Phillips 66 operates as an energy manufacturing and logistics company in the United States, the United Kingdom, Germany, and internationally. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels. This segment also manufactures and markets specialty products, such as base oils and lubricants. Phillips 66 was founded in 1875 and is headquartered in Houston, Texas.
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Phillips 66 has announced the layoff of 277 workers as it winds down operations at its Los Angeles refinery. This decision comes as part of the company's strategy to reduce its refining capacity in response to changing market conditions. The layoffs reflect the ongoing adjustments within the oil industry, where companies are adapting to shifts in demand and regulatory pressures. The affected employees will be part of the workforce reduction as the refinery ceases operations, marking a significant change for the local workforce.
Phillips 66 has announced plans to begin layoffs at its Los Angeles refinery in December as part of its closure strategy for the facility. The decision comes amid ongoing efforts to restructure operations and respond to market conditions. While the exact number of employees affected has not been disclosed, the company is preparing for significant workforce reductions as it moves towards shutting down the refinery. This action reflects broader trends in the industry as companies adapt to changing economic circumstances and operational challenges.
Phillips 66 is set to begin layoffs at its Los Angeles refinery in December, as reported by sources. The exact number of employees affected has not been disclosed, but the layoffs are part of a broader adjustment within the company. This decision comes amid ongoing challenges in the refining sector, which has prompted Phillips 66 to reevaluate its workforce needs. The planned layoffs reflect the company's strategy to optimize operations and respond to market conditions. Further details regarding the specific number of positions to be eliminated are expected as the date approaches.
Phillips 66 has announced layoffs affecting 122 employees at its Los Angeles refinery. This decision is part of a broader wave of job cuts aimed at streamlining operations and addressing economic challenges. The layoffs are expected to take effect immediately, impacting various roles within the facility. The company has not specified the exact reasons for these cuts but indicated that they are part of ongoing adjustments to improve efficiency. This move reflects the current state of the refining industry, which has been facing significant pressures recently.
Phillips 66 has officially shut down California's last refinery, resulting in the layoff of approximately 300 employees. This decision marks a significant shift in the company's operations as it closes the facility, which has been a critical part of the local economy. The layoffs are part of a broader trend in the industry, but the specific impact on Phillips 66's workforce is notable. The closure reflects ongoing challenges in the refining sector and the company's strategic adjustments in response to market conditions.
Phillips 66 has announced the layoff of 277 workers as it winds down operations at its Los Angeles refinery. This decision comes as part of the company's strategy to reduce its refining capacity in response to changing market conditions. The layoffs are effective immediately, impacting a significant portion of the workforce at the facility. Phillips 66's move reflects broader trends in the energy sector, where companies are adjusting to fluctuating demand and regulatory pressures. The refinery's closure is expected to have lasting effects on the local economy and the employees affected.
Phillips 66 has announced that layoffs at its Los Angeles refinery are set to begin in December 2023. The company has not specified the number of employees affected by these upcoming job cuts. This decision comes as part of a broader strategy to adjust operations at the facility. The refinery has faced challenges that have prompted the need for workforce reductions. Further details regarding the specific reasons for the layoffs and the total number of positions eliminated have yet to be disclosed.
Phillips 66 has announced that layoffs at its Los Angeles refinery will commence in December 2023. The company has not specified the number of employees affected by these upcoming layoffs. This decision is part of a broader restructuring effort as the company adjusts its operations. The layoffs are expected to impact the refinery's workforce, although further details regarding the exact number of positions to be eliminated have not been disclosed. The planned layoffs reflect ongoing changes within the company as it navigates market conditions.
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