Independent U.S. refiner Phillips 66 Co. is eliminating 75 jobs at its Bartlesville, Oklahoma, operations center, according to a local newspaper report.
Phillips 66 is cutting 60 jobs held by employees and 15 held by contractors to transfer the work they perform in procurement and finance to an outside company, the Bartlesville Examiner-Enterprise reported, citing a statement from the company.
Phillips 66 did not reply to a request for comment from Reuters.
Phillips 66, based in Houston, uses outside companies to perform similar work at other locations, according to the report. Some of the employees will move into other positions at the company and the rest will have their employment terminated.
Recommended Reading
Exxon Slips After Flagging Weak 4Q Earnings on Refining Squeeze
2025-01-08 - Exxon Mobil shares fell nearly 2% in early trading on Jan. 8 after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
2025-02-04 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Rising Phoenix Capital Launches $20MM Mineral Fund
2025-02-05 - Rising Phoenix Capital said the La Plata Peak Income Fund focuses on acquiring producing royalty interests that provide consistent cash flow without drilling risk.
Equinor Commences First Tranche of $5B Share Buyback
2025-02-07 - Equinor began the first tranche of a share repurchase of up to $5 billion.
Q&A: Petrie Partners Co-Founder Offers the Private Equity Perspective
2025-02-19 - Applying veteran wisdom to the oil and gas finance landscape, trends for 2025 begin to emerge.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.