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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’s business is organized into four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). Midstream segment The Midstream segment gathers, processes, transports and markets natural gas; and transports, fractionates and markets natural gas liquids (NGL) in the United States. In addition, this segment transports crude oil and other feedstocks to its refineries and other locations, delivers refined and specialty products to market, and provides storage services for crude oil and petroleum products. The Midstream segment includes, among other businesses, its 50 percent equity investment in DCP Midstream, LLC (DCP Midstream) and its investment in Phillips 66 Partners LP. The Midstream segment consists of three business lines: Transportation, DCP Midstream, and NGL. Transportation The company owns or leases various assets to provide strategic and timely delivery and storage 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; and railcars and trucks. Pipelines and Terminals: As of December 31, 2014, the 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, 15 crude oil terminals and 1 petroleum coke exporting facility. In 2014, the company acquired a 7.1 million-barrel-storage-capacity crude oil and petroleum products terminal located near Beaumont, Texas (Beaumont Terminal), and purchased an additional 5.7 percent interest in Explorer Pipeline Company, which transports refined petroleum products. The Beaumont Terminal provides deep-water access and multiple interconnections with major crude oil and refined product pipelines serving 3.6 million barrels per day of refining capacity. The terminal has: 4.7 million barrels of crude oil storage capacity and 2.4 million barrels of refined product storage capacity; two marine docks capable of handling Aframax tankers and one barge dock; and rail and truck loading and unloading facilities. Rockies Express Pipeline LLC (REX) The company has a 25 percent interest in REX. The REX natural gas pipeline runs 1,698 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. Phillips 66 Partners LP In 2013, the company formed Phillips 66 Partners LP, a master limited partnership (MLP), to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and NGL pipelines and terminals, as well as other transportation and midstream assets. As of December 31, 2014, the company owned a 73 percent limited partner interest and a 2 percent general partner interest in Phillips 66 Partners LP. Phillips 66 Partners LP’s assets consist of crude oil and refined petroleum product pipeline, terminal, rail rack and storage systems in the Central, Gulf Coast, Atlantic Basin and Western regions of the United States. Marine Vessels As of December 31, 2014, the company had 13 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 two Jones Act compliant tankers and 59 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 the company’s feedstock

 

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