Phillips 66 (PSX)

Frequently Asked Questions About Phillips 66 (PSX)

Does Phillips 66 engage in renewable energy?

Phillips 66 is increasingly investing in renewable energy opportunities, including biofuels and other renewable products. The company is exploring innovations in sustainable energy solutions to complement its traditional fossil fuel operations and reduce its carbon footprint.

How does Phillips 66 focus on sustainability?

Phillips 66 is committed to sustainable practices that include reducing greenhouse gas emissions, promoting energy efficiency, and responsibly managing natural resources. The company also engages in community stewardship programs, environmental initiatives, and responsible supply chain management.

How does Phillips 66 manage its workforce?

Phillips 66 prides itself on fostering a diverse and inclusive workplace environment. The company invests in employee development through training programs and career advancement opportunities, aiming to cultivate a culture of collaboration, respect, and achievement.

How does Phillips 66 prioritize safety?

Safety is a core value at Phillips 66, and the company implements rigorous safety programs, employee training, and hazard reduction strategies to minimize risks in its operations. It strives to create a workplace where the health and safety of employees, contractors, and communities are paramount.

How does Phillips 66 respond to market volatility?

Phillips 66 employs risk management strategies to navigate market volatility, including diversification of its product lines, geographic presence, and supply chain flexibility. This approach helps the company maintain resilience during fluctuating market conditions and global energy demands.

How many refineries does Phillips 66 operate?

Phillips 66 operates 13 refineries located across the United States, with a combined capacity of more than 2 million barrels per day. These refineries are strategically situated to service diverse markets and ensure efficient distribution of refined products.

What are the primary products of Phillips 66?

Phillips 66 produces a variety of petroleum products including gasoline, diesel, jet fuel, asphalt, and petrochemicals. The company also markets specialty products such as lubricants and solvents, catering to various sectors in transportation and industrial markets.

What does Phillips 66 do?

Phillips 66 is a diversified energy manufacturing and logistics company. It engages in refining, transporting, and marketing petroleum products, as well as manufacturing petrochemicals. The company operates in four main segments: refining, midstream, chemicals, and marketing and specialties.

What initiatives does Phillips 66 support in local communities?

Phillips 66 engages in various community investment initiatives focusing on education, environmental stewardship, and safety. The company supports programs, nonprofits, and partnerships that enhance the quality of life in the communities where it operates.

What is Phillips 66's approach to corporate governance?

Phillips 66 adheres to stringent corporate governance standards, ensuring transparency and accountability for its stakeholders. The company’s board of directors leads in ethical practices, risk management, and compliance with legal obligations, supporting long-term value creation.

What is Phillips 66's stance on innovation?

Innovation is a key driver at Phillips 66, as the company seeks to transform its operations and adapt to the evolving energy landscape. It initiates research and development projects aimed at enhancing refining processes, cleaner energy solutions, and improving overall efficiency.

What is the 'midstream' segment of Phillips 66?

The midstream segment of Phillips 66 encompasses the transport and storage of crude oil, natural gas, and refined products. This includes pipelines, terminal facilities, and processing centers that play a crucial role in moving resources efficiently from production sites to consumers.

What is the Phillips 66 Chemical segment?

The Chemicals segment of Phillips 66 focuses on the production of petrochemicals and plastic products. It operates manufacturing facilities that produce essential materials such as ethylene, propylene, and polyethylene, serving various industries and customers worldwide.

What is the significance of the Phillips 66 logo?

The Phillips 66 logo is a recognizable brand symbol that reflects the company’s heritage and heritage in the energy sector. The logo features an oval shape with bold lettering, representing strength, reliability, and the company's commitment to providing high-quality energy products.

What role does technology play at Phillips 66?

Technology is central to Phillips 66's operations, enabling improved efficiency, safety, and environmental performance. The company invests in advanced technologies for refining, monitoring operations, and optimizing processes, including digitalization initiatives that enhance decision-making.

When was Phillips 66 founded?

Phillips 66 was founded in 2012 as a spin-off of ConocoPhillips, which was originally established in 1875. The spinoff allowed Phillips 66 to focus specifically on the refining and marketing of petroleum products, as well as broaden its operations in midstream and chemicals.

Where is Phillips 66 headquartered?

Phillips 66 is headquartered in Houston, Texas. The location places the company at the heart of the oil and gas industry, facilitating strong connections within the energy sector as well as with transportation and logistics networks.

Who are Phillips 66's competitors?

Phillips 66 faces competition from major integrated oil and gas companies like ExxonMobil, Chevron, and BP, as well as from independent refiners and emerging renewable energy firms. The competitive landscape pushes the company to innovate and optimize its operations.

What is the current price of Phillips 66?

The current price of Phillips 66 is 124.06

When was Phillips 66 last traded?

The last trade of Phillips 66 was at 7:00 pm EDT on April 2nd, 2025

What is the market capitalization of Phillips 66?

The market capitalization of Phillips 66 is 54.34B

How many shares of Phillips 66 are outstanding?

Phillips 66 has 437.99M shares outstanding.