About the Company
Headquartered in Houston, Texas, Phillips 66 is a multinational energy company. As of 2020, it has more than 14,500 employees working across 30 operations in four countries, namely Canada, the United States of America, Singapore and the United Kingdom. Some of these office locations are Billings, Houston, Bartlesville, Richmond, Denver, Carson, Rodeo, Ponca City, Los Angles, Oklahoma City, Midland, Portland, London, South Killingholme, etc.
It offers products under six segments, namely fuels, asphalt, lubricants, crude oil, specialities and aviation. It provides five products under “specialities”; these are sulfur, solvents, speciality coke, polypropylene, and fuel coke. Phillips 66 has a worldwide refining capacity of approximately 2.2 million barrels of crude oil daily. The company entered the Standard and Poor’s 500 index on 1st May 2012, and on that very day, it started to trade on the New York Stock Exchange under the ticker symbol PSX. 2012 was also the year when it entered the Fortune 500 list, and as of 2020, it ranks 27th in that list as well as 61st in Fortune’s Global 500 list. The company managed to acquire a place in three of Forbes’ 2020 lists, namely Global 2000, Best Employers for Diversity and World’s Best Employers.
On 13th June 1917, Frank and Lee Eldas Phillips incorporated the Phillips Petroleum Co. in Bartlesville, Oklahoma. Over the next few years, the company became extensively involved in developing the natural gas industry. It then began to specialise in extracting liquid natural gas and became the largest producer of such products by 1925. The name “Phillips 66” for the gasoline came into being after the car testing the fuel clocked 66 miles per hour on the US Route 66 and its specific gravity was 66.
Over the next few years, the company underwent several mergers with companies like Chevron Corporation, Conco, etc. It also acquired companies like ARCO Alaska Inc., Tosco, General American Oil Company, etc. Finally, in 2012 Phillips 66 spun off from its main branch and started to operate independently. It owns several refineries, such as Wood River Refinery, Borger Refinery, San Francisco Refinery, Sweeny Refinery, Lake Charles Refinery, Los Angeles Refinery, Humber Refinery, etc.;
Organisation | Phillips 66 |
Industry | Oil & Gas Refining & Marketing |
HeadQuarters | Houston, TX |