Headquarters: Houston, TX, United States
CEO: Mr. Greg C. Garland
USD as of July 1, 2023
The Phillips 66 Company is a petroleum refining company. Tracing its origins to 1917, Philips 66 now operates 13 oil refineries with a net crude oil capacity of 2.2 million barrels per day, producing natural gas, petrochemicals, aviation fuels, motor fuels, and lubricants. It also owns the Conoco, Phillips 66, and 76 stations retail outlets in the U.S. and jet filling stations in Europe, as well as pipeline, and a share in natural gas and chemical companies. It was separated from ConocoPhilips in 2012.
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Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
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Phillips 66 has the following listings and related stock indices.
Natural gasPetrochemicalsAviation fuelsMotor fuelsLubricants, Oil refiningService Stations
Founder(s): L. E. Phillips Frank Phillips
Greg Garland (Chairman and CEO)
Revenue: US$ $107.293 billion (2019)
Operating income: US$ 1.838 billion (2017)
Net income: US$ $3.076 billion (2019)
Total assets: US$ $58.720 billion (2019)
Total equity: US$ 25.085 billion (2017)