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Phillips 66 
Energy / Energy and Oil Refining
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web1. Environmental Risks: The refining process produces hazardous compounds, such as sulfur oxide, nitrous oxide, and volatile organic compounds, which can be released into the atmosphere and result in health and environmental impacts.
2. Safety Risks: Refineries are complex operations and require continuous monitoring and maintenance to remain safe and compliant. Accidents and incidents that may occur could result in injury or death, costly damages, operating interruptions, or environmental pollution.
3. Regulatory Risk: Refining operations are subject to stringent federal, state, and local regulations and standards that change over time. Failure to comply with regulations can result in significant fines, environmental damage, and other penalties.
4. Economic Risk: Refining operations are subject to cyclical fluctuations in the market, as well as changes in the availability and cost of crude oil feedstocks. Demand for petroleum products can also be affected by global economic and geopolitical events.
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