Chief Executive Officer & Chairman, Phillips
Search every verified Mark Lashier interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mark Lashier, CEO and chairman of Phillips 66, discussed global energy market disruptions and the company's strategic investments in a May 2026 interview with the Houston Business Journal. He stated that activities in Iran and the Strait of Hormuz have "cut off a substantial amount of energy flows," noting that while the price of oil on paper was $110 a barrel, it was "more like $150, $180 a barrel" in the Atlantic basin. Lashier also said the company has been taking Venezuelan crude "when the economics make sense," with 250,000 barrels per day of capacity at its Sweeney and Lake Charles refineries. Lashier described the company's long-term outlook on refining, saying that while some believed refining "was going to go away," Phillips 66 "took the other side of that bet" and is investing in its existing refining base. He expressed concern that prolonged conflict could "tip the world into a recession," adding that the company hopes the situation "gets resolved rationally and quickly."
“The activities in Iran and with the straits of Hormuz have cut off a substantial amount of energy flows and petrochemical flows, and fortunately the US North America is well resourced and we're not really feeling the full impact of it here yet like places in Asia and even Europe are.”
“We've been able to move refined products to the West Coast because the West Coast has been significantly impacted because a lot of the refined products that hit the West Coast come from Asia. Asia can't get their crude out of the straits of Hormuz and so they're cutting back their refinery runs while we still are runni...”
“The repatriation of barrels from Venezuela to the US has been beneficial to the US refining complex because many refineries on the US Gulf Coast were designed or redesigned to process Venezuelan crude. We've been taking Venezuelan crude when the economics make sense, and every day we run models to ensure that we've got...”
“The Western Gateway pipeline will be very consistent, reliable flow to Phoenix, to points in California, to Las Vegas versus relying on imported refined products from the far east. It really is a much better more resilient system for them, and California will now have its analog in our Western Gateway pipeline, similar...”
Houston Business Journal Editor-In-Chief Sean McCrory and staff reporter Naomi Klinge interview Mark Lashier, CEO of Phillips ...
Engineers in the C-Suite Speaker Series September 15, 2025 Rice University Speaker Timestamps 0:07 Fred Higgs, Faculty Director for the Rice Center for Engineering Leadership 3:37 Lisa Biswal, Chair, Department of Chemical and Biomolecular Engineering at Rice University 8:04 Clayton Waski, junior, civil and environmental engineering student, Rice University 8:45 Mark Lashier, PhD - Chairman and CEO, Phillips 66 ABOUT THIS EVENT Leading Innovation in an Evolving Energy Landscape How do you build a culture of innovation in a business that is strongly focused on operations? What…
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