The Ethyl Controversy
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2019 Annual Report Are Commission-Free
Table of Contents 1 Letter to Our Shareholders 4 Financial Highlights 6 Our Businesses Midstream Chemicals Refining Marketing and Specialties 7 Our Value Chain 8 Our Strategy Operating Excellence Growth Returns Distributions High-Performing Organization 28 Board of Directors 30 Executive Leadership Team 31 Non-GAAP Reconciliations 32 Form 10-K | ON THE COVER AND TABLE OF CONTENTS Lake Charles Refinery WESTLAKE, LA In 2019, Lake Charles Manufacturing Complex achieved a sustained safety record of more than 55 months, equivalent to 7.5 million safe work hours. 2019 PHILLIPS 66 ANNUAL REPORT 1 To Our Shareholders We have the right strategy in place to create shareholder value, and our employees are executing it well. Phillips 66 achieved 34% total shareholder return during 2019, which exceeded our peer group average and the S&P 100. In 2019, we delivered earnings of $3.1 billion and earnings per share of $6.77. Adjusted earnings were $3.7 billion or $8.05 per share. During the year, we generated $4.8 billion of operating cash flow. We reinvested $3.9 billionback into the business and returned $3.2 billion of capital to shareholders through dividends and share repurchases. We increased our quarterly dividend 12.5% and announced a $3 billion increase to our share repurchase program. Since our formation, we have returned $26 billion to shareholders through dividends, share repurchases and exchanges, reducing our initial shares outstanding by 33%. Operating excellence is our No. 1 priority and core to everything we do. Our goal is zero incidents, zero accidents and zero injuries. We believe this is attainable, and we strive for it daily. -
2020 Fact Book 2 Our Businesses Our Strategy Midstream Chemicals Refining Marketing and Specialties Energy Research & Innovation Global Asset Map General Information
Cover Photo: Taft Storage Facility at Gray Oak Pipeline TAFT, TX Contents 3 4 5 OUR BUSINESSES OUR STRATEGY MIDSTREAM Ferndale Ferndale Rail Terminal* Renton North Spokane Tacoma (MT) Yellowstone Cut Bank Moses Lake Thompson 17Falls Rail 24 14 Spokane Terminal Palermo* UROPE DLE EA Portland D Great Falls E I ST Portland (MT) Missoula Rail Terminal M Yello Glacier Sacagawea* Missoula wsto Helena Roundup Keene CDP* ne Billings Crude* Bozeman Billings Billings Humber SPCo & S-Chem ooth Sheridan* Semino Bakk Beart en Bayway MiRO CHEMICALS REFINING * MARKETING AND SPECIALTIES Bighorn e* Linden* Q-Chem I & II Casper* Tremley Pt. (MT)* * Po Rock Springs wd Bayway Rail eminoe er Ri Terminal* S Harbor Red Line Oil North Salt Lake Pioneer ve Des Moines s r Sacramento Rockies Expr Hartford Lincoln ess Line 20 ess Richmond (MT) Rockies Expr San Francisco Denver Borg Conway Kansas City* Po 0 Rockies Expres to Wichita wd Paola er-Den Gold Line* Wood River er Riv Wichita N.* Products* HeartlandPaola* Blue Line 0 Wichita S.* E. St. ver Jeerson City* Junction er Louis* Southern Hills* m Cherokee North* r*Hartford* Line 30 re Line 40 ol Standish* La Junta * h Ponca City* Explo his Ponca City ld Line C Crude* Go 0 Los Angeles Medford* eeMount Vernon* ok t Los Angeles Borger CherEas Torrance Cherokee Colton Borger to Amarillo* Blue LineSouth* Glenpool* Ponca Selmer Line O* * CushPo* Albuquerque* K PL Sk AC ATA Line* elly ST Cushing City SA Oklahoma City* Amarillo* -Belvieu Los Angeles AL Borger Oklahoma Crude* * Explor Wichita Falls* Lubbock* Savannah North -
October 2004
HOME Site Search ABOUT US NEWS EVENTS CROSS CORE CUTTING RESEARCH EDUCATION ACTION DISCIPLINES THEMES Inside The Earth Institute a monthly e-newsletter October 2004 Message from Jeff Sachs In the News The Columbia Spectator, October 1, 2004 This fall, the Earth Institute is supporting two new graduate programs: a Masters of Arts in Climate and Society, developed primarily by the International Research Institute for Climate Prediction, and a Ph.D. in Sustainable Development, which will be the first doctoral degree granted by the School of International and Public Affairs. The Discovery Channel, September 27, 2004 Real Video (8:10) Edward Cook, a paleoclimatologist from the Lamont-Doherty Earth Observatory, was quoted in this Quicktime Video (8:10) article on research that Lewis and Clark's expedition succeeded in part through favorable climate conditions. The causes and costs of extreme poverty were Earth Institute Receives $4.2 Million discussed by Jeff Sachs and colleagues in a recent Medical News Today, September 21, 2004 Grant to Break Down Barriers and paper published by the Brookings Institute. In his The work of Awash Teklehaimonot, a health expert at e-newsletter video, Jeff stresses the need to use the the Earth Institute, supports the accelerated expansion Increase the Ranks of Women in Earth results of this paper to inform ways to help Africa out of of the health system in Ethiopia. Sciences and Engineering its poverty trap. download Brookings paper The National Science Foundation (NSF) has awarded the The Columbia Spectator, -
NJS: an Interdisciplinary Journal Summer 2017 27
NJS: An Interdisciplinary Journal Summer 2017 27 NJS Presents A Special Feature New Jersey and the Great War: Part I By Dr. Richard J. Connors DOI: http://dx.doi.org/10.14713/njs.v3i2.83 As April 2017 marked the 100th anniversary of America’s entry into World War I, this edition of NJS has several related offerings. These include this special feature, an adapted version of the first half of Dr. Richard J. Connors’ new book, New Jersey and the Great War (Dorrance, 2017). We will publish the second half in our Winter 2018 issue. Those who can’t wait, or who want to see the unedited text (to include endnotes, illustrations, and tables) can always purchase the book online! We are most grateful to Dr. Connors for allowing us to share his insightful and comprehensive work in this way, and hope you will help us ensure the widest possible dissemination by sharing the very timely piece with your colleagues, students, family, and friends. Preface When my generation were youngsters, “the war” was the Great War, now known as World War I. On Memorial Day we bought artificial flowers in remembrance of the veterans lying in European cemeteries “where poppies grow between the crosses, row on row.” On Armistice Day, November 11, we went to our local cemeteries to honor departed neighbors, especially those whose bodies were re-interred from France. At the movies, rarely air-conditioned, for a ten cent admission we watched Lew Ayres in All Quiet on the Western Front, or Errol Flynn in Dawn Patrol, plus the latest Buck Rogers serial. -
Refinery Database 7.1.08
Status of Refinery Air Permitting Actions for Oil Refineries in the United States (current as of July 1, 2008) Current Permit Capacity Dates & Deadlines Writer or Permitting Authority Application / Draft or Proposed (barrels Action (if (Comments, hearings, Project Description (and purpose - Other State Refinery (the state agency, unless Permits / Other Documents (if Project Status per any) meetings, etc.) e.g. , "tar sands" - if known) Specific otherwise noted) available) calendar Contact (if day) known) General Authority for AL: Alabama Dept. of Environmental Management 1400 Coliseum Blvd Montgomery, Alabama Alabama 36110-2059 ph:(334) 271- 7899 http://www.adem.state.al.us/AirDivisi on/AirDivisionPP.htm . Goodway Refining LLC (Atmore) 4,100 Gulf Atlantic Operations LLC 16,700 (IDLE) (Mobile) Hunt Refining Co (Tuscaloosa) 34,500 Shell Chem LP (Saraland) 80,000 Alaska Department of Environmental Conservation, Air Permit Program, Alaska 410 Willoughby Ave., Suite 303, P.O. Box 111800, Juneau, AK 99811-1800 http://www.dec.state.ak.us/ . BP Exploration Alaska Inc 12,500 (Prudhoe Bay) ConocoPhillips Alaska Inc 15,000 (Kuparuk) Flint Hills Resources Alaska LLC 210,000 (North Pole) Pedro Star Inc (North Pole) 17,500 Pedro Star Inc (Valdez) 48,000 Tesoro Alaska Petroleum Co 72,000 (Kenai) Status of Refinery Air Permitting Actions for Oil Refineries in the United States (current as of July 1, 2008) Trevor Baggiore Permits Section Manager Arizona Department of Environmental Quality Phoenix Main Office Arizona 1110 W. Washington St. Phoenix, AZ 85007 ph: (602) 771- 2321 http://www.azdeq.gov/function/permit s/index.html . Final Title V / PSD permit issued Sept. -
Oil Comparables Weekly 06/21/19
June 21, 2019 Oil Comparables Weekly 06/21/19 Stratas Advisors Weekly Data Weekly Changes 5 Year Average this Report Week Prior Week Yr Ago Week Week Δ W-o-W Δ Y-o-Y Δ W-o-5YA Stocks (Million Barrels) 6/14/2019 6/7/2019 6/15/2018 2014-2018 Total U.S. Crude Oil 482.36 485.47 426.53 444.60 -3.11 55.84 37.77 Gasoline 233.22 234.91 240.04 230.33 -1.69 -6.82 2.89 Distillate 127.82 128.37 117.41 135.18 -0.55 10.41 -7.36 Big 3 843.41 848.76 783.98 810.10 -5.35 59.43 33.30 Total Petroleum 1,295.16 1,295.38 1,186.52 1,219.44 -0.22 108.65 75.72 Cushing Crude 53.58 52.94 32.61 47.62 0.64 20.98 5.96 Crude Supply (Million Barrels per Day) Field Production 12.20 12.30 10.90 9.40 -0.10 1.30 2.80 Canadian Crude Imports 3.69 3.68 3.57 3.00 0.01 0.12 0.69 Total Crude Imports 7.47 7.61 8.24 7.66 -0.14 -0.78 -0.19 Crude Demand (Million Barrels per Day) Refinery Runs 17.26 17.06 17.70 16.60 0.20 -0.44 0.66 Exports 3.422 3.122 2.374 0.834 0.30 1.05 2.59 Baker Hughes US Active Rotary Rig Counts Oil 789 788 862 824 1 -73 -35 Gas 177 181 188 199 -4 -11 -22 Total 967 969 1,052 1,025 -2 -85 -58 Closing Spot Prices ($/bbl) Today Report Wk Year Ago 5YA 6/21/2019 6/14/2019 6/22/2018 2014-2018 WTI Weekly Close 57.28 52.51 68.98 64.90 4.77 -11.70 -7.62 BDT Weekly Close 64.83 62.89 75.03 68.52 1.94 -10.20 -3.69 Differential, BDT-WTI Weekly Close 7.55 10.38 6.05 3.62 -2.83 1.50 3.93 WTI Weekly Average 54.70 52.49 66.39 54.21 2.21 -11.69 54.21 BDT Weekly Average 63.13 62.41 74.01 58.72 0.71 -10.89 58.72 Differential, BDT-WTI Weekly Average 8.42 9.92 7.62 4.51 -1.50 0.80 -
Burton Introduces Thermal Cracking for Refining Petroleum John Alfred Heitmann University of Dayton, [email protected]
University of Dayton eCommons History Faculty Publications Department of History 1991 Burton Introduces Thermal Cracking for Refining Petroleum John Alfred Heitmann University of Dayton, [email protected] Follow this and additional works at: https://ecommons.udayton.edu/hst_fac_pub Part of the History Commons eCommons Citation Heitmann, John Alfred, "Burton Introduces Thermal Cracking for Refining Petroleum" (1991). History Faculty Publications. 92. https://ecommons.udayton.edu/hst_fac_pub/92 This Encyclopedia Entry is brought to you for free and open access by the Department of History at eCommons. It has been accepted for inclusion in History Faculty Publications by an authorized administrator of eCommons. For more information, please contact [email protected], [email protected]. 573 BURTON INTRODUCES THERMAL CRACKING FOR REFINING PETROLEUM Category of event: Chemistry Time: January, 1913 Locale: Whiting, Indiana Employing high temperatures and pressures, Burton developed a large-scale chem ical cracking process, thus pioneering a method that met the need for more fuel Principal personages: WILLIAM MERRIAM BURTON (1865-1954), a chemist who developed a commercial method to convert high boiling petroleum fractions to gas oline by "cracking" large organic molecules into more useful and marketable smaller units ROBERT E. HUMPHREYS, a chemist who collaborated with Burton WILLIAM F. RODGERS, a chemist who collaborated with Burton EUGENE HOUDRY, an industrial scientist who developed a procedure us ing catalysts to speed the conversion process, which resulted in high octane gasoline Summary of Event In January, 1913, William Merriam Burton saw the first battery of twelve stills used in the thermal cracking of petroleum products go into operation at Standard Oil of Indiana's Whiting refinery. -
Acute Tetraethyllead Poisoning
Arch. Toxikol. 24, 283--291 (1969) Acute Tetraethyllead Poisoning M. STASIK, Z. BYCZKOWSKA, S. SZENDZIKOWSKI,and Z. FIEDOttCZUK Clinical and Pathomorphological Department, Institute of Occupational Medicine, L6@, Poland, Department of Forensic Medicine, Medical Academy, L6dA l%eceived September 16, 1968 Summary. Four cases of accidental poisoning with tetraethyllead are described. Three out of four of the patients died. In the first case, pure ethyl fluid was accidentally ingested. Dominating the clinical picture of this patient were signs of greatly elevated intracranial pressure. Three other persons were poisoned as a group. They unknowingly inhaled tetra- ethyllead contained in a paint solvent they used. In these three cases, the intoxication manifested itself predominantly as a mental disorder suggestive of schizophrenia. Gross and microscopic changes observed in the fatal cases gave evidence of a capillary vascular lesion, particularly involving the vessels of the CNS. Liver damage and less severe damage to the heart muscle and kidney parenchyma were also noted. The distribution as well as the extent of the above mentioned lesions correlate approximately with the distribution and concentration of triethyllead in the various internal organs. Key- Words: Tetraethyllead -- Mental Disorder -- Damage to Parenchymatous Organs. Zusammen/assung. Die Verfasser berichten fiber 4 F/ille, yon denen 3 tSdlich waren, zuf~lliger Vergiftungen durch das sog. Ethylfluid, das Bleitetra~thyl enthElt. Im ersten Fall trat die t6dliche Vergiftung infolge irrtfimlich getrunkenem Ethylfluid auf. Als klinisches Symptom entstand erh6hter intrakranieller Druck. In den drei n~ehsten F~llen besa6 die Vergiftung einen kollektiven Charakter und war durch den Respirationstrakt zustande gekommen; zwei von den Vergifteten sind gestorben. -
Technical Note TN-106 a Guideline for PID Instriment Response
Technical Note TN-106 05/15/VK A GUIDELINE FOR PID INSTRUMENT RESPONSE CORRECTION FACTORS AND IONIZATION ENERGIES* Example 1: RAE Systems PIDs can be used for the detection of a wide variety of With the unit calibrated to read isobutylene equivalents, the reading gases that exhibit different responses. In general, any compound with is 10 ppm with a 10.6 eV lamp. The gas being measured is butyl ionization energy (IE) lower than that of the lamp photons can acetate, which has a correction factor of 2.6. Multiplying 10 by 2.6 be measured.* The best way to calibrate a PID to different compounds gives an adjusted butyl acetate value of 26 ppm. Similarly, if the is to use a standard of the gas of interest. However, correction factors gas being measured were trichloroethylene (CF = 0.54), the adjusted have been determined that enable the user to quantify a large number value with a 10 ppm reading would be 5.4 ppm. of chemicals using only a single calibration gas, typically isobutylene. In our PIDs, correction factors can be used in one of three ways: Example 2: With the unit calibrated to read isobutylene equivalents, the reading 1. Calibrate the monitor with isobutylene in the usual fashion to is 100 ppm with a 10.6 eV lamp. The gas measured is m-xylene read in isobutylene equivalents. Manually multiply the reading (CF = 0.43). After downloading this factor, the unit should read about by the correction factor (CF) to obtain the concentration of 43 ppm when exposed to the same gas, and thus read directly in the gas being measured. -
United States Patent Office Patented Aug
2,849,302 United States Patent Office Patented Aug. 26, 1953 thasaraywarrasants, 2. east one hydrogen atom attached thereto. That is, each of the tertiary halogens is capable of forming hydro 2,849,392 gen halide with a hydrogen atom attached to a different ANTIKNoCK COMPOSITIONS carbon atom which is in a position alpha to the halogen 5 bearing carbon. In this description the term tertiary car Raymond G. Lyben, Detroit, Mich., assigner to Ethy bon atom is defined as a carbon atom which has three Corporation, New York, N. Y., a corporation of Dear other carbon atoms attached thereto by single bonds. Ware Thus, the novel scavenging agents of this invention are No Drawing. Application May 31, 955 certain chlorohydrocarbons, bromohydrocarbons and Seria Rio. 52,284 chlorobromohydrocarbons. The halohydrocarbon scav enging agents of this invention can be derived from al 7 Clains. (C. 44-69) kanes, cycloalkanes, alkenes, cycloalkenes, and hydrocar bon-substituted derivatives thereof. The smallest hydro carbon radical which can provide a scavenger of this in This invention relates to improved antiknock composi s vention contains five carbon atoms; e. g., 1,2-dihalo-1,2- tions. These compositicins encompass antiknock fluids dimethylcyclopropane. In order to provide scavengers and leaded fuels. In particular, this invention relates to having the desirable volatility characteristics with respect a class of hydrocarbons having a particular molecular to the lead antiknock agent, I prefer to employ uniform structure for use as a scavenger with lead antiknock con ly stable scavengers having up to 20 carbon atoms. pounds. Thus, it will be seen that the carbon content of my scav With the discovery of the antiknock effectiveness of or engers ranges from 5 to 20 carbons per molecule. -
Good Chemistry James J
Columbia College Fall 2012 TODAY Good Chemistry James J. Valentini Transitions from Longtime Professor to Dean of the College your Contents columbia connection. COVER STORY FEATURES The perfect midtown location: 40 The Home • Network with Columbia alumni Front • Attend exciting events and programs Ai-jen Poo ’96 gives domes- • Dine with a client tic workers a voice. • Conduct business meetings BY NATHALIE ALONSO ’08 • Take advantage of overnight rooms and so much more. 28 Stand and Deliver Joel Klein ’67’s extraordi- nary career as an attorney, educator and reformer. BY CHRIS BURRELL 18 Good Chemistry James J. Valentini transitions from longtime professor of chemistry to Dean of the College. Meet him in this Q&A with CCT Editor Alex Sachare ’71. 34 The Open Mind of Richard Heffner ’46 APPLY FOR The venerable PBS host MEMBERSHIP TODAY! provides a forum for guests 15 WEST 43 STREET to examine, question and NEW YORK, NY 10036 disagree. TEL: 212.719.0380 BY THOMAS VIncIGUERRA ’85, in residence at The Princeton Club ’86J, ’90 GSAS of New York www.columbiaclub.org COVER: LESLIE JEAN-BART ’76, ’77J; BACK COVER: COLIN SULLIVAN ’11 WITHIN THE FAMILY DEPARTMENTS ALUMNI NEWS Déjà Vu All Over Again or 49 Message from the CCAA President The Start of Something New? Kyra Tirana Barry ’87 on the successful inaugural summer of alumni- ete Mangurian is the 10th head football coach since there, the methods to achieve that goal. The goal will happen if sponsored internships. I came to Columbia as a freshman in 1967. (Yes, we you do the other things along the way.” were “freshmen” then, not “first-years,” and we even Still, there’s no substitute for the goal, what Mangurian calls 50 Bookshelf wore beanies during Orientation — but that’s a story the “W word.” for another time.) Since then, Columbia has compiled “The bottom line is winning,” he said. -
Invention and Innovation in the Petroleum Refining Industry
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: The Rate and Direction of Inventive Activity: Economic and Social Factors Volume Author/Editor: Universities-National Bureau Committee for Economic Research, Committee on Economic Growth of the Social Science Research Council Volume Publisher: Princeton University Press Volume ISBN: 0-87014-304-2 Volume URL: http://www.nber.org/books/univ62-1 Publication Date: 1962 Chapter Title: Invention and Innovation in the Petroleum Refining Industry Chapter Author: John L. Enos Chapter URL: http://www.nber.org/chapters/c2124 Chapter pages in book: (p. 299 - 322) Invention and Innovation in the Petroleum Refining Industry JOHN L. ENOS MASSACHUSETTS INSTITUTE OF TECHNOLOGY AN INNOVATION is the combination of many different activities. Gener- ally an invention is made and recognized, capital is obtained, plant is acquired, managers and workers are hired, markets are developed, and production and distribution take place. As the innovation proceeds the original conception may be altered to make it more amenable to commercial realities. Accomplishing these activities consumes re- sources. At any point in the sequence failure may occur, delaying or even frustrating the innovation. In studying the petroleum refining industry I observed several pro- cessing innovations following one another in time and generating technological progress.' I then sought their origins in terms of the original ideas and the men who conceived them. In this paper I shall discuss the relations between the inventions and the subsequent inno- vations, focusing on the intervals between them, the returns to the inventors and innovators, and the changes in the proportions in which the factors of production in petroleum processing were combined.