Phillips 66 is an independent refiner with 13 refineries that have a total throughput capacity of 2.2 million barrels per day. The midstream segment comprises extensive transportation and natural gas liquid processing assets including those held in Phillips 66 partners, in which Phillips 66 owns a 74% interest. It also includes its DCP Midstream joint venture, which holds 44 natural gas processing facilities, 11 NGL fractionation plants, and a natural gas pipeline system with 58,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
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Allen GoodSector Strategist