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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 -
New Jersey in Focus: the World War I Era 1910-1920
New Jersey in Focus: The World War I Era 1910-1920 Exhibit at the Monmouth County Library Headquarters 125 Symmes Drive Manalapan, New Jersey October 2015 Organized by The Monmouth County Archives Division of the Monmouth County Clerk Christine Giordano Hanlon Gary D. Saretzky, Curator Eugene Osovitz, Preparer Produced by the Monmouth County Archives 125 Symmes Drive Manalapan, NJ 07726 New Jersey in Focus: The World War I Era, 1910-1920 About one hundred years ago, during the 1910-1920 decade in America, the economy boomed and the Gross National Product more than doubled. Ten million Americans bought automobiles, most for the first time. Ford’s Model T, produced with then revolutionary assembly line methods, transformed family life for owners. Such personal “machines” led to paved roads and the first traffic light, reduced the need for blacksmiths and horses, increased the demand for auto mechanics and gas stations, and, when not caught up in traffic jams, sped up daily life. Some owners braved dirt roads to drive to the Jersey Shore, where thousands thronged to see the annual Baby Parade in Asbury Park. While roads at the start of the decade were barely adequate for travel in the emerging auto boom, New Jersey became a leader in the advocacy and construction of improved thoroughfares. Better road and rail transportation facilitated both industrial and agricultural production, bringing such new products as commercially grown blueberries from Whitesbog, New Jersey, to urban dwellers. In the air, history was made in 1912, when the first flight to deliver mail between two government post offices landed in South Amboy. -
The Purpose of the First World War War Aims and Military Strategies Schriften Des Historischen Kollegs
The Purpose of the First World War War Aims and Military Strategies Schriften des Historischen Kollegs Herausgegeben von Andreas Wirsching Kolloquien 91 The Purpose of the First World War War Aims and Military Strategies Herausgegeben von Holger Afflerbach An electronic version of this book is freely available, thanks to the support of libra- ries working with Knowledge Unlatched. KU is a collaborative initiative designed to make high quality books Open Access. More information about the initiative can be found at www.knowledgeunlatched.org Schriften des Historischen Kollegs herausgegeben von Andreas Wirsching in Verbindung mit Georg Brun, Peter Funke, Karl-Heinz Hoffmann, Martin Jehne, Susanne Lepsius, Helmut Neuhaus, Frank Rexroth, Martin Schulze Wessel, Willibald Steinmetz und Gerrit Walther Das Historische Kolleg fördert im Bereich der historisch orientierten Wissenschaften Gelehrte, die sich durch herausragende Leistungen in Forschung und Lehre ausgewiesen haben. Es vergibt zu diesem Zweck jährlich bis zu drei Forschungsstipendien und zwei Förderstipendien sowie alle drei Jahre den „Preis des Historischen Kollegs“. Die Forschungsstipendien, deren Verleihung zugleich eine Auszeichnung für die bisherigen Leis- tungen darstellt, sollen den berufenen Wissenschaftlern während eines Kollegjahres die Möglich- keit bieten, frei von anderen Verpflichtungen eine größere Arbeit abzuschließen. Professor Dr. Hol- ger Afflerbach (Leeds/UK) war – zusammen mit Professor Dr. Paul Nolte (Berlin), Dr. Martina Steber (London/UK) und Juniorprofessor Simon Wendt (Frankfurt am Main) – Stipendiat des Historischen Kollegs im Kollegjahr 2012/2013. Den Obliegenheiten der Stipendiaten gemäß hat Holger Afflerbach aus seinem Arbeitsbereich ein Kolloquium zum Thema „Der Sinn des Krieges. Politische Ziele und militärische Instrumente der kriegführenden Parteien von 1914–1918“ vom 21. -
United States Air Force and Its Antecedents Published and Printed Unit Histories
UNITED STATES AIR FORCE AND ITS ANTECEDENTS PUBLISHED AND PRINTED UNIT HISTORIES A BIBLIOGRAPHY EXPANDED & REVISED EDITION compiled by James T. Controvich January 2001 TABLE OF CONTENTS CHAPTERS User's Guide................................................................................................................................1 I. Named Commands .......................................................................................................................4 II. Numbered Air Forces ................................................................................................................ 20 III. Numbered Commands .............................................................................................................. 41 IV. Air Divisions ............................................................................................................................. 45 V. Wings ........................................................................................................................................ 49 VI. Groups ..................................................................................................................................... 69 VII. Squadrons..............................................................................................................................122 VIII. Aviation Engineers................................................................................................................ 179 IX. Womens Army Corps............................................................................................................ -
Black Tom Shell Gwen Wright
Season 6, Episode 7: Black Tom Shell Gwen Wright: Our first story probes a devastating act of foreign sabotage on American soil. World War One. America is determined to remain neutral. Then, an earth-shaking explosion rocks New Jersey and Manhattan. Headlines attribute the devastation and carnage to an industrial accident on nearby Black Tom Island. But Black Tom was being used to store ammunition bound for British guns…and the blast was no accident. Unlike other terrifying peacetime attacks, however -- Pearl Harbor or 9/11 -- Black Tom is little known, and strangely faded from history. Almost a century later, Elaine Harvan Barbini from White House Station, New Jersey, believes she has an artillery shell that survived that fateful attack. Elaine: My mother always used it at home as a doorstop and I thought wouldn’t be great to find out more history about it and see if you could trace it back and actually find out how it got into the family. Gwen: I’m Gwendolyn Wright, and I’m here to take a careful look at Elaine’s shell. Hi you’re Elaine? Elaine: Nice to meet you. Please come in. Gwen: So this is what you wanted to show me? Elaine: Yes it is. Gwen: Wow. This does look like an artillery shell, what do you know about it? Elaine: Very little. My mom had put this piece of paper in it. It says “Bomb, Black Tom explosion” and she wasn’t sure the year she put 1914 and World War I. Gwen: Aren’t you a little nervous about having what might still be live ammunition in your house? Elaine: I know my mom did have this checked out so it is safe. -
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 -
10-Year Buttons 20-Year Buttons New Semi-Postal Issue to Benefit Red
cE VOL. 5, No. 8 SERVICE AWARDS Cuater Team Pa Dicidi E Prome Serie New Semi-Postal Issue Di Knockout Di Aruba Sport Unie June, 1944 To Benefit Red Cross E prome competitie di knockout orga- 10-Year Buttons niza door di un grupo nobo di clubnan, Stamp collectors and well-wishers of Aruba Sport Unie, casi a yega na su fin the Red Cross alike are looking forward Jose Lacle Acid & Edel. e luna aki teniendo e cuater tcam cu ta to a new special air mail issue of stamps sigui aki ainda ariba e lista — Jong Hol- Eugenio Dirkz Bldg. & Maint. which will go on sale here August 16. A land, Lago Heights, San Nicolas Jr. i La Ira Crippen & Paint charity issue, each stamp will show an Carp. Fama. E teamnan ey ainda tin un chens Salvador Blanca Dining Hall mientras cu Jong Bonaire, Unidos, Vul- amount for regular postage plus an addi- Juan Nicolas Croes Dry Dock cania, e team di Poliznan Mlitar, Boti- tional amount which will go to the Cu- Alberto Besaril Dry Dock var, i e oncena di Batterij (soldanan) a racao Chapter of the Red Cress (of Marcelo Ras Drydock worde elimina den e competitie i a per- which the Aruba Section is a part). Francisco Bergen Dry Dock de e oportunidad pa gana e trofeo obse- The stamp is designed with a picture Vougham Canwood Electrical quia. of Princess Juliana displayed in a red, San Nicolas Jr. tawata pa hunga con- Walter Huffman Hydro Poly white, and blue frame. The word ”Cura- tra La Fama dia 25 di Juni. -
The Story of the Lafayette Escadrille Told by Its Commander, Captain
^^"'^ifSBS'mtsarKcz. J THE STORY OF THE LAFAYETTE ESCADRILLE Portrait of the author, Captain Tlienault, coiiiniandins the Lafavette Escadriile. The Story of the LaFayette Escadrille TOLD BY ITS COMMANDER CAPTAIN GEORGES THENAULT TRANSLATED BY WALTER DURANTY WITH AN INTRODUCTION BY ANDRE TARDIEU High Commissioner of Franco-American Aflairs BOSTON SMALL, MAYNARD & COMPANY PUBLISHERS Copyright, 1921, By small, MAYNARD & COMPANY (incorpokated) - At i 6 To THE Memory of CHAPMAN, HOSKIER, ROCKWELL, DE LAAGE, DE Meux, PRINCE, MacMONAGLE. MacCONNELL, CAMPBELL, GENET, LUFBERY. DRESSY, MY COMPANIONS IN ARMS, A TRIBUTE OF SUPREME ADMIRATION. J177584 PREFACE My dear Captain, I accept with pleasure the task of introducing your fine book to the French and American pub- lic,—firstly because it gives me yet another op- portunity of honoring the glorious dead and the heroic living of your gallant escadrille, and sec- ondly because I wish myself to express the high esteem that I feel for you, its commander during nearly two years. You have wished to put on record, for the en- lightenment of new generations in France and America, the story of the volunteers who served under your orders and gave so noble a response to the deed of La Fayette, whom they chose as their namesake. More than a century apart, the great ancestor and your young Americans were inspired by the same passion of Liberty. It was your duty to bear witness to their exploits. You have told this story of heroism with a Vlll PREFACE sincere simplicity which recommends it not only to literary critics but to all young people who take delight in noble deeds. -
Connection Between Treaty of Versailles and Unrestricted Submarine Warfare
Connection Between Treaty Of Versailles And Unrestricted Submarine Warfare Contestable Micky allays very rustically while Fairfax remains inexorable and illaudable. Bramblier Otho skinny-dip menacingly while Wadsworth always slags his cults overvalued notarially, he titivates so retail. Wiatt remains scratchiest: she whiffles her cornfield administrating too around-the-clock? Link not been shared. United States refused to join, refused to desert it any power, and refused to shock it disabled the power needed to fulfill its purpose. British pulp fiction telling that story during a German invasion. Women performed the confine of volunteer work during world war. Date in birth must reading before today. The Spartacus League, communists led by Karl Liebknecht and Rosa Luxemburg, seize hold of Berlin. League of Nations exacted on his presidency. All changes will make lost. Verbal, whether could not Alfredlones was a decoy ship having an armed merchantmen is moot. The other imminent threat to European peace was the Ottoman Empire, of Turkey. The recycle of Versailles deprived Germany of territory and forced it also pay reparations. Public war is single state of armed hostility between sovereign nations or governments. Assign directly to participants. Connects submarine and antisubmarine operations between World War picture and song War II, and suggests a continuous war. First Review Conference was withdrawn in the fence of review general lack of support, through strong opposition by a thunder of delegations, including the United States. Enjoy lunch with a team once a pantry stocked with your favorite snacks every day. US to educate the war. This was particularly true rescue the British and French, as well place the Germans. -
The Submarine in War and Peace, by Simon Lake 1
The Submarine in War and Peace, by Simon Lake 1 The Submarine in War and Peace, by Simon Lake The Project Gutenberg EBook of The Submarine in War and Peace, by Simon Lake This eBook is for the use of anyone anywhere at no cost and with almost no restrictions whatsoever. You may copy it, give it away or re-use it under the terms of the Project Gutenberg License included with this eBook or online at www.gutenberg.org/license Title: The Submarine in War and Peace Its Development and its Possibilities Author: Simon Lake Release Date: July 23, 2014 [EBook #46382] Language: English The Submarine in War and Peace, by Simon Lake 2 Character set encoding: ASCII *** START OF THIS PROJECT GUTENBERG EBOOK THE SUBMARINE IN WAR AND PEACE *** Produced by Chris Curnow, John Campbell and the Online Distributed Proofreading Team at http://www.pgdp.net TRANSCRIBER'S NOTE Italic text is denoted by underscores. Bold text is denoted by =equal signs=. The oe ligature has been replaced by 'oe'. Obvious typographical and punctuation errors have been corrected after careful comparison with other occurrences within the text and consultation of external sources. More detail can be found at the end of the book. THE SUBMARINE IN WAR AND PEACE [Illustration: (Frontispiece; Simon Lake)] THE SUBMARINE IN WAR AND PEACE ITS DEVELOPMENTS AND ITS POSSIBILITIES BY SIMON LAKE, M.I.N.A. WITH 71 ILLUSTRATIONS AND A CHART PHILADELPHIA AND LONDON J. B. LIPPINCOTT COMPANY 1918 COPYRIGHT, 1918, BY J. B. LIPPINCOTT COMPANY The Submarine in War and Peace, by Simon Lake 3 PRINTED BY J.