Phillips 66 is a major refining and marketing company headquartered in Houston, Texas. It is a spin-off of ConocoPhillips, which was created in 2012.
Key areas of Phillips 66's business include:
- Refining: The company operates refineries across the United States, processing crude oil into gasoline, diesel fuel, and other petroleum products.
- Marketing: Phillips 66 markets and distributes its products to consumers and businesses through its network of retail stations and wholesale channels.
- Midstream: The company also operates midstream assets, such as pipelines and storage facilities, which are essential for transporting and storing crude oil and refined products.
- Chemicals: Phillips 66 has a chemicals business that produces a variety of products, including plastics, polymers, and additives.
Phillips 66 is known for its focus on operational excellence, safety, and environmental stewardship. The company has a strong commitment to sustainability and has invested in renewable energy projects.
Philip 66 refineries in United States
Phillips 66 operates several refineries across the United States. However, it's important to note that the company has recently announced plans to shut down its Los Angeles refinery in 2025.
Here are the remaining refineries in the U.S.:
- Bayway Refinery: Located in Linden, New Jersey.
- Billings Refinery: Located in Billings, Montana.
- Borger Refinery: Located in Borger, Texas.
- Ferndale Refinery: Located in Ferndale, Washington.
- Humber Refinery: Located in Humberside, United Kingdom.
- Lake Charles Manufacturing Complex: Located in Lake Charles, Louisiana.
- Ponca City Refinery: Located in Ponca City, Oklahoma.
- Santa Maria Refinery: Located in Santa Maria, California.
- Sweeny Refinery: Located in Sweeny, Texas.
- Wood River Refinery: Located in Wood River, Illinois.
Philip 66 midstream
Phillips 66's Midstream business is a significant part of their operations, providing essential services for the energy industry. They offer a range of midstream services, including:
- Pipeline Transportation: Phillips 66 owns and operates a vast network of pipelines across the United States, transporting natural gas, natural gas liquids (NGLs), and crude oil to various destinations.
- Storage: They have extensive storage facilities for various energy commodities, including crude oil, refined products, and NGLs.
- Processing: Phillips 66 operates processing plants to separate and purify NGLs, making them suitable for various end-uses.
- Terminaling: They own and operate terminals for loading, unloading, and storing energy products, facilitating efficient distribution.
- Gathering and Processing: Phillips 66 is involved in gathering natural gas from production wells and processing it to remove impurities and separate valuable components.
- Marketing: They market and sell natural gas and NGLs to various customers, including utilities, industrial users, and other energy companies.
Philip 66 chemicals
Phillips 66 is involved in the chemicals industry through its joint venture with Chevron, known as Chevron Phillips Chemical Company LLC (CPChem). This partnership is a leading producer of olefins and polyolefins, which are used in a wide range of products, including plastics, fibers, and packaging materials.
CPChem operates world-scale manufacturing facilities across the globe, producing high-quality chemicals that meet the needs of various industries.
It's important to note that while Phillips 66 is a significant player in the chemicals industry through its partnership with Chevron, it does not directly operate its own standalone chemical plants.
Philip 66 Marketing and Retail
Phillips 66 has a robust Marketing and Retail segment, operating under well-known brands like Phillips 66, Conoco, and 76. This segment focuses on:
Marketing:
- Fuel Marketing: They market fuels through branded and unbranded channels, including retail outlets, commercial and industrial customers, and the aviation industry.
- International Marketing: They also market products internationally, particularly in Europe, where they operate under the JET brand.
Retail:
- Branded Retail Outlets: Phillips 66 operates a network of branded retail outlets across the United States, offering fuel, convenience store products, and other services.
- Brand Licensing: They license their brands to other retailers, expanding their brand presence.
Phillips 66 is committed to providing quality products and services to its customers. They are constantly innovating and investing in technologies to enhance the customer experience and improve operational efficiency.
