Phillips 66

Phillips 66

Refines crude oil; midstream logistics; petrochemicals

Overview

Phillips 66 is a diversified energy company that covers refining, midstream logistics, chemicals, and marketing and specialties. It turns crude oil into refined fuels and petrochemicals; its midstream segment transports and stores crude and refined products; the marketing segment sells fuels through a network of branded outlets, and it also invests in renewable fuels. It differentiates itself as an integrated energy player with four main segments plus renewable investments, enabling coordinated sourcing, processing, and distribution along with a long history of safety and environmental stewardship. Its goal is to provide energy solutions and reliable fuels while pursuing efficiency, emissions reductions, and sustainable growth for future energy needs.

Significant Headcount Growth

About Phillips 66

Simplify's Rating
Why Phillips 66 is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

10,001+

Company Stage

IPO

Headquarters

Houston, Texas

Founded

1917

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Simplify's Take

What believers are saying

  • Q1 2026 refining margins surged 73% to $10.11 per barrel, driving $208 million segment earnings.
  • Sweeny NGL fractionation capacity increased 23%, while Freeport LPG export dock capacity rose 15%.
  • The company raised its quarterly dividend by 7% to $1.38 per share, signaling strong cash flow.

What critics are saying

  • EPA Renewable Fuel Standard compliance costs divert cash to renewable infrastructure within 12–18 months.
  • Polyethylene margins erode due to lower global chemical prices and higher feedstock costs in 6–12 months.
  • $839 million mark-to-market derivative losses in Q1 2026 expose volatility in oil price exposure.

What makes Phillips 66 unique

  • Phillips 66 operates a fully integrated downstream model spanning refining, midstream, chemicals, and marketing.
  • The company achieved full capacity at its Rodeo Renewed renewable diesel complex in 2025.
  • It uniquely combines 140 years of refining expertise with aggressive midstream expansion in the Permian Basin.

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Funding

Total Funding

$3.8B

Above

Industry Average

Funded Over

2 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Company Bonus

Pension Plan

401(k) Company Match

Medical Benefits

Dental Insurance

Vision Insurance

Life Insurance

Employee Assistance Program

Health Savings Account

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

5%

2 year growth

5%
Cromwell Group, Inc.
Jul 24th, 2026
First federally funded e-vehicle charging station opens in Casey.

First federally funded e-vehicle charging station opens in Casey. Effingham, IL / Effingham Radio Jul 24, 2026 | 9:00 AM Casey, IL-(Effingham Radio)- Grants administered through IDOT creating EV network throughout state The Illinois Department of Transportation was joined by community leaders in Casey today to cut the ribbon on the first charging station built in the state through the National Electric Vehicle Infrastructure Program, with more to come soon. Additionally, IDOT announced it is awarding $23.5 million through the third round of funding in the program for 29 new projects as part of the effort to build a network of chargers along the interstate system. The new station and the latest round of grants will make travel by electric vehicle even more reliable and accessible while creating economic opportunity for communities, advancing Gov. JB Pritzker's continuing commitment to make the state an industry leader and fight climate change by putting a million EVs on Illinois roads by 2030. "These new chargers are an important step forward in making the governor's EV goals a reality, while creating economic opportunity by connecting Illinois communities to a national network of stations," said Illinois Transportation Secretary Gia Biagi. "Some of the strongest interest we're seeing for electric vehicle charging is coming from rural areas that see the benefit of having travelers stop in their towns to charge up and spend their dollars at local stores and businesses. We look forward to adding many more throughout the state in the weeks and months ahead." Administered by IDOT using federal funds through the Infrastructure Investment & Jobs Act, the state's NEVI program aims to accelerate the adoption of EVs by providing the public access to past charging throughout the state, in communications and along interstates, scenic byways. The program is part of a series of comprehensive initiatives to achieve the state's goal of becoming a leader in manufacturing and deploying electric vehicles. In Casey, the first chargers through NEVI in Illinois were electrified last week at the Mach 1 station on Illinois 49 near Interstate 70. The project built four DC fast chargers, made possible through a $854,641 competitive grant to Phillips 66, in collaboration with Meyer Oil and Electrify America. Additional station locations will continue coming online this summer. The $23.5 million in the latest round of grants announced today represents Round 3 of NEVI funding in Illinois and will facilitate the construction of 140 new charging ports. Each of the 29 locations will have at least four DC fast charging ports to fully charge a typical EV from empty in less than 30 minutes. Among the charging stations to be built: Champaign County * $641,600 to Universal EV, AmericInn by Wyndham Urbana-Champaign University Area, 1908 N. Lincoln Ave., Urbana. Cook County * $1,152,068 to Heartland Charging Services, Arlington Heights Memorial Library, 500 N. Dunton Ave., Arlington Heights. * $1,360,605 to Heartland Charging Services, village of Oak Park, 130 N. Marion St., Oak Park. Kane County * $1,350,295 to Heartland Charging Services, city of Aurora, 62 N. Broadway, Aurora. LaSalle County * $654,600 to Universal EV, city of Ottawa, 301 W. Madison St., Ottawa. Lee County * $817,222 to EVgo Services LLC, Infinity Ventures Real Estate Group LLC, 1602 S. Galena Ave., Dixon. Sangamon County * $644,418 to Universal EV, Days Inn by Wyndham Springfield, 5970 S. Sixth St., Springfield. St. Clair County * $656,320 to Universal EV, Subway, 224 S. Madison St., Lebanon. Will County * $1,339,515 to Heartland Charging Services, 19818 La Grange Road, Mokena. The entire list can be viewed at Drive Electric Illinois or by visiting idot.click/drive-electric. All of the awards are contingent on the selected recipients entering into a grant agreement with IDOT. The application period for Round 4 of NEVI grants wrapped up this week, with a notice of funding opportunity for approximately $30 million. Selected locations will be announced by the end of August. Through the first three rounds of NEVI, IDOT has conditionally awarded $67.2 million for 91 stations, making possible 489 ports. More information on NEVI in Illinois, including a map of locations identified for chargers, can be found on the IDOT website at idot.click/NEVI. Download the free Effingham Radio app for music, news, contests and more! Weather. Top stories. 6.9K Views 4.7K Views

BizTimes.biz
Jul 22nd, 2026
Biz Buzz: Ice cream shop near Dubuque's fourth Street Elevator reopens; Dubuque Phillips 66 adds partnership with U-Haul; Latin American grocery store opens in Dubuque.

Biz Buzz: Ice cream shop near Dubuque's fourth Street Elevator reopens; Dubuque Phillips 66 adds partnership with U-Haul; Latin American grocery store opens in Dubuque. business tips sought Do you have a story idea or update to share about a local business? Ideas can be shared with reporter Thomas Gleason at [email protected] or 563-588-5647. Biz Buzz shares business tidbits from the tri-state area. This edition highlights businesses in Dubuque. The ice cream shop near the bottom of Dubuque's Fenelon Place Elevator reopened under new ownership on Saturday. Dubuque Ice Cream Shoppe, 454 W. Fourth St., offers ice cream, candy by the pound, popcorn, sodas and more. "Ice cream is very nostalgic," said Joie Booth, who owns the shop with her two sons, Carter and Graham Booth. "It's very romantic. It's very family." The Booths buy the ice cream from Ludington, Mich.-based Ashby's Sterling Ice Cream. "It is 14% butterfat, which makes it the most incredible flavor ever," Booth said. The shop offers cones and dishes of eight flavors and carries a range of soft drinks and sparkling water. "We do root beer floats and orange floats," Booth said. "We can make a float out of just about everything." Customers can also purchase a large Pepsi glass to use for their float and keep the glass. Eventually, the glasses will be uniquely shaped and engraved with the shop's name. The shop also sells bags of Cedar Creek Popcorn and souvenirs, including Dubuque-themed T-shirts, shot glasses and mugs. The Booths plan to add more ice cream flavors, souvenirs and candy to the store soon. They also hope to renovate the kitchen in the back of the shop. "I would like to make some of the things here - make the toffee, make the fudge, make some of the popcorn balls," Booth said. They hope to keep the shop open year-round. "We're hoping to come up with some creative ideas to have it going pretty strong through the fall and winter," Booth said. Joie Booth has always been self-employed and thought an ice cream shop would be a cool business to own, she said. In May, the opportunity to buy the business came about, and she jumped at it. She brought her two sons into the process, and they whipped the shop into shape quickly to avoid missing the entire summer season. The family members painted the shop with the "historical watercolors of Dubuque," and added their own flair with a new countertop near the front window, Booth said. "Midwest summers are so hot," she said. "We want this to feel like a place where a family can sit down and just enjoy some air conditioning for a few minutes." Dubuque Ice Cream Shoppe is open from 11 a.m. to 7 p.m. daily. For more information, visit its Facebook page at tinyurl.com/dbqicecreamshoppe. Dubuque Phillips 66 adds partnership with U-Haul. Phillips 66 on John F. Kennedy Road added U-Haul services this month. The gas station serves as a place to rent and return U-Haul trucks. "It's just to make it easier for customers that are moving or need to load something for convenience's sake," said Phillips 66 owner Charan Singh. The gas station keeps a 10-foot truck, 15-foot truck and 20-foot truck in-house, which means that the trucks must be returned to it after being rented. It carries other U-Haul trucks on a rotational basis, depending on reservations and where trucks are located. "If you need something in a few days, make a reservation with us right away," Singh said. U-Haul's traffic department can help secure the trucks needed for the reservation even if Phillips 66 does not have the truck when the reservation was made, he said. The gas station is not renting out trailers because it does not have the staff to accommodate the service. "We're trying to manage it with the staff we have," Singh said. "If it keeps growing, we'll hire someone to just work the U-Hauls." Singh approached U-Haul about partnering with the company because the gas station includes a large parking lot that was not being utilized. "One of the biggest things I was looking for was how to grow the business," Singh said. "Why not take advantage of the space and have a win-win situation?" Two other U-Haul locations in the city are in the Point and the North End. "This side of Dubuque didn't have one," Singh said. Phillips 66's U-Haul service is open from 7 a.m. to 8 p.m. daily. Customers can also utilize an app for after-hours drop-offs and pickups. For more information, visit uhaul.com. Latin American grocery store opens in Dubuque. A Latin American grocery store opened in Dubuque this month. El Mercadito Nicas Market, located at 233 Main St., offers a diverse range of products. "We have good service, and we have nostalgic products from our country and Colombia, Venezuela, Honduras, Mexico - things that you can't find here," said Patricia Báez, who owns the store with her husband, Denis Martínez. The store is filled with snacks, candy, drinks and fresh produce, including plantains, onions, tomatoes and avocados. "It's an opportunity for another different business on Main Street," Báez said. The husband and wife are natives of Nicaragua and moved to the United States about nine years ago. They started Nicas Market in Platteville, Wis., over three years ago. They secure their products directly from Latin American producers. One of Báez's favorite products is Avena Mosh en hojeulas, a cereal made from oats by Mexican company El Caracol. Báez and her family lived in front of the company's manufacturing plant in Nicaragua, and her uncle worked there. Other products she likes are Nicaragua-made Tiste corn meal, a drink served cold; Callejas Guava Jelly, a fruit spread; and Milca, a raspberry soda. People asked the couple to open a location in Dubuque because there is a lack of Latin stores in the city, Báez said. They took over the lease on the space about two months ago. The couple brought in two refrigerators for some of their drinks and produce, built shelves to install throughout the space and built the cashier space with a counter and shelves behind it. They plan to continue adding more products to the store in the future. El Mercadito Nicas Market is open from 10 a.m. to 7 p.m. every day. For more information, visit its Facebook page at tinyurl.com/ elmercaditonm.

YMCA of Metropolitan Los Angeles
Jun 2nd, 2026
New Wilmington YMCA Teen Innovation Center presented by Phillips 66.

New Wilmington YMCA Teen Innovation Center presented by Phillips 66. June 2, 2026 For teens with big dreams, access to technology is essential to opening new pathways and possibilities. But the digital divide - access to a computer and reliable internet at home - can be an obstacle. Through a multi-year financial gift from Phillips 66, the YMCA of Metropolitan Los Angeles has opened a Teen Innovation Center in Wilmington, California for students to collaborate and connect through technology and guided programming. The 1,000-square-foot space features more than 20 computers plus 3D printers, podcast, photography and other creative arts equipment. "As technology becomes increasingly important for school, career readiness, and everyday life, the Teen Innovation Center gives students a place to build digital skills," says Mario Valenzuela, Chief Mission Advancement Officer for the YMCA of Metropolitan Los Angeles. "We are grateful for Phillips 66's investment in our youth and we are excited to see the positive impact this space will make on our community." During the school year, the Wilmington YMCA services than 1,200 students each month and that number grows to more than 2,500 in the summer. Jaziel Galindo, a rising senior at Phineas Banning Senior High School, has been a member of the Wilmington YMCA since pre-school when his mother joined the Mother Read literacy program. An aspiring firefighter, Jaziel enjoys going to the Y with friends to work out in the gym. He and other teenagers have been engaged in the Teen Innovation Center from the start, providing input on what they want to see in this space that they can call their own. The Center includes a collaboration space that will be used for the California YMCA Youth & Government delegate, a youth leadership and civic responsibility organization. Jaziel, currently the treasurer and candidate for president, says the group has helped him learn how to advocate for his community. "I'm excited that teenagers will be able to come to the Y so we can learn skills that we will need later in life or for our jobs," he says. For Phillips 66, this investment reflects a rich history that will develop leaders for generations. "Phillips 66 has been part of this community for more than a century," says Henry Barzotti, Vice President of the Los Angeles Refinery. "Through the years we have partnered with non-profit organizations to give our time, talent and resources to be a good neighbor and strengthen the economic, social and environmental vitality of this area. It is an honor and a privilege to be part of this legacy."

Phillips 66
May 6th, 2026
Phillips 66 honored with safety award.

Phillips 66 honored with safety award. Allison Stowe, Phillips 66 advisor, public affairs May 6, 2026 Phillips 66 earns 2025 API Distinguished Pipeline Safety Award for a strong culture of performance, accountability and continuous improvement. Phillips 66 has been named by the American Pipeline Institute (API) the 2025 API Distinguished Pipeline Safety Award winner in the Extra-Large Operator category. The award recognizes the company's industry-leading safety performance and proactive efforts to advance a zero-incident culture across its pipeline systems. Why it matters. This recognition highlights Phillips 66's commitment to protecting people, communities and the environment by showcasing the everyday actions of employees and contractors who do the job right, speak up and work together to prevent incidents. It reflects: * A strong safety culture, where following procedures, reporting near misses and learning from experience are fundamental to how work gets done. * A continued focus on strengthening systems, training and technology to support safe, reliable operations across the network. The award was presented during the opening of the API Pipeline Conference and Expo in Aurora, Colorado, where Phillips 66 was honored alongside peers in the Small, Medium and Large Operator categories. Selected by their peers following a rigorous application and review process, winners are recognized for safety performance and proactive initiatives that advance pipeline safety and overall industry performance. This is the fifth time Phillips 66 has been recognized with an API Distinguished Pipeline Safety Award, most recently as the 2024 Large Operator winner, reflecting strong safety performance, innovative technologies and proactive stakeholder engagement. As the 2025 Extra-Large Operator winner, Phillips 66 is being honored for its leadership in safety management and implementation of API RP 1173, the industry's pipeline safety management system standard, along with its work to implement API Recommended Practice 1185 through the Phillips 66 Midstream Public Engagement Guidelines and Assessment Tools. The company has also expanded satellite-based analytics to identify encroachments and land-use changes along rights-of-way, enabling a more proactive field response. What it takes to operate safely every day. "For Phillips 66 Company, this award is about people. It's about the operators and technicians in the field, the controllers in its control centers, its integrity and engineering teams, its HSE professionals, its planners and schedulers, and the many contractors who work alongside Phillips 66 Company. They are the ones who plan the work, follow the procedures, speak up when something doesn't look right, and watch out for one another so that everyone goes home safe, every day. To its Phillips 66 teammates - many of whom are not in this room but are hard at work today - this award belongs to you." Todd Tanory Phillips 66 SVP, midstream operations Tanory also highlighted that safety is foundational to how Phillips 66 designs, builds, maintains and operates its systems, noting that teams have strengthened integrity management programs, enhanced training and increased the use of data and new technologies to identify and address risks before they become incidents. "This recognition from API reflects that collective effort and the progress we've made, but it is not a finish line," he said, reinforcing the company's long-term commitment to continuous improvement in pipeline safety. At its core, this work is driven by people committed to keeping one another and the communities they serve safe.

National Business Aviation Association
May 4th, 2026
Safe fueling advocate Keith Clark receives prestigious Flight Safety Foundation award.

Safe fueling advocate Keith Clark receives prestigious Flight Safety Foundation award. May 4, 2026 Keith Clark, senior quality control and technical representative at Phillips 66 Aviation, will receive the Flight Safety Foundation's (FSF's) 2026 Business Aviation Meritorious Service Award at the 2026 FSF Business Aviation Safety Summit (BASS). BASS is set for May 5-6 in Provo, UT. Clark is the creator of the "Save a Life - Verify Fuel Type" initiative, which emphasizes deliberate fuel-type verification, communication and human factor awareness at every stage of the fueling process. He joined Phillips 66 Aviation more than 40 years ago and has dedicated much of his career to fuel quality and safety. He also is an active participant in several aviation industry working groups focused on practical guidance and operational best practices to reduce risk and elevate safety. The Phillips 66 Aviation "Save a Life" program is not solely focused on FBOs, but encourages pilots, and everyone in the business aviation industry, to take a moment and verify fuel type before every flight. Free stickers are available from Phillips 66 Aviation at [email protected]. "The phrase 'Save a Life - Verify Fuel Type' is intentionally simple, because safety does not need to be complicated, it needs to be taken seriously, every time by everybody," said Clark. "BASS represents an industry committed to learning, accountability and speaking up, recognizing that these safety actions truly save lives and can make a difference. I am honored to be recognized by an organization that so clearly embodies those values." Phillips 66 Aviation is focused on safety and one of the largest aviation refiners in the United States and a major supplier to general aviation, as well as commercial and military aviation. The company is a member of the NBAA Leadership Council, which is made up of individuals and businesses dedicated to strengthening the association in support of its mission to promote an environment that fosters business aviation in the U.S. and around the world. "Keith's commitment to misfueling prevention and operational safety has made a lasting impact on business aviation," said Doug Carr, NBAA senior vice president of safety, security, sustainability and international operations. "This recognition is a testament to the critical role his work plays in protecting lives and advancing the highest standards of our industry." The FSF Business Aviation Meritorious Service award recognizes outstanding service and contributions to business aviation safety. Other recent recipients include Charlie Precourt, Citation Jet Pilots; D. Richard Meikle, FlightSafety International; Robert Agostino, Group Holdings Aviation; and Bryan Burns and Russ Lawton, Air Charter Safety Foundation. The theme of BASS 2026 is "Leading Safety Through Culture, Innovation and Practical Solutions." The event is organized by Flight Safety Foundation in partnership with NBAA and the National Air Transportation Association (NATA). NBAA Director of Safety and Flight Operations Mark Larsen is taking part in a May 6 panel: "Ask the Industry Experts: Advancing Safety from Policy to Practice and Your Questions Answered." Kristi Ivey, NBAA regional director, will be on hand to speak with attendees about the association's many safety resources and upcoming events focused on safe operations.

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