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Phillips 66 (PSX) Company Profile

Updated Aug 8, 2019
Phillips 66 has the following business profile:
Company's Full Name:Phillips 66
Short Name:Phillips 66
Trading Ticker Symbol:PSX
Primary Exchange:NYSE
Headquarter City/Country:Houston, Texas
Primary Industry Sector:Energy
Seconday Sub-sector:Integrated oil Companies
Main Business Areas: Energy, Integrated oil Companies, Oil & Gas Refining & Marketing
Dividend Payments:Dividend History

Market and Trading Information for Phillips 66

The following details were available for trading and market data about the stock of Phillips 66 as of writing:
Current Share Price:$100.71
Previous Year's Closing Price:$86.15
Percentage Price Change (YTD):16.9%
Market Cap:$45.97 billion
52-week Price Range:$78.44 - $123.48
Dividend Per Share:$3.3
EPS (TTM):11.59
Price-Earnings (Trailing):8.69
Price-Earnings (Forward):9.66

Company Profile and Business Description for Phillips 66

Phillips 66, incorporated on November 10, 2011, is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The Company operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment gathers, processes, transports and markets natural gas, and transports, stores, fractionates and markets natural gas liquids (NGLs) in the United States. The Chemicals segment consists of its equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics. The Refining segment buys, sells and refines crude oil and other feedstocks at refineries, primarily in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, such as gasolines, distillates and aviation fuels, primarily in the United States and Europe, as well as includes the manufacturing and marketing of specialty products, and power generation operations.

Midstream

The Midstream segment consists of three business lines: Transportation, which transports crude oil and other feedstocks to its refineries and other locations, delivers refined and specialty products to market, and provides terminaling and storage services for crude oil and petroleum products; DCP Midstream, LLC (DCP Midstream), which gathers, processes, transports and markets natural gas and transports, fractionates and markets NGL, and NGL, which transports, fractionates and markets natural gas liquids, as well as exports liquefied petroleum gas (LPG) at its Freeport terminal. The Midstream segment also stores, refrigerates and exports LPG primarily to Asia and Europe. The Midstream segment includes its master limited partnership, Phillips 66 Partners LP. Phillips 66 Partners LP's assets and equity investments consist of crude oil, NGL and refined petroleum product pipelines, terminals, rail racks and storage systems, as well as an NGL fractionator, that are geographically dispersed throughout the United States.

The Company owns or leases various assets to provide terminaling and storage of crude oil, refined products, natural gas and NGL. These assets include pipeline systems; petroleum product, crude oil and LPG terminals; a petroleum coke handling facility; marine vessels, and railcars and trucks. As of December 31, 2016, its Transportation business managed over 18,000 miles of crude oil, natural gas, NGL and petroleum products pipeline systems in the United States, including those partially owned or operated by affiliates. As of December 31, 2016, the Company owned or operated 40 finished product terminals, 38 storage locations, five LPG terminals, 17 crude oil terminals and one petroleum coke exporting facility. The Company has an interest in Rockies Express Pipeline LLC (REX). As of December 31, 2016, the REX natural gas pipeline ran 1,712 miles from Meeker, Colorado, to Clarington, Ohio, and had a natural gas transmission capacity of 1.8 billion cubic feet per day (BCFD), with its system having a pipeline diameter of 42 inches. As of December 31, 2016, the Company had 13 double-hulled, international-flagged crude oil and product tankers under term charter, with capacities ranging in size from 300,000 to 1,100,000 barrels.

As of December 31, 2016, DCP Midstream owned or operated 61 natural gas processing facilities, with a net processing capacity of approximately 8.0 BCFD. As of December 31, 2016, DCP Midstream's owned or operated natural gas pipeline systems included gathering services for these facilities, as well as natural gas transmission, and totaled approximately 64,000 miles of pipeline. As of December 31, 2016, DCP Midstream also owned or operated 12 NGL fractionation plants, along with natural gas and NGL storage facilities, a propane wholesale marketing business and NGL pipeline assets.

Chemicals

As of December 31, 2016, CPChem owned or had joint-venture interests in 32 global manufacturing facilities and two the United States research and development centers. The Company structures its reporting of CPChem's operations in two primary business segments: Olefins and Polyolefins (O&P) and Specialties, Aromatics and Styrenics (SA&S). The O&P business segment produces and markets ethylene and other olefin products, and the ethylene produced is primarily consumed within CPChem for the production of polyethylene, normal alpha olefins and polyethylene pipe. The SA&S business segment manufactures and markets aromatics and styrenics products, such as benzene, styrene, paraxylene and cyclohexane, as well as polystyrene and styrene-butadiene copolymers. SA&S also manufactures and/or markets a variety of specialty chemical products, including organosulfur chemicals, solvents, catalysts, drilling chemicals and mining chemicals. CPChem and its equity affiliates have manufacturing facilities located in Belgium, China, Colombia, Qatar, Saudi Arabia, Singapore, South Korea and the United States.

Refining

The Bayway Refinery is located on the New York Harbor in Linden, New Jersey. Bayway refining units include a fluid catalytic cracking unit, hydrodesulfurization units, a naphtha reformer, an alkylation unit and other processing equipment. The refinery produces transportation fuels, such as gasoline, diesel and jet fuels, as well as petrochemical feedstocks, residual fuel oil and home heating oil. The Humber Refinery is located on the east coast of England in North Lincolnshire, the United Kingdom. It produces transportation fuels, such as gasoline, diesel and jet fuels. Humber's facilities encompass fluid catalytic cracking, thermal cracking and coking. The Mineraloelraffinerie Oberrhein GmbH (MiRO) Refinery, located on the Rhine River in Karlsruhe in southwest Germany, is a joint venture in which the Company owns interest. Facilities include crude unit trains, fluid catalytic cracking, petroleum coking and calcining, hydrodesulfurization, naphtha reformer, isomerization, ethyl tert-butyl ether and alkylation units.

Marketing and Specialties

In the United States, as of December 31, 2016, the Company marketed gasoline, diesel and aviation fuel through approximately 7,850 marketer-owned or -supplied outlets in 48 states. These sites utilize the Phillips 66, Conoco or 76 brands. In addition to automotive gasoline and diesel, the Company produces and markets jet fuel and aviation gasoline. As of December 31, 2016, aviation gasoline and jet fuel were sold through dealers and independent marketers at approximately 900 Phillips 66-branded locations in the United States. The Company uses the JET brand name to market retail and wholesale products in Austria, Germany and the United Kingdom. In addition, a joint venture in which the Company has an equity interest markets products in Switzerland under the Coop brand name. The Company also markets aviation fuels, LPG, heating oils, transportation fuels, marine bunker fuels, bitumen and fuel coke specialty products to commercial customers and into the bulk or spot markets in the above countries. As of December 31, 2016, the Company had 1,306 marketing outlets in its European operations, of which 969 were company owned and 337 were dealer owned. In addition, through its joint venture operations in Switzerland, the Company had interests in 298 additional sites, as of December 31, 2016.

The Company manufactures and sells a range of specialty products, including petroleum coke products, waxes, solvents and polypropylene. Certain manufacturing operations are included in the Refining segment, while the marketing function for these products is included in the Specialties business. The Company markets graphite and anode-grade petroleum cokes in the United States and Europe for use in a range of industries that include steel, aluminum, titanium dioxide and battery manufacturing. The Company also markets polypropylene in North America under the COPYLENE brand name for use in consumer products, and market specialty solvents that include pentane, iso-pentane, hexane, heptane and odorless mineral spirits for use in the petrochemical, agriculture and consumer markets. The Company owns interest in Excel Paralubes, a joint venture, which owns a hydrocracked lubricant base oil manufacturing plant located adjacent to the Lake Charles Refinery. The Company manufactures and sells automotive, commercial, industrial and specialty lubricants, which are marketed under the Phillips 66, Kendall and Red Line brands, as well as other private label brands.

2331 Citywest Blvd

Peer / Competitor Companies of Integrated oil Companies Sector

Along with Phillips 66, the following other peer (competitor) companies also exist within the same Integrated oil Companies - Energy sector whose company profile and dividend history is as follows:

▶ Alon USA Energy (ALJ): Alon USA Energy, Inc., incorporated on July 20, 2000, is an independent refiner and marketer of petroleum products, operating primarily in the South Central, Southwestern and Western regions of the ....See Detailed Company Profile  and Dividend History.

▶ Alon USA Partners LP (ALDW): Alon USA Partners, LP (Alon), incorporated on August 17, 2012, is engaged principally in the business of operating a crude oil refinery in Big Spring, Texas. The Company had a ....See Detailed Company Profile  and Dividend History.

▶ Baker Hughes (BHGE): Baker Hughes, a GE Company, incorporated on October 28, 2016, is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. ....See

▶ BP PLC (BP): BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field de....See Detailed Company Profile  and Dividend History.

▶ BP Prudhoe Bay Royalty Trust (BPT): BP Prudhoe Bay Royalty Trust operates as a grantor trust in the United States. The company holds overriding royalty interest comprising a non-operational interest in minerals in the Prudhoe Bay oil fi....See Detailed Company Profile  and Dividend History.

▶ Calumet Specialty Products (CLMT): Calumet Specialty Products Partners, L.P., incorporated on September 27, 2005, is a producer of specialty hydrocarbon products in North America. The Company operates through three segments: specialty products, fuel products ....See Detailed Company Profile  and Dividend History.

▶ Chevron (CVX): Chevron Corporation (Chevron), incorporated on January 27, 1926, manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and international subsidiaries ....See Detailed Company Profile  and Dividend History.

▶ China Petroleum and Chemical (SNP): China Petroleum & Chemical Corporation, an energy and chemical company, engages in the oil and gas, and chemical operations and businesses in the People's Republic of China. It operates through five s....See Detailed Company Profile  and Dividend History.

▶ ConocoPhillips (COP): ConocoPhillips, incorporated on November 16, 2001, is an independent exploration and production (E&P) company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas ....See Detailed Company Profile  and Dividend History.

▶ CVR Energy (CVI): CVR Energy, Inc., through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States. The company operates in Petroleum and Nitrogen Fertiliz....See Detailed Company Profile  and Dividend History.

▶ CVR Refining LP (CVRR): CVR Refining, LP, incorporated on September 17, 2012, is an independent downstream energy limited partnership with refining and related logistics assets that operates in the mid-continent region. The Company is ....See Detailed Company Profile  and Dividend History.

▶ Delek US (DK): Delek US Holdings, Inc., incorporated on April 10, 2001, is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and ....See Detailed Company Profile  and Dividend History.

▶ Exxon Mobil (XOM): Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada Other Americas, Europe, Africa, Asia, and Australia Oceania. It operates through Upst....See Detailed Company Profile  and Dividend History.

▶ Gazprom Neft (GZPFY): Gazprom Neft' PAO is a vertically integrated oil company operating in the Russian Federation, Commonwealth of Independent States (CIS) and internationally. The Company's principal activities include exploration, production and development of crude oil and gas, production of refined petroleum products and distribution and marketing operations through its retail outlets. The Company manages its operations in two segments: Upstream and Downstream. ....See Detailed Company Profile  and Dividend History.

▶ Hess Corp. (HES): Hess Corporation, incorporated on February 7, 1920, is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas ....See Detailed Company Profile  and Dividend History.

▶ HollyFrontier (HFC): HollyFrontier Corporation, incorporated on January 25, 1947, is an independent petroleum refiner. The Company produces various light products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, and specialty ....See Detailed Company Profile  and Dividend History.

▶ Imperial Oil (IMO): Imperial Oil Limited explores for, produces, and sells crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream, and Chemical. The Upstream segment explor....See Detailed Company Profile  and Dividend History.

▶ Marathon Petroleum (MPC): Marathon Petroleum Corporation, incorporated on November 9, 2009, is engaged in petroleum product refining, marketing, retail and transportation businesses in the United States and the east of the Mississippi. The ....See Detailed Company Profile  and Dividend History.

▶ PBF Energy (PBF): PBF Energy Inc. (PBF Energy), incorporated on November 7, 2011, is a holding company. The Company is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical ....See Detailed Company Profile  and Dividend History.

▶ Statoil ASA (STO): Statoil ASA (Statoil), incorporated on March 12, 1995, is an energy company. The Company is engaged in oil and gas exploration and production activities. The Companys segments include Development and ....See Detailed Company Profile  and Dividend History.

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