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What is Phillips 66?
The Phillips 66 is an American global manufacturing company of Energy and logistic services. It is a publicly owned company, engaged in the production and distribution of natural gas liquids, refined oil, chemicals and oil refining. The Phillips 66 has its corporate office located in Westchase, Houston, Texas, United States.
Phillips 66 History
The Phillips 66 was established on 13th of June 1917 in Bartlesville province of Oklahoma under Phillips Petroleum Co. It was started by the joint efforts of L.E. Phillips and Frank Phillips. With the growth in business, on 19th of November 1927, the company opened its first service station in Witchita Kansas. The company commenced operations in the field of motor oil in 1954. Later, the Phillips 66 opened a gasoline station in Canada in 1970. The company conjoins with Conoco and formed ConocoPhillips in 2002. The Phillips 66 spun off from ConocoPhillips in 2012 since it operates as an independent energy and petrochemical company.
Product and Services of Phillips 66
The Phillips 66 regulates a large number of divisions through which it provides several products such as natural gas, petrochemicals, aviation fuels, motor fuels, lubricants, polystyrene, copolymers, drilling chemicals, solvents, refines crude oil, distillates, fractionates, aromatics products, mining chemicals, natural gas, feedstock, plastics and other compounds. Further, the company offers services of oil refining and other services through its service stations.
Strength and Operational Network
Since 1st of May 2012, the company listed on New York Stock Exchange under the ticker PSX. According to 2013 records, the company had earnings of approximately US$ 171.59 billion and had more than 12,400 employees. The Phillips 66 mainly operations are centralized in the regions of Oregon, Louisiana, California and Oklahoma. The company serves products to the millions of customers throughout the nation as well as internationally.