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Last $78.68 USD
Change Today -0.82 / -1.03%
Volume 4.1M
PSX On Other Exchanges
Symbol
Exchange
New York
Stuttgart
As of 8:04 PM 08/3/15 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:

and distribution operations. Rail movements are provided via a fleet of approximately 11,400 owned and leased 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. As of December 31, 2014, DCP Midstream owned or operated 64 natural gas processing facilities, with a net processing capacity of approximately 7.8 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 67,900 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 2014, DCP Midstream gathered, processed and/or transported an average of 7.3 trillion British thermal units (TBTU) per day of natural gas, and produced approximately 454,000 barrels per day of NGL, compared with 7.1 TBTU per day and 426,000 barrels per day in 2013. NGL The company’s NGL business includes the following: a 22.5 percent equity interest in Gulf Coast Fractionators, which owns an NGL fractionation plant in Mont Belvieu, Texas. The company operates the facility, and its net share of capacity is 32,625 barrels per day; A 12.5 percent equity interest in a fractionation plant in Mont Belvieu, Texas and its net share of capacity is 26,000 barrels per day; A 40 percent interest in a fractionation plant in Conway, Kansas and its net share of capacity is 43,200 barrels per day; and A one-third direct interest in both the DCP Sand Hills and DCP Southern Hills pipeline entities, connecting Eagle Ford, Permian and Midcontinent production to the Mont Belvieu, Texas, market. To support these facilities, the company is also installing significant infrastructure, including connectivity to three NGL supply pipelines, a new salt dome storage facility with an initial 6 million barrels of underground storage (expandable to 32 million barrels) and a 180,000 barrel-per-day, bi-directional pipeline connecting Sweeny to the Mont Belvieu market center. Chemicals segment This segment manufactures and markets petrochemicals and plastics on a worldwide basis. The Chemicals segment consists of a 50 percent equity investment in Chevron Phillips Chemical Company LLC (CPChem). In 2014, CPChem owned or had joint-venture interests in 34 manufacturing facilities and 2 research and development centers worldwide. CPChem’s business is structured around two segments: Olefins and Polyolefins (O&P) and Specialties, Aromatics and Styrenics (SA&S). The O&P segment produces and markets ethylene and other olefin products. The ethylene produced is primarily consumed within CPChem for the production of polyethylene, normal alpha olefins and polyethylene pipe. The SA&S segment manufactures and markets aromatics products, such as benzene, styrene, paraxylene and cyclohexane, as well as polystyrene and styrene-butadiene copolymers. SA&S also manufactures and/or markets various specialty chemical products, including organosulfur chemicals, solvents, catalysts, drilling chemicals and mining chemicals. The manufacturing of petrochemicals and plastics involves the conversion of hydrocarbon-based raw material feedstock into higher-value products, often through a thermal process referred to in the industry as ‘cracking’. Saudi Polymers Company (SPCo), a 35-percent-owned joint venture company of CPChem, owns an integrated petrochemicals complex adjacent to S-Chem (two 50/50 SA&S joint ventures) at Jubail Industrial City, Saudi Arabia. SPCo produces ethylene, propylene, polyethylene, polypropylene, polystyrene and 1-hexene. The company’s agreement with Chevron U.S.A. Inc. (Chevron), an indirect, wholly owned subsidiary of Chevron Corporation, regarding CPChem permits the Chevron to buy its 50 percent interest in CPChem. Refining segment The Refining segment buys,

 

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