Phillips 66 (PSX)

Overview

Phillips 66 is a leading energy manufacturing and logistics company with a diverse portfolio of operations spread across the United States, the United Kingdom, Germany, and other international locations. Founded in 1875, the company has grown to encompass a broad range of activities within the energy sector, structured into four primary segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). With its headquarters in Houston, Texas, Phillips 66 leverages its extensive experience and capabilities to deliver energy solutions and products to global markets efficiently and sustainably.

Products and Services

• Midstream: This crucial segment focuses on the transportation of crude oil and other feedstocks. It includes the delivery of refined petroleum products to the marketplace, offering terminaling and storage services for crude oil and refined products. Additionally, it handles the transportation, storage, fractionation, exportation, and marketing of natural gas liquids, coupled with gathering, processing, transporting, and marketing of natural gas. The Midstream services provide the backbone for the energy supply chain, ensuring the seamless flow of raw and refined materials.
• Chemicals: The Chemicals segment engages in the production and marketing of essential products such as ethylene and olefins, alongside aromatics and styrenics like benzene, cyclohexane, styrene, and polystyrene. It also offers diverse specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals for drilling and mining applications. These products find applications across various industries, including manufacturing, automotive, and construction, highlighting the segment's importance in supporting industrial and economic activities.
• Refining: In this segment, Phillips 66 is involved in refining crude oil and other feedstocks into petroleum products such as gasolines, distillates, aviation fuels, and renewables. The refining process is pivotal in transforming crude oil into usable products, ensuring the availability of essential energy resources for transportation, heating, and industrial processes. The Refining segment is key to meeting the energy needs of consumers and industries worldwide.
• Marketing and Specialties (M&S): This segment encompasses the purchasing, resale, and marketing of refined petroleum products, including gasolines, distillates, and aviation fuels. It also focuses on the manufacturing and marketing of specialty products like base oils and lubricants, which are critical for the automotive and industrial sectors. The M&S segment plays a vital role in the distribution of energy products, contributing to the accessibility of fuel and specialty products for various applications.