Phillips 66 (NYSE:PSX)

Phillips 66 operates as a downstream energy company. It operates through the following businesses segments: Refining & Marketing, Midstream and Chemicals. The Refining & Marketing segment purchases, refines, markets and transports crude oil and petroleum products in the United States, Europe and Asia. It engages in power generation activities, lubricants and other specialty products businesses. This segment also owns and leases various transportation assets, including pipelines and terminals, marine and inland vessels, railcars and trucks to provide safe delivery of crude oil, refined products, natural gas and NGL. The Midstream segment conducts its business primarily through an equity investment in DCP Midstream LLC, which is engaged in the processing of natural gas. It owns and operates interests in NGL fractionators in the United States; and also owns interest in the Rockies Express, a natural gas pipeline. The Chemicals segment conducts its business through an equity investment in Chevron Phillips Chemical Co. LLC to produce olefins and polyolefin. This segment manufactures and markets petrochemicals and plastics on a worldwide basis. The company's history roots back to 1875 with predecessor companies, most notably Conoco and Phillips Petroleum Co. In 2012 ConocoPhillips repositioned into two publicly traded companies, one of which is Phillips 66. Phillips 66 was founded on April 30, 2012 and is headquartered in Houston, TX.