Phillips 66
Phillips 66's GHG Emissions Data Preview
In 2024, Phillips 66 completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Phillips 66 has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Phillips 66’s Greenhouse Gas (GHG) Emissions Data
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Insights into Phillips 66's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Phillips 66 amounted to 40,200,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Phillips 66 increased by 3.34%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Phillips 66's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Phillips 66's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Phillips 66 were 32,700,000 metric tons of CO₂ equivalent (tCO₂e). a
Has Phillips 66 reduced its Scope 1 emissions over time?
Since 2018, Phillips 66's Scope 1 emissions have increased by 11.6%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Phillips 66's Scope 1 emissions increased by 3.48%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Phillips 66's Scope 2 emissions?
In 2024, Phillips 66 reported Scope 2 greenhouse gas (GHG) emissions of 7,500,000 tCO₂e using the market-based method. a
Has Phillips 66 reduced its Scope 2 emissions over time?
Since 2018, Phillips 66's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have increased by 56.25%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), Phillips 66's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Phillips 66 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Phillips 66 use for Scope 2 reporting?
In 2024, Phillips 66 reported its Scope 2 emissions using the market-based method. a
Phillips 66's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
Insights into Phillips 66's Value Chain Emissions
In 2024, Phillips 66 reported 365,000,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Phillips 66 includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Phillips 66's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Phillips 66's Scope 3 emissions?
In 2024, Phillips 66 reported total Scope 3 emissions of 365,000,000 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), Phillips 66's Scope 3 emissions remained relatively stable, indicating that Phillips 66 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Phillips 66 disclose?
In 2024, Phillips 66 reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Phillips 66's Scope 3 emissions?
In 2024, the largest contributors to Phillips 66's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 365,000,000 tCO₂e (100%)
Phillips 66's Scope 3 Emissions by Categories
Insights into Phillips 66’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Phillips 66 reported Scope 1 greenhouse gas (GHG) emissions of 32,700,000 tCO₂e and total revenues of USD 143,153 millions. This translates into an emissions intensity of 228.43 tCO₂e per millions USD. a
Phillips 66's Scope 1 Emissions Intensity Compared to Peers
How does Phillips 66's GHG emissions intensity compare to its peers?
In 2024, Phillips 66 reported a Scope 1 emissions intensity of 228.43 tCO₂e per millions USD. Compared to the peer group median of 261.76, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Phillips 66 rank on GHG emissions intensity within its industry?
In 2024, Phillips 66 ranked 10 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Phillips 66 is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Phillips 66's Total Carbon Footprint
In 2024, Phillips 66 reported a total carbon footprint of 405,200,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.35% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Phillips 66's total carbon footprint was Scope 3 emissions, accounting for 90.08% of the company's total carbon footprint, followed by Scope 1 emissions at 8.07%. a