Phillips 66: Difference between revisions
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The company has a presence in the US, Europe, Asia, the Middle East, and Africa and it is headquartered in the bayou city of Houston, Texas. The company currently operates 11 facilities in the US, making it "an essential" supplier of refined products with the capacity to refine 2.2 million barrels of oil per day in both the U.S. and Europe. | The company has a presence in the US, Europe, Asia, the Middle East, and Africa and it is headquartered in the bayou city of Houston, Texas. The company currently operates 11 facilities in the US, making it "an essential" supplier of refined products with the capacity to refine 2.2 million barrels of oil per day in both the U.S. and Europe. | ||
=== | ===Curious fact=== | ||
Even though Phillips 66 doesn't only do refining, the company categorizes itself as such since | Even though Phillips 66 doesn't only do refining, the company categorizes itself as such since refining has been the company's biggest moneymaker. <ref>https://www.fool.com/investing/2017/04/06/how-phillips-66-makes-most-of-its-money.aspx</ref> | ||
==Background== | ==Background== | ||
The current version of Phillips 66 started in 2012 when oil giant ConocoPhillips spun it off. Its predecessor, though, dates back to 1875 when Isaav Blake started the Continental Oil and Transportation Co to sell kerosene in San Francisco, CA. Eventually, Conoco merged with Phillips in 2002. Phillips Petroleum Company got its start in 1917 in Oklahoma. | The current version of Phillips 66 started in 2012 when oil giant ConocoPhillips spun it off. Its predecessor, though, dates back to 1875 when Isaav Blake started the Continental Oil and Transportation Co to sell kerosene in San Francisco, CA. Eventually, Conoco merged with Phillips in 2002. Phillips Petroleum Company got its start in 1917 in Oklahoma. | ||
Revision as of 02:49, 3 February 2023
With a long history of violating the Clean Air Act and recently acquiring DCP Midstream, another fossil gas producer with a history of environmental violations for $3.8 billion. Phillips 66 prides itself on being recognized as one of the main crude oil and refineries companies in both the US and Europe. It gathers, processes, transports, stores, and markets fossil gas liquids (NGLs). It also manufactures petrochemicals, and plastics and markets lubricants under the brands Phillips 66, Kendall, and Redline brands.
The company has a presence in the US, Europe, Asia, the Middle East, and Africa and it is headquartered in the bayou city of Houston, Texas. The company currently operates 11 facilities in the US, making it "an essential" supplier of refined products with the capacity to refine 2.2 million barrels of oil per day in both the U.S. and Europe.
Curious fact
Even though Phillips 66 doesn't only do refining, the company categorizes itself as such since refining has been the company's biggest moneymaker. [1]
Background
The current version of Phillips 66 started in 2012 when oil giant ConocoPhillips spun it off. Its predecessor, though, dates back to 1875 when Isaav Blake started the Continental Oil and Transportation Co to sell kerosene in San Francisco, CA. Eventually, Conoco merged with Phillips in 2002. Phillips Petroleum Company got its start in 1917 in Oklahoma.