PSX Profile
Phillips 66 is a dynamic player in the energy sector, focusing on both manufacturing and logistics operations. Established in 1875 and headquartered in Houston, Texas, the company operates through four key segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment plays a pivotal role in transporting crude oil and other feedstocks, while also offering terminaling, storage, and fractionation services for refined petroleum products and natural gas liquids. Additionally, it engages in fee-based processing and marketing of natural gas, contributing significantly to energy distribution across markets.
In the Chemicals segment, Phillips 66 specializes in producing a diverse range of products including ethylene, aromatics, styrenics, and various specialty chemicals crucial for industries such as drilling, mining, and manufacturing. The segment's robust portfolio underscores Phillips 66's commitment to delivering essential chemical solutions to global markets. Meanwhile, the Refining segment operates 12 refineries in the United States and Europe, refining crude oil into essential petroleum products like gasolines, distillates, aviation fuels, and renewable fuels, catering to diverse energy needs.
The M&S segment complements Phillips 66's operations by purchasing, marketing, and distributing refined petroleum products across the United States and Europe. This segment also manufactures specialty products such as base oils and lubricants, meeting specific customer demands in the automotive and industrial sectors. With a rich heritage of over a century, Phillips 66 continues to innovate and lead in the energy manufacturing and logistics industry, driving sustainable growth and delivering value to stakeholders worldwide.
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