum, Conoco, or ConocoPhillips officers. The CEO did start out with PPCO, but he was in CP Chem for a long time. They’ve all knocked around at different... — read more
P66 said on the earnings call last Friday that the employees are “fully embracing BT”. I guess that’s what they get told when they visit the various field locations, but it’s as far from what I’ve seen as you can get. I know a couple of BT Champions... — read more
Serious question. You go to most threads and see an identical number of down votes on all the comments, you get the odd comment about how p66 is great and we're all a bunch of bellyachers, how everyone needs to lay off such and such. So who are you... — read more
I’m hearing the Borger RLT +1 is in a deep panic over the possible sale of WRB to Cenovus.
At a meeting the other day the Investor Relations guy said that as soon as it was announced that P66 wanted to sell 3 billion dollars worth of assets, his email “lighted up” with companies offering to buy anything P66 was selling. This is most likely... — read more
Does anyone else’s Team Lead keep checking up on union employees? Such as coming to make sure subordinates are not sitting down during a 12 hour shift. Finding frivolous tasks for them do in order to sure the company is getting their moneys worth. I... — read more
https://www.examiner-enterprise.com/story/business/employment/2023/11/14/phillips-66-shuffles-bartlesville-staff-to-reportedly-cut-office-space/71571397007/ Phillips 66 has begun vacating floors 10 through 18 of its Phillips office building... — read more
If you haven’t read the story about Learning and Development, save yourself a few minutes and don’t bother. Nothing in it bears any resemblance to the way things really are in that group. Training was barely adequate before BT and now it has to be... — read more
I’m hearing through the company grapevine that there was a large hydrocarbon spill overnight at the Borger Refinery overnight. Maybe if the company focused on running reliably instead of laying off people, this wouldn’t happen.
What about our R and D folks? I hear they’re having a hiring freeze. And that people are desperate to get out. Is it a sinking ship?
I’m often asked “why are you so down on the company”,you had a lot of good years with it? I’m reminded of an old saying. It was said that you can have 100 “atta boys” but 1 “eff up” will cancel them out. That’s the way I feel about the company now... — read more
This is your periodic reminder that Emerging Energy has gone absolutely nowhere in 2 years and is going absolutely nowhere. This is supposed to be 2 billion dollar a year business.
Fresh off a super inspiring update and marketing video, I feel more transformed than ever! As it turns out, if you put your three business units in the shape of a red triangle on a PowerPoint slide, you now have a strategy. I’m going to tell my... — read more
Guess this is one way to “transform the business” when you’ve failed at the current transformation attempt. https://finance.yahoo.com/news/1-phillips-66-identifies-non-180249568.html
Success share program discountinued for 2024. But hey, if you are rated 1 or 2, your individual performance adjustment for VCIP increases. Maybe that will make up for "market rate base salary" and the loss of the "success share". Will there be... — read more
A county judge has shutdown the Rodeo Renewable Diesel Project pending more environmental studies. The judge also stopped construction while the study is ongoing. While it is certain to be appealed, this is a real setback to the project. So the one... — read more
So my delayed merit increase is paying for new parents to have up to 16 weeks off paid at 100%. Once again, P66 shows that they only value youngsters and not the experienced and long tenure employees
Like him or not, John Oliver (HBO) presents a an eyeopener of a segment on McKinsey & Co. These “consultants” are the people P66 spent millions of $$$ on to advise them on “improving” the business. No surprise the results are what they are. Take a... — read more
Will I be the last one here to switch off the lights? Hope not...
There has been a lot of criticism directed at the CEO, ELT, different VPs and the Business Transformation program. That criticism is richly deserved and if anything doesn’t go far enough. One notable exception to this is the Benefits Center! When I... — read more
What sort of questions are asked? How do you decline answering something? What was your experience?
HR is unorganized on the dr-g test and physical part, had to do it four different times, first time the medical facility lost all of my paperwork, the second time a different facility didn’t get enough hair for a hair follicle test, the third time... — read more
Isn’t it amazing that we have several members of the ELT making 10s of millions of dollars per year, that UPS workers got almost a 40% pay raise recently, and it looks like auto workers will get at least a 30% pay raise if not more, yet most of our... — read more
Looking at LinkedIn, there seem to be a lot of postings for “university new hires.” That’s gotta make you scratch your head, right? They are attempting to replace experienced, higher salary employees, with lower cost employees. Literally younger... — read more
The price differential between P66 and our peers is widening. Valero is now ~$20 higher than PSX and Marathon is now ~$32 higher than PSX. This is even more proof that BT is an epic failure. Not that any additional proof was needed. Everyone but the... — read more
There was a post about tracking who visits this site at work. It was deleted. Why? Who has that kind of power?
It seems to me that the CEO has just about run out of things to try get our stock price closer to that of our peers and nothing has worked. Although they’re a good thing, the employee initiatives has saved nowhere near as much money as... — read more
Do you happen to have any updates regarding the forthcoming round of layoffs? I've been actively seeking another job and would greatly appreciate having a clearer timeline to strategize around. Haven't been sleeping well since the recent Finance... — read more
Has anyone else heard about the company wide walk-off (stay at home and don't work) that is being discussed for September 11th? I understand the idea is to peacefully protest the heartless abuse of P66 employees, misuse of company resources to... — read more
I read a report that says the CFO of P66 recently sold ~30,000 shares of the company. Why would he do this if he believes that business transformation is going drive the stock price much higher? Maybe he wants to buy or build a new house in Spain.
Just read up on the recent round of layoffs – quite the shocker. Funny timing, I've just received an offer for a job in Houston. I'm feeling a bit unsure about taking the plunge. This forum has been buzzing with discussions about the whole business... — read more
Anyone else hear rumblings about something big on the 15th?? Looks like lots of private meetings in Bartlesville that day.
As a cost cutting measure, it appears P66 has been shedding its most valuable asset, its loyal employees. Yet after the McKenzie sla-ghterhouse, and now a new consultant to review the old consultant, it seems the company is still funding Stony Island... — read more