Phillips 66 engages in refining, transportation, and marketing of fuels and lubricants, with operations spanning across various regions. The company also invests in renewable energy technology and storage solutions.
1917
United States
10,001+ employees
Oil & Energy
$10B+ in revenue
$1B - 10B in profitability
Beyond Top 1000
Beyond Top 100
Beyond Top 100
Beyond Top 100
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Carbon emissions
Electricity consumption
Carbon certificate projects
Targets
Other sustainability metrics
Sustainability
Report
Industry rank: Beyond Top 100
Total CO2 emissions
(CO2e tons)
Industry rank: Beyond Top 100
Company actuals (net of offset)
Industry Benchmark
(adj. for company revenues)
Target | Year | Value | Scope | Baseline |
---|---|---|---|---|
Interim emissions reductionⓈCompany sustainability report | 2030 | 30% | 1&2 (operated assets) | 2019 |
Interim emissions reductionⓈCompany sustainability report | 2030 | 15% | 3 (products manufactured and sold) | 2019 |
Phillips 66 has integrated GHG intensity metrics into its project approval process and has achieved a 7% reduction in Scope 1 and 2 emissions intensity and a 15% reduction in Scope 3 emissions intensity from 2019 levels as of 2023. They have set targets for a 30% reduction by 2030 and a 50% reduction by 2050 for Scope 1 and 2 emissions, and a 17% reduction by 2030 for Scope 3 emissions. Progress has been made through portfolio changes, enhanced refining utilization, energy use optimization, and renewable fuels blending.
Category | Description | Metric | Year | ||
---|---|---|---|---|---|
Water | Total Consumption | m3 | |||
Total Withdrawal | m3 | ||||
Social | Share of female employees | % |
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