PHILLIPS (PSX)
Sector: Energy
Sector: Energy
PHILLIPS - Executive Compensation
Executive Vice President, Refining
Executive Compensation
Richard Harbison serves as Executive Vice President, Refining at Phillips 66, a position he has held since February 2020. With over 35 years of experience in the refining industry, Harbison joined Phillips Petroleum Company—a predecessor to Phillips 66—in 1985 as a process engineer at the Borger, Texas, Refinery. He progressed through roles of increasing responsibility, including refinery operations manager at multiple facilities, vice president of refining operations, and senior vice president of refining planning and supply, gaining expertise in process optimization, safety, and commercial strategy. Under his leadership, Harbison has driven significant achievements, such as enhancing refinery reliability and efficiency across Phillips 66's portfolio of 13 refineries, improving throughput by over 5% while reducing emissions and operational costs. Notable accomplishments include spearheading major turnaround projects at key sites like the Wood River and Ponca City refineries, which delivered multimillion-dollar savings and bolstered the company's competitiveness in North American refining. His strategic oversight has positioned Phillips 66 to navigate volatile markets effectively, emphasizing sustainable practices and digital transformation. In his current role, Harbison oversees the company's $30 billion refining assets, managing a workforce of thousands and directing strategies for feedstock optimization, product yields, and regulatory compliance. A chemical engineering graduate from Texas Tech University, he is recognized for his commitment to safety culture and innovation, contributing to Phillips 66's position as one of the largest refiners in the United States.