Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company is headquartered in Houston, Texas and currently employs 13,200 full-time employees. The company went IPO on 2012-04-12. The firm's Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates, including aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products, mainly in the United States and Europe. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at its Humber Refinery.

Phillips 66 terlibat dalam pengolahan, transportasi, penyimpanan, dan pemasaran bahan bakar serta produk terkait lainnya. Perusahaan ini berkantor pusat di Houston, Texas dan saat ini mempekerjakan 13.200 karyawan penuh waktu. Perusahaan ini melakukan penawaran umum perdana (IPO) pada 12 April 2012. Segmen Midstream perusahaan menyediakan layanan transportasi minyak mentah dan produk petroleum yang telah disuling, serta layanan terminasi dan pengolahan, serta transportasi, penyimpanan, fraksinasi, pengumpulan, pengolahan, dan pemasaran gas alam dan cairan gas alam (NGL). Segmen Kimia perusahaan terdiri dari investasi ekuitas 50% di Chevron Phillips Chemical Company LLC, yang memproduksi dan memasarkan petrokimia dan plastik secara global. Segmen Penyulingan perusahaan mengolah minyak mentah dan bahan baku lainnya menjadi produk petroleum, seperti bensin, distilat, termasuk bahan bakar penerbangan. Segmen Pemasaran dan Spesialisasi perusahaan membeli untuk dijual kembali dan memasarkan produk yang telah disuling, terutama di Amerika Serikat dan Eropa. Segmen Bahan Bakar Terbarukan perusahaan memproses bahan baku terbarukan menjadi produk terbarukan di Rodeo Renewable Energy Complex dan di Kilang Humber miliknya.

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