Phillips 66

Phillips 66

Phillips 66

Overview
Date Founded

2012

Headquarters

P.O. Box 421959, Houston, Texas, 77242-1959, United States

Type of Company

Public

Employees (Worldwide)

14.5K

Industries

Oil & Gas
Retail: Othe

Company Description

Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.

Contact Data
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Executives & Employees

Chairman & Chief Executive Officer

Executive Vice President, Finance & Chief Financial Officer

Executive Vice President, Legal & Government Affairs, General Counsel, Corporate Secretary

Chief Accounting Officer, Vice President & Controller

Executive Vice President, Refining

Executive Vice President-Marketing & Commercial

Executive Vice President, Midstream

Senior Vice President, Health, Safety & Environment & Projects

Senior Vice President, Chief Digital & Administrative Officer

Senior Vice President, Human Resources & Corporate Communications

Paths to Phillips 66
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Phillips 66
Owners & Shareholders
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Welcome to Aristotle, where our mission as a firm is to exceed the investment objectives and service expectations of our clients around the world. We are defined by our philosophy and passionate about investing, priding ourselves on internally generated research that guides the construction of our multiple investment strategies. Whether you are a client at Aristotle or considering becoming a client, you’ll quickly discover our commitment to excellence, stability, growth and integrity.

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Barrow, Hanley, Mewhinney & Strauss has a strict definition of value. Our equity portfolios exhibit below-market price-to-earnings ratios, below-market price-to-book ratios, and above-market dividend yields, regardless of market conditions. As a result, each of our clients is assured that we will do our part to maintain the style integrity of their overall portfolio. In fixed income, we define value as temporarily mispriced securities with yield-to-maturity advantages over Treasury bonds of comparable maturity. We identify each opportunity from the bottom up, building a duration-neutral portfolio designed to "out-yield" the market. In this way, Barrow Hanley seeks to achieve higher total returns for our fixed income clients with below-benchmark volatility. Mutual Fund Sub-Advisory Services Stability of investment team, strict adherence to style and uniformity of process are hallmarks of Barrow Hanley. Through an investment in a Barrow Hanley sub-advised mutual fund, individual investors are able to access the research-driven, bottom-up approach to active security selection that is utilized by major pension plans, foundations and endowments, and other institutional investors worldwide. Barrow Hanley currently serves as a sub-advisor to more than 30 equity and fixed income mutual funds. In addition to sub-advising an array of nationally-recognized mutual funds in the U.S., we sub-advise a number of internationally-based funds.

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DZ PRIVATBANK is a value-based, long-term oriented manager which provides tailored investment and asset management services where client assets are invested in a broadly diversified portfolio of bonds and equities, which accounts for about 70 percent of the total investment and provides a basic yield with sufficient stability. The firm's experienced portfolio specialists and analysts monitor a wide range of material bond issuers, equities and commodities, as well as currencies in major economies around the world, providing a solid foundation for the value of client assets.

Recent Transactions
Details Hidden

Pack Logix LLC purchases Spectrum Corp. /Lubricants & Packaging Facility from Phillips 66

Details Hidden

DCP Midstream LP purchases DCP Midstream LLC (Old) from Spectra Energy Corp., Phillips 66

Details Hidden

Phillips 66 Partners LP purchases Phillips 66 /30 Crude Products & NGL Logistics Assets from Phillips 66

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onIrving Oil Corp., Fort Reliance Co. Ltd. purchase Phillips 66 Whitegate Refinery Ltd. from Phillips 66

Legal Advisor

Advised onBerkshire Hathaway, Inc. purchases Phillips Specialty Products, Inc. from Phillips 66

Investment Advisor

Advised onVitol Refining Group BV, Vitol Holding BV purchase VPI Immingham Operations Ltd. from Phillips 66

Investment Advisor

Advised onPack Logix LLC purchases Spectrum Corp. /Lubricants & Packaging Facility from Phillips 66

Accountant

Advised on purchases Phillips 66 from ConocoPhillips

Advisors & Consultants
Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Davis Wright Tremaine LLP

Advisor

Former Senior Client Partner at Korn Ferry

Clients

Alimentation Couche-Tard, Inc. engages in the operation of independent convenience stores. It sells goods for immediate consumption, road transportation fuel, and other products mainly through company-operated stores and franchises stores. It operates under Circle K, Ingo, Couche-Tara brands. The company was founded by Alain Bouchard, Jacques D'Amours, Richard Fortin, and Réal Plourde in 1980 and is headquartered in Laval, Canada.

Antero Resources Corp. is an independent oil and natural gas company. It engages in the exploration, development, and production of natural gas, NGLs, and oil. The firm focuses on marketing and utilization of excess firm transportation capacity, and equity method investment in Antero Midstream Corporation. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.

Andeavor engages in the refining and marketing of petroleum products. It operates through the following segments: Refining, Logistics, and Marketing. The Refining segment buys and refines crude oil and other feed stocks into transportation fuels, such as gasoline and gasoline blend stocks, jet fuel and diesel fuel, as well as other products, including heavy fuel oils, liquefied petroleum gas and petroleum coke for sale in bulk markets to a wide variety of customers within Andeavor's markets. The Logistics segment includes crude oil and natural gas gathering assets, natural gas and natural gas liquid processing assets, and crude oil and refined products terminalling, transportation and storage assets acquired from Andeavor and third parties. The Marketing segment sells transportation fuels through branded and unbranded channels. Its brand portfolio includes ARCO, Shell, Exxon, Mobil, USA Gasoline, Rebel, and Tesoro. The company was founded by West V. Robert, Jr. in 1964 and is headquartered in San Antonio, TX.

Key Stats and Financials As of 2019
Market Capitalization
$33.7B
Total Enterprise Value
$64.2B
Earnings Per Share
$6.77
Revenue
$107B
Net Profit
$3.07B
EBITDA
$4.59B
Total Equity
$27.2B
EBITDAMargin
4.27%
Enterprise Value Sales
0.6x
Enterprise Value EBITDAOperating
13.72x
TEVNet Income
20.92x
Debt TEV
0.2x
Total Debt
$13B
Three Year Compounded Annual Growth Rate Of Revenue
14.62%
Five Year Compounded Annual Growth Rate Of Revenue
-5.93%
Non-Profit Donations & Grants
Political Donations
$1,500
2014
$2,000
2014
$1,500
2014
Suppliers
Phillips 66 Partners LP Power & Utilities | Houston, TX

Phillips 66 Partners LP engages in the ownership, operation, development, and acquisition of crude oil, refined petroleum product and natural gas liquids pipelines and terminals, and other transportation and midstream assets. It also provides terminals and storages for oil and petroleum products. The company was founded on February 20, 2013 and is headquartered in Houston, TX.

World Point Terminals, Inc. (Missouri) Wholesale: Raw Materials | St. Louis, MO

World Point Terminals, Inc. engages in the ownership, operation, development and acquisition of terminals and other assets relating to the storage of petroleum products, including light and heavy refined products and crude oil. It offers terminal and storage to oil refiners, distributors, marketers and traders. The company is headquartered in St. Louis, MO.

Range Resources - Louisiana, Inc. Oil & Gas | Fort Worth, TX

Range Resources - Louisiana, Inc. engages in acquisition, exploration and development of natural gas and oil properties with a majority of activity in the Terryville Complex of North Louisiana. It targets over pressured liquids rich natural gas opportunities in multiple zones in the Cotton Valley formation. The company operates through MRD and MEMP segments. The MRD segment reflects the combined operations of the company, MRD Operating, MRD LLC, WildHorse Resources and its previous owners Classic and Classic GP, Black Diamond, BlueStone, Beta Operating and MEMP GP. The MEMP segment reflects the combined operations of MEMP its previous owners and certain historical dropdown transactions that occurred between MEMP and other MRD LLC consolidating subsidiaries. The company was founded on January, 2014 and is headquartered in Houston, TX.

Competitors
Marathon Petroleum Corp. Oil & Gas - Findlay, Ohio

Headquartered in Findlay, Ohio in the heart of the Midwest, Marathon Petroleum Corporation (MPC) is the name of the parent company which includes several subsidiary companies including Marathon Petroleum Company LP, Marathon Pipe Line LLC, and Speedway LLC. MPC is the nation’s fifth largest refiner and the largest refiner in the Midwest. MPC’s refining, marketing and transportation operations are concentrated primarily in the Midwest, Gulf Coast and Southeast regions of the U.S. MPC operations are strategically located to serve major markets. They include a six-plant refining network, a comprehensive terminal and transportation system, and extensive wholesale and retail marketing operations. This includes both the Marathon Brand and MPC’s wholly owned retail marketing subsidiary, Speedway LLC, the nation’s fourth largest chain of company-owned and operated retail gasoline and convenience stores.

MPLX LP Oil & Gas - Findlay, OH

MPLX LP engages in the operation of midstream energy infrastructure and logistics assets; and distribution fuels services. It operates through the Logistics and Storage (L&S), and Gathering and Processing (G&P) segments. The Logistics and Storage segment transports, stores, distributes, and markets crude oil, asphalt, refined petroleum products and water. The Gathering and Processing segment gathers, processes and transports natural gas; gathers, transports, fractionates, stores, and markets natural gas liquids (NGLs). The company was founded in March 27, 2012 and is headquartered in Findlay, OH.

Westlake Chemical Corporation Chemicals - Houston, TX

Westlake Chemical Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the Olefins and Vinyls segments. The Olefins segment manufactures ethylene, polyethylene, styrene, and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility. The Vinyls segment manufactures and sells building products fabricated from polyvinyl chloride, including pipe, fittings, profiles, foundation, building products, fence and deck components, window, and door components, film, and sheet products. The company was founded by Ting Tsung Chao in 1986 and is headquartered in Houston, TX.

Awards & Honors
Rank #30
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #30
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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