Phillips 66

Phillips 66 Company
Company typePublic
IndustryOil and gas
PredecessorConocoPhillips' midstream and downstream operations (2002–2012)
Founded
  • 1927 (1927) (brand)
  • May 1, 2012 (2012-05-01) (company)[1] in Houston, Texas, U.S.
Founders
HeadquartersWestchase, Houston, Texas, U.S.
Area served
Worldwide
Key people
Products
Brands
Services
RevenueIncreaseUS$ $169.99 billion (2022)[2]
Increase US$ 20.058 billion (2022)[3]
Increase US$ $11.074 billion (2022)[4]
Total assetsIncrease US$ $76.442 billion (2022)[5]
Total equityIncrease US$ 34.1068 billion (2022)[3]
Number of employees
14,600 (2017)[3]
SubsidiariesChevron Phillips Chemical
Websitephillips66.com

The Phillips 66 Company is an American multinational energy company headquartered in Westchase, Houston, Texas. Its name, dating back to 1927 as a trademark of the Phillips Petroleum Company, helped ground the newly reconfigured Phillips 66. The company today was formed ten years after Phillips merged with Conoco to form ConocoPhillips. The merged company spun off its refining, chemical, and retail assets (known as downstream operations in the oil industry) into a new company bearing the Phillips name. It began trading on the New York Stock Exchange on May 1, 2012, under the ticker PSX.

The company is engaged in refining, transporting, and marketing natural gas liquids (NGL) petrochemicals. They are also active in the research and development of emerging energy sources and partners with Chevron on chemicals through a joint venture known as Chevron Phillips Chemical.[6]

Phillips 66 is ranked No. 29 on the Fortune 500 list and No. 74 on the Fortune Global 500 list as of 2022, with revenues of over $115 billion USD. Phillips 66 has approximately 14,000 employees worldwide and is active in the United States, United Kingdom, Germany, Austria, and Switzerland, and currently owns and licenses out various service station brands across the country, such as 76 and Conoco within the United States, and JET in Europe.[7][8]

  1. ^ About us on Phillips 66 site
  2. ^ "Phillips 66 Revenue 2009-2021 | PSX".
  3. ^ a b c "2017 Phillips 66 Annual Report (Form 10-K)". sec.gov. U.S. Securities and Exchange Commission. February 2018. Retrieved April 3, 2018.
  4. ^ "Phillips 66 Net Income 2009-2021 | PSX".
  5. ^ "Phillips 66 Total Assets 2009-2021 | PSX".
  6. ^ Volcovici, Valerie (March 10, 2022). "Chevron, Phillips venture to pay millions for air violations at chemical plants". Reuters. Retrieved October 13, 2022.
  7. ^ "Phillips 66 (PSX) Company Profile, News, Rankings | Fortune". Fortune. Retrieved September 1, 2022.
  8. ^ "Fuels & Lubricants". Phillips 66. Retrieved October 13, 2022.

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