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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. -
PORT ARTHUR, TEXAS: the End of the Line for an Economic Myth
PORT ARTHUR, TEXAS: The End of the Line for an Economic Myth August 2017 ACKNOWLEDGEMENTS This report was researched and written by Mary Greene and Keene Kelderman of the Environmental Integrity Project. THE ENVIRONMENTAL INTEGRITY PROJECT The Environmental Integrity Project (http://www.environmentalintegrity.org) is a nonpartisan, nonprofit organization established in March of 2002 by former EPA enforcement attorneys to advocate for effective enforcement of environmental laws. EIP has three goals: 1) to provide objective analyses of how the failure to enforce or implement environmental laws increases pollution and affects public health; 2) to hold federal and state agencies, as well as individual corporations, accountable for failing to enforce or comply with environmental laws; and 3) to help local communities obtain the protection of environmental laws. For questions about this report, please contact EIP Director of Communications Tom Pelton at (202) 888-2703 or [email protected]. PHOTO CREDITS Cover photo by Garth Lenz of Port Arthur. Executive Summary The Trump Administration’s approval of the Keystone XL Pipeline will lead to a surge in demand for oil refining at the southern end of the line, in Port Arthur, Texas – and a real test for claims that the administration’s promotion of fossil fuel industries will create jobs. The industrial port of 55,000 people on the Gulf of Mexico has been the home of America’s largest concentration of oil refineries for decades, and business has been booming. But history has shown little connection between the profitability of the petrochemical industries that dominate Port Arthur and the employment or health of the local people who live in this city of increasingly abandoned buildings and empty lots. -
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 -
Exxonmobil Refinery Proposed Expansion: Operational Review and Neighborhood Demographic Profile
ExxonMobil Refinery Proposed Expansion: Operational Review and Neighborhood Demographic Profile Louisiana Democracy Project asked EBIC to examine the environmental track record of ExxonMobil’s Baton Rouge Refinery and also provide a demographic analysis of the neighborhoods within 2 miles of the Refinery. The ExxonMobil Refinery, previously knows as the Exxon Refinery, is located at 4045 Scenic Hwy. in Baton Rouge, LA. It borders the Mississippi River to the West and a densely populated neighborhood to the East with additional refineries extending to the north from its property boundary. The facility itself borders another Exxon Chemicals America plant (4999 Scenic Hwy.) which is also a significant source of toxic environmental releases, workplace hazards and regulatory problems. ExxonMobil is seeking a permit to expand its air pollution emissions at the Baton Rouge refinery. The company has claimed that even though the plant will produce more emissions, its overall operational effect on the environment would be make the air cleaner by producing a fuel that would lower automobile emissions. ExxonMobil is seeking permits to increase air pollution emissions at its Baton Rouge refinery. But, the company says the cleaner gasoline created by the project will mean fewer emissions from cars. The refinery wants to make changes so it can produce cleaner, low-sulfur gas as ordered by U.S. Environmental Protection Agency rules for 2004 model year cars and trucks. The new gasoline will mean that each year, vehicles in Baton Rouge's five-parish area will produce 2,238 fewer tons of nitrogen oxides and 842 fewer tons of volatile organic compounds. -
Clean Air Act (CAA) Watch List
Facilities on the Active May 2012 CAA Watch List The list of facilities below composes OECA's May 2012 Clean Air Act (CAA) Watch List. EPA maintains a "Watch List" to facilitate dialogue between EPA, state and local agencies on enforcement matters relating to facilities with alleged violations identified as either significant or high priority. Being on the Watch List may not mean that the facility has actually violated the law only that an evaluation or investigation by EPA or a state or local environmental agency has led those organizations to allege that an unproven violation has in fact occurred. The Watch List does not identify which alleged violations of environmental laws may pose the greatest risk to public health or the environment. It is an automated report based on data from the Air Facility System (AFS), which is used by federal, state and local agencies to track environmental enforcement and compliance information. Agencies input information into AFS, including information about violations that are identified as high priority violations (HPVs). Some facilities may appear on the Watch List due to data errors, which typically are identified and addressed during the EPA-state-local dialogue. EPA expects the government agency with jurisdiction over a facility with an HPV to initiate an appropriate enforcement response, in a timely manner, and input the action into AFS. Some facilities on the list are the subject of existing orders, are actively participating in negotiations with regulators, or are the subject of an investigation. While progress is being made toward resolving the violations, further activities may be required to achieve compliance. -
Western Refining
DEAR STOCKHOLDERS 2007 2007 was a year of tremendous change for our company With these new or revised agreements in place, we and our industry. I believe that in the future, when estimate that we will experience savings of at least we look back, 2007 will be viewed as a pivotal and $75 million per year in the cost of raw materials. ANNUAL critical time of strategic growth for Western Refining. Overall, the growth of Western and the integration of With that growth came significant expectations and the Giant assets are proceeding as planned. As a demands and I am confident that we have met, or result of the acquisition of Giant Industries, we have will soon meet, the vast majority of those challenges. REPORT become national in scope. We have become a whole- Our company had net earnings of $238.6 million in sale and a retail company, and we have grown from a 2007, compared to net earnings of $204.8 million company with approximately 350 employees to one in 2006. I am proud to report that this is a new of almost 4,000. Integrating business cultures is record high in annual earnings, and the second never easy, but we believe the people and operations consecutive year that Western has set earnings of these two companies have made significant strides records. The 2007 increase in earnings was primarily in becoming one great company. We see the progress the result of higher refinery gross margins and of this every day. While we realize there are still goals increased refinery throughput in El Paso. -
Safety Bulletin • Exxonmobil • Baton Rouge, Louisiana
Key Lessons from the ExxonMobil Baton Rouge Refinery Isobutane Release and Fire SUMMARY OF KEY LESSONS: Incident Date: November 22, 2016 Companies should: 4 Workers Injured • Evaluate human factors associated with No. 2016-02-I-LA equipment design and apply the hierarchy of controls to mitigate identified hazards. • Establish detailed and accurate written procedures and provide training to ensure workers can perform all anticipated job tasks safely. CSB • Safety Bulletin • ExxonMobil • Baton Rouge, Louisiana The U.S. Chemical Safety and Hazard Investigation Board (CSB) is an independent Federal agency whose mission is to drive chemical safety change through independent investigations to protect people and the environment. The CSB is a scientific investigative organization; it is not an enforcement or regulatory body. Established by the Clean Air Act Amendments of 1990, the CSB is responsible for determining accident causes, issuing safety recommendations, studying chemical safety issues, and evaluating the effectiveness of other government agencies involved in chemical safety. More information about the CSB is available at www.csb.gov. The CSB makes public its actions and decisions through investigative publications, all of which may include safety recommendations when appropriate. Examples of the types of publications include: CSB Investigation Reports: formal, detailed reports on significant chemical accidents and include key findings, root causes, and safety recommendations. CSB Investigation Digests: plain-language summaries of Investigation Reports. CSB Case Studies: examines fewer issues than a full investigative report, case studies present investigative information from specific accidents and include a discussion of relevant prevention practices. CSB Safety Bulletins: short, general-interest publications that provide new or timely information intended to facilitate the prevention of chemical accidents. -
Guide to the American Petroleum Institute Photograph and Film Collection, 1860S-1980S
Guide to the American Petroleum Institute Photograph and Film Collection, 1860s-1980s NMAH.AC.0711 Bob Ageton (volunteer) and Kelly Gaberlavage (intern), August 2004 and May 2006; supervised by Alison L. Oswald, archivist. August 2004 and May 2006 Archives Center, National Museum of American History P.O. Box 37012 Suite 1100, MRC 601 Washington, D.C. 20013-7012 [email protected] http://americanhistory.si.edu/archives Table of Contents Collection Overview ........................................................................................................ 1 Administrative Information .............................................................................................. 1 Arrangement..................................................................................................................... 3 Biographical / Historical.................................................................................................... 2 Scope and Contents........................................................................................................ 2 Names and Subjects ...................................................................................................... 4 Container Listing ............................................................................................................. 6 Series 1: Historical Photographs, 1850s-1950s....................................................... 6 Series 2: Modern Photographs, 1960s-1980s........................................................ 75 Series 3: Miscellaneous -
Poncan Theatre
A Directory of Cultural Sites and Museums in Ponca City , Oklahoma Purpose of Directory Guidebook A tour guide or docent is usually available for assistance. Th is person is knowledgeable Th is “Adventures in History & Heritage” directory guidebook is intended to be a about the museums and collections. Listen and respect them and follow their lead. resource for teachers and citizens. It represents each cultural and/or historic site in Th ey have a wealth of knowledge to share. the Ponca City area and contains information to assist those interested in planning Show respect for the valuable artifacts and treasured items in a museum or a cultural educational visits. We hope you will fi nd the content informative and useful in site. Most items could not be replaced if destroyed. A “hands off ” policy is best when scheduling fi eld trips, group tours or individual visits. Enjoy the adventure and what touring. can be discovered along the way. At the end of the visit, be sure to show your appreciation and thank your guide. Why Cultural Heritage Field Trips are important… Table of Contents • Th ey help others discover the history and roots of a community. City Hall, Centennial Plaza, and Historic Downtown . 4 • Th ey create community awareness. Conoco Museum. 6 • Th ey enhance community pride. Marland Estate Mansion. 8 • Th ey encourage community involvement. Marland’s Grand Home.. 10 • Th ey generate partnerships between local schools, cultural heritage sites, Pioneer Woman Museum. 12 students and citizens. Ponca City Art Center. 14 Ponca City Library Matzene Art Collection. 16 Poncan Th eatre. -
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. -
Breakdowns in Air Quality Air Pollution from Industrial Malfunctions and Maintenance in Texas
Breakdowns in Air Quality Air Pollution from Industrial Malfunctions and Maintenance in Texas APRIL 27, 2016 ACKNOWLEDGEMENTS Written and researched by Ilan Levin and Kira Burkhart of the Environmental Integrity Project, and Luke Metzger and Sara Smith of Environment Texas. THE ENVIRONMENTAL INTEGRITY PROJECT The Environmental Integrity Project (http://www.environmentalintegrity.org) is a nonpartisan, nonprofit organization established in March of 2002 by former EPA enforcement attorneys to advocate for effective enforcement of environmental laws. EIP has three goals: 1) to provide objective analyses of how the failure to enforce or implement environmental laws increases pollution and affects public health; 2) to hold federal and state agencies, as well as individual corporations, accountable for failing to enforce or comply with environmental laws; and 3) to help local communities obtain the protection of environmental laws. ENVIRONMENT TEXAS Environment Texas Research & Policy Center is a statewide advocacy organization bringing people together for a cleaner, greener, healthier future.www.EnvironmentTexasCenter.org For questions about this report, please contact Ilan Levin, Director of EIP’s Texas office, at (512) 637-9479 or [email protected] PHOTO CREDITS Tom Pelton/ Environmental Integrity Project. Cover photo: East of Houston Texas, near the Shell Oil Deer Park plant. Page 13 photo by Blas Espinosa. CORRECTIONS Corrections were made in this report on May 10, 2016 updating the current owner of the Flint Hills Chemical Plant in Port Arthur (Jefferson County) to Koch/Flint Hills Resources and the owner of Port Arthur Refinery in Port Arthur (Jefferson County) to Motiva Enterprises, LLC. Breakdowns in Air Quality Executive Summary Texas leads the nation in energy production.