Oil and gas companies have an important role to play in the energy future, but the transition to a lower-carbon world will require a mix of traditional and alternative fuels, Phillips 66 President and CEO Mark Lashier said at the Argus Americas Crude Summit in Houston. <\/p>\n\n\n\n
In a keynote fireside chat, Lashier warned against abandoning energy sources, and also against depending on a solitary source.<\/p>\n\n\n\n
\u201cWe\u2019ve got to make sure the world has access to energy that\u2019s abundant and affordable,\u201d said Lashier, \u201cand as benign to the environment as possible.\u201d<\/p>\n\n\n\n
The Argus conference is widely seen as the premier commercial crude oil markets event. Lashier\u2019s 30-minute keynote with Euan Craik, Argus\u2019s global head of oil, followed opening remarks by former President George W. Bush.<\/p>\n\n\n\n
Lashier told the audience that Phillips 66 will thrive in the coming decades as the best refiner in the business, a major player in pipelines and chemicals, and a producer of lower-carbon fuels.<\/p>\n\n\n\n
\u201cWe have a legacy of 150 years, and during that time we\u2019ve always been innovating and looking for different ways to deliver on our vision of providing energy and improving lives,\u201d he said.<\/p>\n\n\n\n
Phillips 66 is currently converting its San Francisco Refinery in Rodeo, California, into one of the world\u2019s largest facilities for renewable fuels, which promise to lower carbon emissions in aviation, long-haul trucking and heavy machinery, among other areas.<\/p>\n\n\n\n
Lashier said Phillips 66 has had \u201ca seat at the table\u201d with the U.S. Department of Energy around high gasoline prices following Russia\u2019s invasion of Ukraine, and that markets are self-correcting.<\/p>\n\n\n\n
\u201cWe were able to have rational discussions, and I believe helped convince the government that export bans are not the answer,\u201d he said.<\/p>\n\n\n\n
Indeed, U.S. gasoline prices have declined.<\/p>\n\n\n\n
Added Lashier, \u201cThere’s not going to be any energy transition without companies like ours, without industries like ours, figuring out ways to provide energy profitably.” <\/p>\n","protected":false},"excerpt":{"rendered":"
Phillips 66 President and CEO Mark Lashier spoke at the Argus Americas Crude Summit.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","widen_thumbnail_url":"https:\/\/phillips66.widen.net\/content\/uklmkqwflz\/jpeg\/23-0003_9_Argus%20Summit_dotcomthumb.jpg?crop=true&anchor=0,487&q=80&color=ffffffff&u=s3whhe&w=1282&h=775","widen_thumbnail_width":"1282","widen_thumbnail_height":"775","psx_hero_image_url":"https:\/\/phillips66.widen.net\/content\/jzbhyycnt8\/jpeg\/23-0003_9_Argus%20Summit_dotcom.jpeg?keep=c&crop=yes&color=ffffffff&quality=54&u=gsovgw","psx_hero_image_width":"2048","psx_hero_image_height":"640","psx_hero_image_mobile_url":"https:\/\/phillips66.widen.net\/content\/uklmkqwflz\/jpeg\/23-0003_9_Argus%20Summit_dotcomthumb.jpg?crop=true&anchor=0,487&q=80&color=ffffffff&u=s3whhe&w=1282&h=775","psx_hero_image_mobile_width":"1282","psx_hero_image_mobile_height":"775","psx_byline":"Thaddeus Herrick"},"categories":[10,12],"class_list":["post-14086","post","type-post","status-publish","format-standard","hentry","category-renewable-energy","category-strategy"],"yoast_head":"\n