PSX

Phillips 66 operates as a diversified energy manufacturing and logistics company headquartered in Houston, Texas. The company was formed in 2012 as a spinoff from ConocoPhillips and employs approximately 13,000 people globally. Phillips 66 operates through four primary business segments: Refining, which runs 12 refineries with a combined crude oil processing capacity of approximately 1.8 million barrels per day; Midstream, which transports and stores crude oil, refined petroleum products, and natural gas liquids through an extensive network of pipelines and terminals; Chemicals, operated through a 50% equity investment in Chevron Phillips Chemical Company; and Marketing and Specialties, which markets refined products under the Phillips 66, Conoco, and 76 brands across approximately 7,000 locations. The company ranks among the largest petroleum refining companies in the United States by capacity. Recent strategic developments include the expansion of the Rodeo Renewed project, converting the San Francisco Refinery to produce renewable fuels, and ongoing share repurchase programs. Phillips 66 also holds a significant ownership stake in DCP Midstream, a natural gas liquids producer. The company generates annual revenues exceeding $140 billion, with operations spanning refining, midstream logistics, petrochemicals, and fuel marketing across North America and Europe.