PSX 📈 Phillips 66 - Overview

Phillips 66 is a multifaceted energy company with a diverse portfolio of operations spanning the United States, the United Kingdom, Germany, and other international locations. The company's business is organized into four distinct segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment is responsible for the transportation of crude oil and other feedstocks, as well as the delivery of refined petroleum products to market. This segment also provides a range of services including terminaling and storage for crude oil and refined products, natural gas liquids transportation, storage, fractionation, export, and marketing, in addition to other fee-based processing services. Furthermore, the Midstream segment gathers, processes, transports, and markets natural gas, highlighting the company's extensive capabilities in this area.

The Chemicals segment is another key component of Phillips 66's operations, focusing on the production and marketing of a variety of chemical products. These include ethylene and other olefin products, aromatics and styrenics such as benzene, cyclohexane, styrene, and polystyrene, as well as specialty chemical products like organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining operations. This segment underscores the company's commitment to providing a broad range of chemical solutions to its customers. The Refining segment, on the other hand, is centered on refining crude oil and other feedstocks into a range of petroleum products, including gasolines, distillates, aviation fuels, and renewable energy sources.

The Marketing and Specialties (M&S) segment plays a critical role in the company's operations, as it is responsible for purchasing refined petroleum products for resale and marketing them to customers. This segment also manufactures and markets specialty products, such as base oils and lubricants, which are essential for various industrial applications. With a history dating back to 1875, Phillips 66 has established itself as a major player in the energy industry, with its headquarters located in Houston, Texas. The company's web presence can be found at https://www.phillips66.com, and its common stock is traded under the ISIN US7185461040, classified under the GICS Sub Industry: Oil & Gas Refining & Marketing.