Phillips 66 is a multinational energy company with a long and storied history in the oil and gas industry. The company was founded in 1917 as Phillips Petroleum Company and has its roots in the oil fields of Oklahoma, USA. Over the years, it has evolved and expanded its operations, eventually becoming one of the largest integrated energy companies in the world. Phillips 66 is listed on the New York Stock Exchange (NYSE) under the ticker symbol "PSX."
The company is involved in various aspects of the energy industry, including exploration, production, refining, marketing, and distribution. Phillips 66 operates in three main segments: Refining, Midstream, and Chemicals. The Refining segment focuses on refining crude oil to produce gasoline, diesel, jet fuel, and other products. The Midstream segment involves transportation, storage, and processing of crude oil and natural gas. The Chemicals segment focuses on producing petrochemicals used in various industrial applications.
The company is actively exploring and investing in renewable fuels, biofuels, and other low-carbon technologies to address the growing demand for sustainable energy solutions. Phillips 66 is committed to advancing clean energy technologies and reducing its carbon footprint.