#risk

Posts mentioning hashtag #risk

Below are all the posts — topics as well as replies — that mention the hashtag #risk.

Mention #risk in your post to continue the discussion!

Risk programs going away?

Has anyone heard whether risk programs are being paused right now? With so many changes lately, it’s been tough to keep up, and I’m just trying to get a clearer picture. The goal is to make sure teams are set up for success, so any insight would be appreciated. Managers are eerily silent.


Integrity/Risk Awareness

Retail branch managers in my city are telling us to call clients on the federal do not call list and if a sale happens on the call, we are to log that we didn’t “lead” with the sale. I helped out at one branch recently and there bankers are being told the same as my branch. Previously when I started working here, the manager would tell us that we are to log bad contact information on the lead and leave notes that it is on the do not call list. We are now told that if we don’t call clients on the federal do not call list and if we log bad contact information that we will be in hot water with area manager. We are told this change is coming from our area manager and it’s been going on for a little over a month now. I do believe it’s coming from above my branch manager because I’m seeing it at more than just my location due to helping branches with turnover. Most recently this area manager is “encouraging” the managers get us to do seemingly unscrupulous stuff with opening accounts dda units and shifting dollars to our area. Is they’re funny business coming from way up top being seen everywhere or is it just area leadership in north Florida? Relatively new to this bank and wondering if I should prepare an exit before staying too long.


2c on Debt

I just want to reassure everyone that whatever happens with Oracle and its debt, LE will come out on top and unscathed. He is five steps ahead of everyone else playing the game, and his (and his family’s) nest egg will only continue to grow. Everything else is noise. If you choose to play in this space, rest assured, he will burn you.


DAC Dilemma

Vicki made a huge bet on DAC. To me, the business case was always shaky even if it works PERFECTLY. I’m told it is over schedule and over budget, and we just got rid of OxyChem, which could have been a critical resource.
What if it doesn’t work? Do we have to pay back all of the companies that bought credits? Write off the purchase of Carbon Engineering? Write off the DAC complex?


Only manufacturing

If you are salary or overhead, you are at a great risk in 2026 for a layoff. If you do not actually make product you need to be looking for something else.

Our engineers have limited career spans. We do not design anything of interest or significance. Not like we work for Boeing, NASA, Lockheed, and a company where engineers do really interesting and high-tech work. We design electric drills. Boring...

Take my advice and have your resume ready. Get to know people that work at real companies. Be prepared do deal with a layoff.


Trading - Differentiation or Adding Volatility?

If integration is the strategy at Phillips 66, then the CFO is where that strategy either becomes measurable—or quietly unravels.

Under K3vin Mitchell, management has repeatedly emphasized the company’s commercial strength and trading activity as a differentiator—pointing to optimization, integration across assets, and value capture across the system. In public forums, Mitchell has framed this capability as a reason to maintain the current structure and as a contributor to long-term shareholder returns.

But the outcomes raise a fundamental question: if trading and commercial capability are truly differentiated, why does volatility keep increasing rather than declining?

Quarter after quarter, refining and commercial swings dominate results. Earnings remain highly sensitive to market moves, even as leadership points to trading activity as a source of advantage. At some point, “commercial optimization” stops sounding like a stabilizer and starts sounding like an explanation for risk that isn’t being actively constrained.

This matters because volatility is not an abstract concept—it is a capital allocation choice. Expanding trading activity without demonstrably reducing enterprise-level swings suggests either:
• the activity is adding risk rather than offsetting it, or
• leadership is comfortable with volatility that contradicts the integration narrative

Neither interpretation supports the company’s positioning as a diversified, disciplined platform.

The issue is compounded by management style.

Effective CFOs in complex organizations are not passive coordinators. They force clarity, resolve conflicts between segments, and actively develop leaders who can manage portfolio-level trade-offs. Here, leadership appears distant and conflict-avoidant. Hard questions linger unanswered. Exposure choices persist by default.

That combination—embracing volatility while avoiding confrontation—is dangerous in a company this complex.

Commercial trading can be a real advantage. But if it doesn’t visibly improve and smooth results, reduce dependence on refining swings, or produce superior risk-adjusted returns, it isn’t a differentiator—it’s just activity that comes at added expense.

A CFO doesn’t earn credibility by describing capability. They earn it by shaping outcomes.

Right now, Phillips 66 is getting more volatility than its strategy implies—and less leadership pressure than its complexity demands.


Worse every day

I swear this place gets worse every day. It does not matter who you talk to, audit, risk, commercial, wealth or the random person in the kitchen the complaints and misery never end. The reasons are all over the place and true from everything I have seen and experienced. I hope they start fixing the culture. They won’t. They are not hiring when people leave. Makes you wonder if they want to be sold.


Downstream Impacts to Enterprise Reimagined

I am curious. How many of you who survived the layoffs and still come to this page are witnessing catastrophic consequences to leadership decisions to eliminate departments, capabilities or expertise? How many of these have serious regulatory components or are millimeters away from causing harm to our branch teams?

For example, a department was eliminated in Enterprise Learning that updates all the online learning modules. We can’t seem to get courses fixed in the learning management system that branch teams need to gain access to their branch desktop or other important applications. I know several associates who have tried to raise this issue but their leaders don’t care because they have “more important fish to fry.”

In another important area, data governance was eliminated so that our AI is now fishing in a corrupt pond of data. But the push to use AI in the home office is intense.

Records and Information management has completely disappeared. There are no guard rails, well, anywhere. And the firm just hit an iceberg. At least, that’s what it feels like.

What are you seeing?


Zero Growth, Riskier, Less Salary

Oracle was focusing on being a stable firm. But most of responsibilities where around Oracle concepts like basic Java, Java EE and some opensource areas without much depth in technology or anything.
It doesn't shape the employees with challenges. It doesn't offer you a career trajectory. Doesn't makes you un-fireable (always keep you in fear). Your market value stagnates over years with 2% to 0% hikes.
It has made employees obsolete as the company is pivoting to different area.


LPAX safe

I am truly sorry for anyone that lost their job yesterday, that really su-ks! But all of us that are still here it should be a wake up call, we are all replaceable and cannot depend on this company. With the metrics changes and daily changes and do it this way today and this way tomorrow, we’re all at risk. These off shore teams are making this job harder for the people that know what to do. But it’s cheap labor so who cares they are not giving out correct information. In the end they will have our jobs and there’s nothing we can do about it