About Phillips 66
Phillips 66 is a company based in Houston (United States) founded in 1875. It operates as a Reseller / Distribution, and Direct-to-Consumer (D2C). The company has 13,200 employees as of December 31, 2024. Phillips 66 has completed 4 acquisitions, including DCP Midstream, EPIC and Pinnacle Midstream. Phillips 66 offers products and services including Fuels & Lubricants, Aviation Products, and Renewable Fuels. Phillips 66 operates in a competitive market with competitors including Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others.
- Headquarter Houston, United States
- Employees 13200 as on 31 Dec, 2024
- Stage Public
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Phillips 66
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Annual Revenue
$143.12 B-2.81as on Dec 31, 2024
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Net Profit
$2.11 B-69.92as on Dec 31, 2024
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EBITDA
$4.73 B-53.98as on Dec 31, 2024
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Latest Funding Round
$3 M (USD), Grant
Jan 21, 2021
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Investors
Berkshire Hathaway
& 1 more
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Employee Count
13200
as on Dec 31, 2024
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Investments & Acquisitions
DCP Midstream
& 3 more
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IPO & Listings of Phillips 66
Phillips 66 is a publicly listed company on the NYSE with ticker symbol PSX in USA, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Phillips 66
Phillips 66 offers a comprehensive portfolio of products and services, including Fuels & Lubricants, Aviation Products, and Renewable Fuels. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fuels and lubricants are produced for various applications.
Aviation fuels and services are provided for aircraft.
Renewable fuels are developed for sustainable energy solutions.
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Software Development Team
91 people
Leadership Team
72 people
Operations Team
29 people
Sales and Marketing
21 people
Senior Team
17 people
Finance and Accounting
16 people
Product Management Team
15 people
Manager Team
14 people
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Funding Insights of Phillips 66
- Total Funding Total Funding
- Total Rounds 5
- Last Round Grant — $3.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Grant - Phillips 66 | Valuation |
investors |
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| Aug, 2019 | Amount | Debt – Conventional - Phillips 66 | Valuation |
investors |
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| Feb, 2018 | Amount | Debt – Conventional - Phillips 66 | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Phillips 66
Phillips 66 has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Berkshire Hathaway and DOE. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Energy sources and policies are managed by the DOE.
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Founded Year | Domain | Location | |
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Provider of multinational conglomerate services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Phillips 66
Phillips 66 has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include DCP Midstream, EPIC and Pinnacle Midstream. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Crude oil is transported via pipelines for energy sector clients.
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2017 | ||||
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Midstream operations in oil and gas are managed.
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2014 | ||||
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Midstream energy company
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Phillips 66
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Phillips 66 Comparisons
Competitors of Phillips 66
Phillips 66 operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shell, Dominion Energy, Eni Next, Gazprom and Suncor, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Shell is recognized as a global energy and petrochemical company.
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| domain | founded_year | HQ Location |
Energy production and transportation are conducted by Dominion Energy.
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| domain | founded_year | HQ Location |
Provider of exploration, production, and distribution services of oil & gas
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| domain | founded_year | HQ Location |
Gazprom is engaged in the exploration, production, and distribution of natural gas.
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| domain | founded_year | HQ Location |
Oil sands development, exploration, production, and refining are conducted.
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| domain | founded_year | HQ Location |
Electricity and natural gas distribution services are provided globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Phillips 66
Frequently Asked Questions about Phillips 66
When was Phillips 66 founded?
Phillips 66 was founded in 1875 and raised its 1st funding round 140 years after it was founded.
Where is Phillips 66 located?
Phillips 66 is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Phillips 66?
Greg Garland is the current CEO of Phillips 66.
How many employees does Phillips 66 have?
As of Dec 31, 2024, the latest employee count at Phillips 66 is 13,200.
What is the annual revenue of Phillips 66?
Annual revenue of Phillips 66 is $143.12B as on Dec 31, 2024.
What does Phillips 66 do?
Phillips 66 is involved in refining, midstream, marketing, and chemicals within the energy sector. Operations are focused on delivering reliable energy through a unique value chain. Emerging energy solutions, including renewable fuels, batteries, carbon capture, and hydrogen, are being developed. Sustainability is integrated into the strategy to ensure long-term resilience. The company supports communities through social impact initiatives and maintains a commitment to safety and operational excellence across all activities.
Who are the top competitors of Phillips 66?
Phillips 66's top competitors include Dominion Energy, Shell and Uniper.
What products or services does Phillips 66 offer?
Phillips 66 offers Fuels & Lubricants, Aviation Products, and Renewable Fuels.
Is Phillips 66 publicly traded?
Yes, Phillips 66 is publicly traded on NYSE under the ticker symbol PSX.
How many acquisitions has Phillips 66 made?
Phillips 66 has made 4 acquisitions, including DCP Midstream, EPIC, and Pinnacle Midstream.
Who are Phillips 66's investors?
Phillips 66 has 2 investors. Key investors include Berkshire Hathaway, and DOE.
What is Phillips 66's ticker symbol?
The ticker symbol of Phillips 66 is PSX on NYSE.