Our Businesses

Midstream

Gathers, processes,transports and markets natural gas and natural gas liquids in the United States. This segment also transports crude oil and other feedstocks to our refineries and other locations; delivers refined and specialty products to market; and provides storage services for crude oil and petroleum products. The Midstream segment includes our investment in Phillips 66 Partners LP and our 50 percent equity investment in DCP Midstream, LLC.
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Refining

Refines crude oil and other feedstocks at 14 refineries in the United States and Europe, and focuses on operating excellence,optimization, yield improvement and increasing margins. The business has a global refining capacity of 2.2 million barrels of crude per day.
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Chemicals

Manufactures and markets petrochemicals and plastics worldwide. The segment consists of a 50 percent equity investment in Chevron Phillips Chemical Company LLC (CPChem). CPChem has advanced, proprietary product and process technologies; global marketing reach; cost-advantaged assets concentrated in resource-rich North America and the Middle East; and expertise in executing very large projects.
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Marketing & Specialties

Markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. In the U.S., fuel is distributed under the Phillips 66, Conoco and 76 brands. In Europe, we distribute through Jet and COOP branded outlets. The segment includes the manufacturing and marketing of finished lubricants and specialty products as well as power generation operations.
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