Phillips 66 is a diversified energy company with operations spanning four core business segments: Midstream, Chemicals, Refining, and Marketing & Specialties (M&S). Its Midstream division is responsible for the transportation, storage, and initial processing of crude oil, natural gas, and natural gas liquids (NGLs). This includes moving feedstocks, delivering refined products, providing terminal and storage facilities, and offering fee-based processing services. The Chemicals segment focuses on the production and global marketing of a wide array of petrochemicals. This encompasses olefins like ethylene, aromatics such as benzene and styrene, and various specialty chemicals used in industrial applications, including solvents, catalysts, and materials for drilling and mining. Through its Refining segment, Phillips 66 converts crude oil and other raw materials into a range of petroleum products, including gasoline, diesel, aviation fuels, and renewable fuels. These refining activities take place at 12 facilities across the United States and Europe. The Marketing & Specialties (M&S) segment handles the distribution and sale of refined petroleum products, such as gasoline, diesel, and aviation fuels, primarily across North America and Europe. Additionally, this segment manufactures and markets specialized products like base oils and lubricants. Established in 1875, the company maintains its headquarters in Houston, Texas.
