Phillips 66 Company Overview
Company Headquarters: Texas, United States
Founded: 2012
Workforce: ~13,000
Company Working: Phillips 66 Company is an energy company. It collects, processes, transports, stores, and sells natural gas and petroleum products like gasoline, diesel, aviation fuel, and lubricants. Furthermore, it transports, fractionates, and trades natural gas liquids (NGLs). The corporation refines crude oil and other feedstock and sells it in the US and Europe. The company operates 28 manufacturing facilities worldwide, including a 50% joint venture participation in Chevron Phillips Chemical Company LLC, which produces and sells plastics and petrochemicals globally. It also operates two research and development centers in the US. It also produces and sells specialty lubricants under the Phillips 66, Kendall, and Red Line brands. The corporation has operations in the US, Europe, Asia, the Middle East, and Africa.
Strategy
Phillips 66’s company strategy principally focuses on investing in growth prospects with a strong focus on returns in the midstream and chemicals areas. The company emphasizes fast responding and highly efficient business corporation and maximizing value for the stakeholders. The company strategizes to supply high-quality products and services to meet customer demand as well as capture market share. The company's low-cost, high-volume approach to marketing in Europe focuses on selling primarily through owned, leased, or joint venture retail outlets.
