PSX
- Phillips 66
()
Overview
Company Summary
Phillips 66 (PSX) is a diversified energy manufacturing and logistics company based in the United States. The company operates across various segments of the energy industry, including refining, chemicals, marketing, and midstream operations.
One of the primary activities of Phillips 66 is refining crude oil into various petroleum products. They have a strong presence in refining, with 13 refineries located strategically across the United States. These refineries process crude oil to produce gasoline, diesel, jet fuel, petrochemicals, and other refined products.
Additionally, Phillips 66 is involved in the production and marketing of petrochemicals. They are engaged in manufacturing and selling chemicals like styrene, benzene, and cyclohexane, which are used in a range of applications, including plastics, resins, and synthetic fibers.
The marketing and specialties segment of Phillips 66 focuses on selling refined products. They operate a network of branded retail outlets and commercial fueling locations under the Phillips 66, Conoco, and 76 brands. Their marketing activities involve supplying fuel to individual consumers, businesses, and transportation fleets.
Another key function of Phillips 66 is its midstream operations. This segment involves transporting, storing, and marketing crude oil, petroleum products, and natural gas liquids. Through their extensive pipelines, terminals, and storage facilities, they provide efficient and reliable transportation and storage solutions for these energy products.
Overall, Phillips 66 operates along the entire value chain of the energy industry, from refining crude oil to marketing refined products and chemicals, and providing midstream logistical solutions. The company's diversified portfolio and presence in multiple sectors of the energy market enable it to navigate various market conditions and capture opportunities for growth and profitability.