Thread regarding Phillips 66 layoffs

The Borger Refinery

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.

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| 1461 views | | 6 replies (last November 16)
Post ID: @OP+1oVDovNj

6 replies (most recent on top)

I don’t know what they’re doing but the flare is very big this afternoon.
Come to think of it, they don’t know what they’re doing either.

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Post ID: @Hfvy+1oVDovNj

Did Borger have a layoff in the last week or 2?

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Post ID: @voxu+1oVDovNj

Someone took the turnaround's oil-out date too literally. This is days after the recordable injury at the Borger plant.

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Post ID: @jyya+1oVDovNj

Yes, I recently sold out of all my PSX stock as well, that had been accumulating since before the split. It's better invested elsewhere. Oil and gas will be needed for at least 25 more years, but many analyst are speculating this industry has already hit peak. Besides, while other Energy companies are investing in alternative energy souces, this company has doubled down on more of the same (renewable diesel doesnt count and is a stop-gap) You dont want to be an investor when the long, slow decline in company valuation takes hold.

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Post ID: @8umc+1oVDovNj

They're not even making 5 cents a barrel more. The cost per barrel is actually going up because of unplanned outages and unit upsets. Not to mention none of the work that BT was going to eliminate has actually gone away, it has only been redistributed among fewer employees. It's just a classic do more with less plan. We sure as he-l haven't "changed the way we work"!! Whatever that slogan means. It seems they would have come up with something a little snappier.

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Post ID: @1xfe+1oVDovNj

P66 backing off from our historical commitment to safety and reliability is the whole reason I sold all my psx besides what's still bound up in RSUs and am applying to outside positions. Cost savings and shareholder returns are all well and good, but what do you think the shareholders are going to think when we burn a refinery down because we could make an extra five cents a barrel by "managing risk"?

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Post ID: @1acl+1oVDovNj

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