Company description

PSX, or Phillips 66, is a multinational energy company that specializes in oil and natural gas refining, marketing, and transportation. With a market capitalization of over $24 billion, the company is one of the largest players in the energy industry. Phillips 66 operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties. The Midstream segment focuses on gathering, processing, fractionating, and transporting natural gas and other products. The Chemicals segment produces and markets petrochemicals and plastics for industrial and consumer use. The Refining segment, which is the company's largest segment, refines crude oil and other feedstocks into various petroleum products. Lastly, the Marketing and Specialties segment sells refined products such as gasoline, diesel, and aviation fuel, as well as lubricants, jet fuel, and asphalt. With a strong focus on innovation, sustainability, and safety, Phillips 66 is committed to providing reliable and efficient energy solutions to meet the growing global demand. The company has a strong presence in the United States and is expanding its operations in international markets. With a dedicated workforce, strategic partnerships, and a solid financial foundation, Phillips 66 is well-positioned for continued growth and success in the energy sector.