Phillips 66 (NYSE: PSX) is a diversified energy manufacturing and logistics company with operations spanning refining, midstream, chemicals and marketing. The company was formed in 2012 when ConocoPhillips separated its downstream assets to create a stand-alone entity focused on refining crude oil into a wide range of products and safely transporting energy commodities to markets around the world.
In its refining segment, Phillips 66 processes various grades of crude oil to produce gasoline, diesel, jet fuel, heating oil and specialty products such as lubricants and solvents. The midstream business provides gathering, processing, transportation and storage services for natural gas, crude oil and refined products. Through its chemicals arm, the company manufactures petrochemical feedstocks including ethylene, propylene and aromatics, which serve as building blocks for plastics, synthetic fibers and other industrial materials.
Phillips 66 operates an extensive network of refineries, pipelines, terminals and storage facilities across North America, Europe and Asia. Its marketing and specialties division sells fuels and lubricants under well-recognized brands to retail, commercial and industrial customers, while its logistics infrastructure ensures reliable delivery to airports, truck stops and fueling stations. The company’s integrated model allows for optimization of feedstock sourcing, production and product distribution to meet regional demand dynamics.
Headquartered in Houston, Texas, Phillips 66 is led by President and Chief Executive Officer Gregory G. Garland, whose industry experience spans more than three decades. Under his leadership, the company has emphasized operational excellence, safety and sustainability, investing in infrastructure upgrades, emissions reduction initiatives and renewable energy projects. With a legacy rooted in early 20th-century petroleum exploration, Phillips 66 continues to evolve its portfolio to address changing energy markets and customer needs.
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