2018 Annual Report

Our Businesses

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, Texas, Phillips 66 has 14,200 employees committed to safety and operating excellence.

Midstream

Midstream

21,000 miles of pipeline systems

Our Midstream segment provides crude oil and refined product transportation, terminaling and processing services, as well as natural gas liquids (NGL) and liquefied petroleum gas (LPG) transportation, storage, processing and marketing services, mainly in the United States. This segment includes our master limited partnership, Phillips 66 Partners, as well as our 50 percent equity investment in DCP Midstream, LLC.

Refining

Refining

2.2 million barrels per day (BPD) of crude throughput capacity

Our Refining segment refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels at 13 refineries in the United States and Europe. Our Refining business focuses on operating excellence and margin enhancement.

Chemicals

Chemicals

16 North American facilities
5 Middle East facilities

The Chemicals segment consists of our 50 percent joint venture interest in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics worldwide. CPChem has costadvantaged assets concentrated in North America and the Middle East.

Marketing and Specialties

Marketing and Specialties

7,520 branded U.S. outlets
1,630 branded international outlets

Our Marketing and Specialties segment markets refined petroleum products such as gasoline, distillates and aviation fuels, mainly in the United States and Europe. The segment also includes the manufacturing and marketing of specialty products such as base oils and lubricants.