Phillips 66
Phillips 66's Climate Target Data Preview
As of 2025, Phillips 66 has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 intensity-based targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Phillips 66 ’s climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Processed | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target* | Scope 3 - Use of Sold Products (Cat. 11) | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced | Copy restricted. Please purchase to unlock this data.  a | 2030 |
Intensity-based Target* | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Processed | Copy restricted. Please purchase to unlock this data.  a | 2050 |
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Insights into Phillips 66's Greenhouse Gas Emissions Pathways
As of 2025, Phillips 66 has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a
Does Phillips 66 have a target to reduce the emissions from its operations?
As of 2025, Phillips 66 has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a
Phillips 66's most ambitious operational target is to reduce these emissions by 50% by 2050, compared to a baseline of 0.037 Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Processed in 2019. a
As of 2024, Phillips 66 is ahead of schedule on its operational emissions reduction target, having achieved 30% of the planned reduction. a
Phillips 66's Operational (Scope 1+2) Emissions Pathway
Does Phillips 66 have a target to reduce the emissions from its value chain?
As of 2025, Phillips 66 has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
Phillips 66's most ambitious value chain target is to reduce these emissions by 15% by 2030, compared to a baseline of 0.382 Metric Tonnes of CO2 equivalent (mtCO2e) per Barrel of Oil Equivalent (BOE) of Oil and Gas Produced in 2019. a
As of 2024, Phillips 66 is on track to meet its value chain emissions reduction target, having achieved 53.33% of the planned reduction. a