Top Executives Host “Getting to Know DCP Midstream” Presentation

  Top Executives Host “Getting to Know DCP Midstream” Presentation

Business Wire

HOUSTON -- September 27, 2012

Management of Phillips 66 (NYSE: PSX), Spectra Energy (NYSE: SE), DCP
Midstream and DCP Midstream Partners (NYSE: DPM) will host a “Getting to Know
DCP Midstream” presentation for investors and securities analysts on Thursday,
Oct. 11 at 3:00 p.m. ET. The event will provide an overview of DCP Midstream,
a joint venture between Phillips 66 and Spectra Energy. DCP Midstream is the
largest natural gas liquids producer and second-largest natural gas gatherer
and processor in the United States.

The webcast will include remarks from several company leaders, including the
following executives:

  *Tom O’Connor, chairman and chief executive officer, DCP Midstream, and
    chairman, DCP Midstream Partners
  *Greg Maxwell, executive vice president and chief financial officer,
    Phillips 66
  *Pat Reddy, chief financial officer, Spectra Energy

To view the webcast, click here or visit the investor sections of each
company’s website. You should begin the registration process at least 15-20
minutes prior to the start of the webcast. A replay of the webcast will be
archived on the companies’ investor sites the following day, and a transcript
will be available at a later date.

About Phillips 66

Headquartered in Houston, Phillips 66 is an advantaged downstream energy
company with segment-leading Refining and Marketing (R&M), Midstream and
Chemicals businesses. The company has approximately 14,000 employees
worldwide. Phillips 66’s R&M operations include 15 refineries with a net crude
oil capacity of 2.2 million barrels per day, 10,000 branded marketing outlets,
and 15,000 miles of pipeline systems. In Midstream, the company primarily
conducts operations through its 50 percent interest in DCP Midstream LLC, one
of the largest natural gas gatherers and processors in the United States, with
7.2 billion cubic feet per day of gross natural gas processing capacity.
Phillips 66’s Chemicals business is conducted through its 50 percent interest
in Chevron Phillips Chemical Company LLC, one of the world’s top producers of
olefins and polyolefins with more than 30 billion pounds of net annual
chemicals processing capacity across its product lines. For more information,
visit www.phillips66.com or follow us on Twitter  @Phillips66Co.

About Spectra Energy

Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North
America's premier natural gas infrastructure companies serving three key links
in the natural gas value chain: gathering and processing, transmission and
storage, and distribution. For more than a century, Spectra Energy and its
predecessor companies have developed critically important pipelines and
related infrastructure connecting natural gas supply sources to premium
markets. Based in Houston, Texas, the company’s operations in the United
States and Canada include more than 19,000 miles of transmission pipeline,
approximately 305 billion cubic feet of storage, as well as natural gas
gathering and processing, natural gas liquids and local distribution
operations. The company also has a 50 percent ownership in DCP Midstream, one
of the largest natural gas gatherers and processors in the United States.
Spectra Energy is a member of the Dow Jones Sustainability World and North
America Indexes and the Carbon Disclosure Project's Global 500 and S&P 500
Carbon Disclosure Leadership Indexes. For more information, visit
www.spectraenergy.com.

About DCP Midstream

DCP Midstream LLC, with headquarters in Denver, leads the midstream segment as
the second-largest natural gas gatherer and processor, the largest natural gas
liquids producer and one of the largest marketers in the United States. DCP
Midstream operates in 18 states across major producing regions. DCP Midstream
is a 50:50 joint venture between Spectra Energy Corp and Phillips 66. The
company owns the general partner of DCP Midstream Partners LP, a master
limited partnership, and provides operational and administrative support to
the partnership. DCP Midstream is the largest oil and gas company, the largest
private company and one of the “Best Places to Work” in Denver as ranked by
the Denver Business Journal. For more information, visit the DCP Midstream
website at www.dcpmidstream.com.

About DCP Midstream Partners

DCP Midstream Partners, LP (NYSE: DPM) is a midstream master limited
partnership engaged in the business of gathering, compressing, treating,
processing, transporting, storing and selling natural gas; producing,
fractionating, transporting, storing and selling NGLs and condensate; and
transporting, storing and selling propane in wholesale markets. DCP Midstream
Partners, LP is managed by its general partner, DCP Midstream GP, LLC, which
is wholly owned by DCP Midstream LLC, a joint venture between Spectra Energy
Corp and Phillips 66. For more information, visit the DCP Midstream Partners,
LP website at www.dcppartners.com.

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Contact:

Phillips 66
Alissa Hicks (media), 832-765-1014
alissa.k.hicks@p66.com
Rosy Zuklic (investors), 832-765-2297
rosy.zuklic@p66.com
or
Spectra Energy
Wendy Olson (media), 713-627-4072
24-hour: 713-627-4747
John Arensdorf (investors), 713-627-4600
or
DCP Midstream and DCP Midstream Partners
Lisa Newkirk (media), 303-605-1837
24-Hour: 303-829-1953
Jonni Anwar (investors), 303-605-1868
24-Hour: 303-887-5419
 
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