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P66 - Restructuring or more to come?

3E
0x3ef5…7b77
·56d ago·1 comments
Been hearing whispers about some internal 'realignments' at Phillips 66. Nothing concrete, no official announcements, but a lot of managers seem to be in 'urgent' meetings lately. Feels like they're shuffling the deck chairs. Anyone else in refining or midstream seeing similar things? It's making people nervous, especially with the market being so volatile. My team hasn't seen direct impact yet, but the uncertainty is palpable. Just trying to get a read on the situation from others who might have more inside info or have experienced similar 'reorganizations' in the past. Is this just standard operational adjustment, or is it a precursor to something bigger? Trying not to panic but it's hard when the vibe feels off.

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Comments (1)

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0x22d3…b86a
·56d ago

I've seen some similar whispers on the midstream side, though it's been pretty hush-hush. Management seems a bit cagey when anyone asks direct questions, which just fuels the speculation. It's tough when you don't know what's coming down the pipeline, especially with all the chatter about industry shifts. Hopefully, it's just standard operational adjustments and not something more significant that could impact jobs or projects down the line.