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About Phillips 66

​Providing Energy. Improving Lives.

We are excited about the future of energy. Our advantaged and nimble company is full of seasoned leadership and talented teams making responsible choices to adapt and explore the opportunities the changing market brings.

We do this while living out our values of safety, honor and commitment; improving lives by providing access to the energy which is essential to a high standard of living and health throughout the world.

Our employees, suppliers and partners share this vision to provide energy and improve lives. Our hard work, and team work, keeps energy flowing. We do the work that makes the world work.

Vision and Values

Our vision is to provide energy and improve lives, and we back that up with core company values of safety, honor and commitment.

Phillips 66 Brand Narrative

 

 

Strategy

We deliver on our vision through consistently executing the strategies proven to drive shareholder value since our start in 2012.

By maintaining strong operating excellence, we are committed to safety, reliability and environmental stewardship while protecting shareholder value.

We are enhancing our portfolio by capturing growth opportunities in Midstream and Chemicals.

A disciplined capital allocation process ensures that we maximize earnings from existing assets and invest capital efficiently.

We are committed to financial strength, disciplined capital allocation, dividend growth and share repurchases.

Our employees are dedicated to building capability, pursuing excellence and doing the right thing.

Our Businesses

Refining

Our 13 refineries in the United States and Europe process crude oil and other feedstocks and focus on operating excellence, optimization, safety and increasing margins. The business has a global refining capacity of 2.2 million barrels of crude oil per day.

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Midstream

Whether it’s transporting and storing NGL, crude oil, feedstocks or refined and specialty products, or fractionating NGLs, our Midstream business is essential to the value chain.

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Marketing

In the United States, we market gasoline, diesel and aviation fuel through approximately 7,540 independently owned outlets in 48 states. The sites feature the Phillips 66, Conoco or 76 brands.

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Chemicals

The Chemicals segment consists of our 50 percent equity investment in CPChem, which is headquartered in The Woodlands, Texas. CPChem owns or has joint venture interests in nearly 30 global manufacturing facilities and two U.S. research and development centers.

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Our Energy

We may be known for our by-the-gallon energy but we create all kinds of energy, helping to advance sustainable communities, provide energy and improve lives.

Our Energy
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Energy Research & Innovation

From the laboratory to pilot plants, in-house research and development at Phillips 66 drives new ideas toward commercialization. Energy Research & Innovation evaluates opportunities and finds technical solutions to the challenges facing our industry. Our researchers' inspirations create avenues for future growth and help existing businesses reduce costs through improved processes.

Learn more about research and innovation

 

 

History

Our history dates to 1875 through our many predecessor-in-interest companies, including Conoco Inc. and Phillips Petroleum Company (PPCo). These two companies had successful businesses before merging in 2002 to form ConocoPhillips. In 2012, ConocoPhillips separated into two stand-alone publicly traded companies, one of which is Phillips 66. Our company comprises a number of heritage, joint venture and acquired brands.