# Phillips 66

> Phillips 66 manufactures, transports and markets fuels and other energy products through refining, midstream infrastructure, marketing, renewable fuels and its half-owned Chevron Phillips Chemical venture. Independent since its 2012 separation from ConocoPhillips, the Houston company serves energy producers, fuel distributors, industrial buyers and motorists across international markets.

- **Founded:** 2012
- **Headquarters:** Houston, United States
- **Founders:** ConocoPhillips (Parent company that separated its downstream businesses into Phillips 66 in 2012), Frank Phillips (Co-founder of predecessor Phillips Petroleum Company in 1917), L. E. Phillips (Co-founder of predecessor Phillips Petroleum Company in 1917)
- **Products:** Refined transportation fuels, Midstream logistics, Rodeo renewable fuels, Chevron Phillips Chemical products, Lubricants and specialties
- **Notable:** Became a standalone publicly traded company on May 1, 2012., Rodeo reached approximately 50,000 barrels per day of renewable-feedstock processing capacity rates in the second quarter of 2024., Completed the approximately US$2.2 billion cash acquisition of EPIC NGL on April 1, 2025.

## Products & services

- **Refined transportation fuels** — Gasoline, diesel and aviation fuels manufactured and marketed through wholesale, branded and unbranded channels.
- **Midstream logistics** — Natural gas gathering and processing; crude oil, refined products and NGL transportation, storage, terminaling and fractionation; LPG exports.
- **Rodeo renewable fuels** — Renewable diesel and sustainable aviation fuel from waste oils, fats, greases and vegetable oils; full conversion reached capacity rates in 2024.
- **Chevron Phillips Chemical products** — Petrochemicals and plastics through a 50%-owned joint venture with Chevron.
- **Lubricants and specialties** — Phillips 66, Kendall and Red Line lubricants; Copylene polypropylene; specialty graphite and anode-grade petroleum coke.
- **Fuel Forward** — Consumer payment app for Phillips 66, Conoco and 76 stations.

## Achievements

- Became a standalone publicly traded company on May 1, 2012.
- Rodeo reached approximately 50,000 barrels per day of renewable-feedstock processing capacity rates in the second quarter of 2024.
- Completed the approximately US$2.2 billion cash acquisition of EPIC NGL on April 1, 2025.
- Reported US$4.4 billion in net income attributable to Phillips 66 for 2025.
- Reported record NGL fractionation and LPG export volumes in the second quarter of 2026.

## Latest updates

- **2026-10** — Announced that Chris Chandler would join as strategic advisor to the CEO on October 6 and become EVP, Refining on January 1, 2027; Rich Harbison will retire December 31, 2026.
- **2026-08** — Phillips 66, Kinder Morgan and HF Sinclair reached final investment decision on the proposed Western Gateway refined-products pipeline system.
- **2026-08** — Reported second-quarter 2026 earnings of US$3.847 billion; Renewable Fuels pre-tax income was US$544 million, compared with a US$41 million first-quarter loss.

## Links

- Website: https://www.phillips66.com/
- LinkedIn: https://www.linkedin.com/company/phillips66co
- Twitter/X: https://twitter.com/phillips66co
- YouTube: https://www.youtube.com/@Phillips66Co
- Instagram: https://www.instagram.com/phillips66co
- Facebook: https://www.facebook.com/Phillips66Co

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Profile page: https://yespress.io/phillips-66
Published by YesPress — https://yespress.io
Last updated: 2026-10-22