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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. -
Annual Review 2014 Incorporating the Annual Report and Accounts of the Institution of Chemical Engineers
ADVANCING CHEMICAL ENGINEERING WORLDWIDE Annual Review 2014 Incorporating the annual report and accounts of the Institution of Chemical Engineers Chemical engineers creating, maintaining and improving quality of life Shining a light on chemical engineering At the start of my presidential year, I made three commitments. First, I stressed the need for chemical engineers to stand up and speak out on behalf of our profession and I pledged to lead from the front. Second, I emphasised the importance of building bridges with other stakeholders on the chemical engineering landscape and I promised to build on Chemical Engineering Matters as a platform for communication, both inside and outside IChemE. Finally, I stressed the need for the Institution to be more active in emphasising to those outside our profession, not least governments, the role of chemical engineering in securing sustainable energy solutions. There have been developments on all fronts. In May, I initiated a daily blog with the intention of shining a light on chemical engineering on all 365 days of my presidency. My chemical engineering good news stories have been read and shared by more than 100,000 readers in 160 countries. I trust that this has provided inspiration and encouragement to chemical engineers everywhere. The partnerships with the South African Institution of Chemical Engineers and the Mary Kay O’Connor Process Safety Center evidence our willingness to collaborate; as does the joint statement on climate change that we signed with the Royal Society of Chemistry in November. Energy and climate change issues constantly feature as the top priority for our members. -
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 -
Long-Term Prospects for Northwest European Refining
LONG-TERM PROSPECTS FOR NORTHWEST EUROPEAN REFINING ASYMMETRIC CHANGE: A LOOMING GOVERNMENT DILEMMA? ROBBERT VAN DEN BERGH MICHIEL NIVARD MAURITS KREIJKES CIEP PAPER 2016 | 01 CIEP is affiliated to the Netherlands Institute of International Relations ‘Clingendael’. CIEP acts as an independent forum for governments, non-governmental organizations, the private sector, media, politicians and all others interested in changes and developments in the energy sector. CIEP organizes lectures, seminars, conferences and roundtable discussions. In addition, CIEP members of staff lecture in a variety of courses and training programmes. CIEP’s research, training and activities focus on two themes: • European energy market developments and policy-making; • Geopolitics of energy policy-making and energy markets CIEP is endorsed by the Dutch Ministry of Economic Affairs, the Dutch Ministry of Foreign Affairs, the Dutch Ministry of Infrastructure and the Environment, BP Europe SE- BP Nederland, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. ('Rabobank'), Delta N.V., ENGIE Energie Nederland N.V., ENGIE E&P Nederland B.V., Eneco Holding N.V., EBN B.V., Essent N.V., Esso Nederland B.V., GasTerra B.V., N.V. Nederlandse Gasunie, Heerema Marine Contractors Nederland B.V., ING Commercial Banking, Nederlandse Aardolie Maatschappij B.V., N.V. NUON Energy, TenneT TSO B.V., Oranje-Nassau Energie B.V., Havenbedrijf Rotterdam N.V., Shell Nederland B.V., TAQA Energy B.V.,Total E&P Nederland B.V., Koninklijke Vopak N.V. and Wintershall Nederland B.V. CIEP Energy -
High Level Framework for Process Safety Management
High level framework for process safety management IMPORTANT: This file is subject to a licence agreement issued by the Energy Institute, London, UK. All rights reserved. It may only be used in accordance with the licence terms and conditions. It must not be forwarded to, or stored or accessed by, any unauthorised user. Enquiries: e: [email protected] t: +44 (0)207 467 7100 HIGH LEVEL FRAMEWORK FOR PROCESS SAFETY MANAGEMENT 1st edition December 2010 Published by ENERGY INSTITUTE, LONDON The Energy Institute is a professional membership body incorporated by Royal Charter 2003 Registered charity number 1097899 IMPORTANT: This file is subject to a licence agreement issued by the Energy Institute, London, UK. All rights reserved. It may only be used in accordance with the licence terms and conditions. It must not be forwarded to, or stored or accessed by, any unauthorised user. Enquiries: e: [email protected] t: +44 (0)207 467 7100 The Energy Institute (EI) is the leading chartered professional membership body supporting individuals and organisations across the energy industry. With a combined membership of over 13 500 individuals and 300 companies in 100 countries, it provides an independent focal point for the energy community and a powerful voice to engage business and industry, government, academia and the public internationally. As a Royal Charter organisation, the EI offers professional recognition and sustains personal career development through the accreditation and delivery of training courses, conferences and publications and networking opportunities. It also runs a highly valued technical work programme, comprising original independent research and investigations, and the provision of EI technical publications to provide the international industry with information and guidance on key current and future issues. -
Good Plant Design and Operation for Onshore Carbon Capture Installations and Onshore Pipelines
Good plant design and operation for onshore carbon capture installations and onshore pipelines Registered Charity Number 1097899 GOOD PLANT DESIGN AND OPERATION FOR ONSHORE CARBON CAPTURE INSTALLATIONS AND ONSHORE PIPELINES A Recommended Practice Guidance Document First edition September 2010 Published by ENERGY INSTITUTE, LONDON The Energy Institute is a professional membership body incorporated by Royal Charter 2003 Registered charity number 1097899 The Energy Institute (EI) is the leading chartered professional membership body supporting individuals and organisations across the energy industry. With a combined membership of over 13 500 individuals and 300 companies in 100 countries, it provides an independent focal point for the energy community and a powerful voice to engage business and industry, government, academia and the public internationally. As a Royal Charter organisation, the EI offers professional recognition and sustains personal career development through the accreditation and delivery of training courses, conferences and publications and networking opportunities. It also runs a highly valued technical work programme, comprising original independent research and investigations, and the provision of EI technical publications to provide the international industry with information and guidance on key current and future issues. The EI promotes the safe, environmentally responsible and efficient supply and use of energy in all its forms and applications. In fulfilling this purpose the EI addresses the depth and breadth of energy and the energy system, from upstream and downstream hydrocarbons and other primary fuels and renewables, to power generation, transmission and distribution to sustainable development, demand side management and energy efficiency. Offering learning and networking opportunities to support career development, the EI provides a home to all those working in energy, and a scientific and technical reservoir of knowledge for industry. -
The DA GHGI Improvement Programme 2009-2010 Industry Sector Task
The DA GHGI Improvement Programme 2009-2010 Industry Sector Task DECC, The Scottish Government, The Welsh Assembly Government and the Northern Ireland Department of the Environment AEAT/ENV/R/2990_3 Issue 1 May 2010 DA GHGI Improvements 2009-2010: Industry Task Restricted – Commercial AEAT/ENV/R/2990_3 Title The DA GHGI Improvement Programme 2009-2010: Industry Sector Task Customer DECC, The Scottish Government, The Welsh Assembly Government and the Northern Ireland Department of the Environment Customer reference NAEI Framework Agreement/DA GHGI Improvement Programme Confidentiality, Crown Copyright copyright and reproduction File reference 45322/2008/CD6774/GT Reference number AEAT/ENV/R/2990_3 /Issue 1 AEA Group 329 Harwell Didcot Oxfordshire OX11 0QJ Tel.: 0870 190 6584 AEA is a business name of AEA Technology plc AEA is certificated to ISO9001 and ISO14001 Authors Name Stuart Sneddon and Glen Thistlethwaite Approved by Name Neil Passant Signature Date 20th May 2010 ii AEA Restricted – Commercial DA GHGI Improvements 2009-2010: Industry Task AEAT/ENV/R/2990_3 Executive Summary This research has been commissioned under the UK and DA GHG inventory improvement programme, and aims to research emissions data for a group of source sectors and specific sites where uncertainties have been identified in the scope and accuracy of available source data. Primarily this research aims to review site-specific data and regulatory information, to resolve differences between GHG data reported across different emission reporting mechanisms. The research has comprised: 1) Data review from different reporting mechanisms (IPPC, EU ETS and EEMS) to identify priority sites (primarily oil & gas terminals, refineries and petrochemicals), i.e. -
Energy & Carbon Summary
2021 Energy & Carbon Summary PLEASE SEE OPTIONS FOR COVER PHOTO PHOTO FOR POSITION ONLY Text and Page #s need to be 2 | 2021 Energy & Carbon Summary updated P&GA Table of Contents 5 11 33 39 3 EXECUTIVE SUMMARY 11 STRATEGY 33 METRICS & TARGETS 39 RISK MANAGEMENT 12 Energy supply and demand trends 22 Developing and deploying scalable 34 Progressing further greenhouse 40 ExxonMobil's approach to 22 Developing and deploying technology solutions gas reductions; meeting 2020 goals risk management scalable technology solutions 5 GOVERNANCE 14 Considering 2oC scenarios 30 Proactively engaging on 38 Greenhouse gas emissions 30 Proactively engaging on 6 Climate change risk 16 Signposts for the evolving climate-related policy performance data climate-related policy oversight energy landscape 31 Providing products to help ADDITIONAL INFORMATION 7 Coordination and support of 17 Potential impact on proved Providing products to help customers reduce their emissions 43 Scope 3 emissions 31 customers reduce their board committees reserves and resources emissions 32 Mitigating emissions in Company 44 Frequently asked questions 9 Board composition and 20 Positioning for a lower-carbon operations 32 Mitigating emissions in evaluation energy future 49 TCFD mapping Company operations 50 Disclosures 51 Footnotes Statements of future events or conditions in this report, including projections, plans to reduce emissions and emissions intensity, sensitivity analyses, expectations, estimates, the development of future technologies, and business plans, are forward- -
A Yorkshire/Humber/Teesside Cluster
Delivering Cost Effective CCS in the 2020s – a Yorkshire/Humber/Teesside Cluster A CHATHAM HOUSE RULE MEETING REPORT July 2016 A CHATHAM HOUSE RULE MEETING REPORT Delivering Cost Effective CCS in the 2020s – Yorkshire/Humber/Teesside Cluster A group consisting of private sector companies, public sector bodies, and leading UK academics has been brought together by the UKCCSRC to identify and address actions that need to be taken in order to deliver a CCS based decarbonisation option for the UK in line with recommendations made by the Committee on Climate Change (i.e. 4-7GW of power CCS plus ~3MtCO2/yr of industry CCS by 2030). At an initial meeting (see https://ukccsrc.ac.uk/about/delivering-cost-effective-ccs-2020s-new-start) it was agreed that a series of regionally focussed meetings should take place, and Yorkshire Humber (which also naturally extended to possible links with Teesside) was the first such region to be addressed. Conclusions Reached No. Conclusion Conclusion 1.1 The existence within Yorkshire Humber of a number of brownfield locations with existing infrastructure and planning consents means that the region remains a likely UK CCS cluster region. Conclusion 1.2 Demise of coal fired power plants in the Aire Valley will see the loss of coal handling infrastructure and new handling facilities would need to be developed for biomass-based projects Conclusion 2.1 For Yorkshire Humber it is the choice of storage location that determines whether any pipeline infrastructure would route primarily north or south of the Humber. Conclusion 2.2 For Yorkshire Humber (and Teesside) there exist only 3 beach crossing points and two viable shipping locations for export of CO2 offshore (or for import, for transfer to storage). -
Key Inputs Required
BAIRD GAS STORAGE PROJECT ONSHORE ENVIRONMENTAL STATEMENT ON BEHALF OF BACTON STORAGE COMPANY LTD IN RESPECT OF A PLANNING APPLICATION FOR THE ONSHORE ELEMENTS OF THE BAIRD GAS STORAGE PROJECT AT SITE ENCOMENCOMPASSING A CORRIDOR OF LAND RUNNING FROM MLWM WESTWARDS AND TO THE NORTH OF THE SHELL UK TERMINAL TO THE PERENCO UK TERMINAL; THE PERENCO UK TERMINAL; A CORRIDOR OF LAND ACROSS PASTON ROAD BETWEEN THE PERENCO UK TERMINAL AND NATIONAL GRID GAS DISTRIBUTION STATION; AND AREAS OF LAND TO THE NORTH-WEST OF SEAGULLS FIELD; OFF PASTON ROAD, BACTON, NORFOLK Client Ref: BD-017-EV-RPT-005 February 2010 COPYRIGHT THE CONTENTS OF THIS DOCUMENT MUST NOT BE COPIED OR REPRODUCED IN WHOLE OR IN PART WITHOUT THE WRITTEN CONSENT OF RPS Baird Gas Storage Project Onshore Environmental Statement CLIENT REF ES BD-017-EV-RPT-005 FEBRUARY 2010 Synergy House, Unit 1 Calverton Business Park Hoyle Road, Calverton, Nottingham, UK NG14 6QL Telephone: +44 (0) 115 965 6700 Facsimile: +44 (0) 115 965 5282 www.cra.co.uk BAIRD GAS STORAGE PROJECT ONSHORE ENVIRONMENTAL STATEMENT CLIENT REF ES BD-017-EV-RPT-005 PREPARED FOR BACTON STORAGE COMPANY LIMITED FEBRUARY 2010 CLIENT REFERENCE BD-017-EV-RPT-005 CRA REFERENCE 933841 (1) This report is printed on recycled paper TABLE OF CONTENTS Page 1.0 INTRODUCTION................................................................................................................... 1 1.1 PROJECT BACKGROUND................................................................................ 1 1.2 BACTON STORAGE COMPANY LIMITED ................................................. -
Chapter 4 Site Selection and Assessment of Alternatives
Norfolk Boreas Offshore Wind Farm Chapter 4 Site Selection and Assessment of Alternatives Environmental Statement Volume 1 Applicant: Norfolk Boreas Limited Document Reference: 6.1.4 RHDHV Reference: PB5640-006-004 Pursuant to APFP Regulation: 5(2)(a) Date: June 2019 Revision: Version 1 Author: Royal HaskoningDHV Photo: Ormonde Offshore Wind Farm Date Issue Remarks / Reason for Issue Author Checked Approved No. 12/02/2019 01D First draft for Norfolk Boreas Limited review DT CD/RD/AH/JL AD/JL 27/02/2019 02D Second draft for Norfolk Boreas Limited Review DT RA/DT/JL/AH AD/JL 16/04/2019 01F Final for DCO submission DT RA/CD JL Environmental Statement Norfolk Boreas Offshore Wind Farm 6.1.4 June 2019 Page i Table of Contents 4 Site Selection and Assessment of Alternatives ......................................................... 1 4.1 Introduction ........................................................................................................... 1 4.2 Key Components of Norfolk Boreas ......................................................................... 3 4.3 Legislation and Guidance ........................................................................................ 4 4.4 Site Selection Process ............................................................................................. 5 4.5 Project Alternatives ................................................................................................ 9 4.6 Identification of the Offshore Wind Farm Location ................................................ 10 4.7 Identification -
Burnley Road, Blackburn, Bb1 3Hn
Burnley Road Whitebirk Blackburn BB1 3HN 20/02/2019 PROJECT NO. 605028 ISSUE NO. 1 STATUS For Information Burnley Road Introduction This report assesses the potential constraints presented by the existing utility infrastructure both within the boundary and in the vicinity of the search area. The report is based on the information provided by the client about the location of the search area and the information provided by the utilities about their existing plant and networks. The information contained in this report is based on desk research only. What is a utility constraint? We use the term constraint to indicate that there may be limitations or prohibitions on designs and planned works due to the presence of utility apparatus. To overcome these can be costly and time-consuming. Depending on the legal rights and statutory powers of the utility the costs may have to be borne by the applicant/developer. Report interpretation We have developed a simple traffic light mechanism to present site constraints based on a red/amber/green evaluation; Red – site constraints exist due to the presence of utility apparatus. Amber – site constraints may exist due to the proximity of utility apparatus. Green – site constraints do not appear to exist. This report confirms to QL-D of PAS 128:2014 - Specification for Underground Utility Detection, Verification and Location. To obtain further detail on utility locations consider site reconnaissance (QL-C), detection (QL-B) and verification (QL-A) as recommended under ‘Important Information’. Prepared by Signed off by Celeste Imthurn Martin Darlison Premier Energy Services Ltd has taken all reasonable steps, within the timescales, to obtain the most robust information in this report but accepts no liability for the accuracy of such information or report and in addition to any limitation of liability under its Standard Terms and Conditions.