16 of 500
Phillips 66
Phillips 66
16
Financials: Latest Results
Rank: 16
Previous rank: N.A.
CEO: Greg C. Garland
Employees: 13,500

Phillips 66, ConocoPhillips's spun-off refining arm, was separated from the exploration arm of the energy giant last year. The Phillips 66 name has been among the company's most-recognized brands for decades, first with Phillips Petroleum and then ConocoPhillips after its merger with Conoco in 2002. (The first 66-branded gas station opened in Kansas some 86 years ago.) Its $169.5 billion in sales shot it up to No. 16 on the Global 500 in its first year (back) on the list.

This year the company, like other oil & gas majors, is intent on forming joint ventures and selling assets to shore up its portfolio. The move includes selling its refinery in Ireland and getting ready for an initial public offering of some midstream assets. The company expects the offering to generate between $300 million to $400 million this year.

Headquarters:
3010 Briarpark Dr.
Houston, Texas. 77042
U.S.
281-293-6600
Website: www.phillips66.com
Key financials
$ millions
% change from 2011
Revenues
169,551
Profits
4,124
-
Assets
48,073
Stockholder's equity
20,775
Profits as % of
Revenues
2.4
Assets
8.6
From the July 22, 2013 issue

Notes:
Spun off from ConocoPhillips (2012 rank: 144), April 30, 2012.
Excise taxes have been deducted.
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Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2013. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting. More
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