Last $86.09 USD
Change Today -0.15 / -0.17%
Volume 1.6M
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Stuttgart
As of 8:04 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

3010 Briarpark Drive

Houston, TX 77042

United States

Phone: 281-293-6600

Fax:

Phillips 66 operates as an energy manufacturing and logistics company. Segments The company operates in four segments: Midstream, Chemicals, Refining, Marketing and Specialties. Midstream segment The Midstream segment consists of two primary business lines: Transportation - transports crude oil and other feedstocks to its refineries and other locations and delivers refined and specialty products to market. The operations of its master limited partnership, Phillips 66 Partners LP, are included in this business line. Natural gas and natural gas liquids (NGLs) - gathers, processes, transports and markets natural gas, and transports, fractionates and markets natural gas liquids. The company’s investment in DCP Midstream is included in this business line. Transportation The company owns or leases various assets to provide environmentally safe, strategic and timely delivery of crude oil, refined products, natural gas and NGL. These assets include pipeline systems; petroleum product, crude oil and liquefied petroleum gas (LPG) terminals; a petroleum coke handling facility; marine vessels; railcars and trucks. Pipelines and Terminals As of December 31, 2013, its Transportation business managed approximately 18,000 miles of crude oil, natural gas, NGL and petroleum products pipeline systems in the United States, including those partially owned or operated by affiliates. The company owned or operated 39 finished product terminals, 37 storage locations, 5 LPG terminals, 14 crude oil terminals and 1 petroleum coke exporting facility. Rockies Express Pipeline LLC (REX) The company has a 25 percent interest in REX. The REX natural gas pipeline runs 1,679 miles from Meeker, Colorado, to Clarington, Ohio, and has a natural gas transmission capacity of 1.8 billion cubic feet per day (BCFD), with most of its system having a pipeline diameter of 42 inches. The REX pipeline is designed to enable natural gas producers in the Rocky Mountain region to deliver natural gas supplies to the Midwest and eastern regions of the United States. Marine Vessels: As of December 31, 2013, the company had 14 double-hulled international-flagged crude oil and product tankers under term charter, with capacities ranging in size from 300,000 to 1,100,000 barrels. Additionally, the company had under term charter 2 Jones Act compliant tankers and 53 barges. These vessels are used primarily to transport feedstocks or provide product transportation for certain of its refineries, including delivery of domestic crude oil to its Gulf Coast and East Coast refineries. Truck and Rail Truck and rail operations support its U.S. refinery and specialty operations. Rail movements are provided via a diverse fleet of approximately 10,000 owned and leased railcars. In 2012, the company entered into an operating lease covering 2,000 newly constructed railcars. Truck movements are provided through approximately 150 third-party truck companies, as well as through Sentinel Transportation LLC, in which the company holds an equity interest. DCP Midstream The Midstream segment includes its 50 percent equity investment in DCP Midstream, which is headquartered in Denver, Colorado. As of December 31, 2013, DCP Midstream owned or operated 64 natural gas processing facilities, with a net processing capacity of approximately 7.5 billion cubic feet per day (BCFD). DCP Midstream's owned or operated natural gas pipeline systems included gathering services for these facilities, as well as natural gas transmission, and totaled approximately 67,000 miles of pipeline. DCP Midstream also owned or operated 12 NGL fractionation plants, along with natural gas and NGL storage facilities, a propane wholesale marketing business and NGL pipeline assets. In 2013, DCP Midstream gathered, processed and/or transported an average of 7.1 trillion British thermal units (TBTU) per day of natural gas, and produced approximately 426,000 barrels per day of NGL. NGL Operations and Other The company’s NGL and Other business includes the following: A 22.5 percent equity interest in Gulf Coast Fractionators, which owns an NGL fractionation plant in Mont Belvieu

 

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