Who Owns Phillips 66?

What does Phillips 66 own?
Phillips 66 owns refining, midstream, chemicals, marketing, and renewable fuels operations. Its consumer-facing brands include Phillips 66, Conoco, and 76 fuel stations, Jet in Europe, and Phillips 66 Aviation and Lubricants. The company also owns 50% of Chevron Phillips Chemical Company (CPChem), a major petrochemicals joint venture, and fully owns DCP Midstream, one of the largest NGL gatherers and processors in the United States.

Is Phillips 66 publicly traded?
Yes, Phillips 66 is publicly traded on the New York Stock Exchange under the ticker symbol PSX. The company has been publicly traded since May 1, 2012, when it was spun off from ConocoPhillips. Shares are held by institutional investors, mutual funds, and individual shareholders, with approximately 400.7 million shares outstanding as of January 2026.

Who founded Phillips 66?
The modern Phillips 66 was created in 2012 through a spin-off from ConocoPhillips, not by individual founders. The original Phillips Petroleum Company was founded in 1917 by brothers L.E. Phillips and Frank Phillips in Bartlesville, Oklahoma. The Phillips 66 brand was introduced in 1927 at a service station in Wichita, Kansas, named after U.S. Route 66.

Where is Phillips 66 headquartered?
Phillips 66 is headquartered in Houston, Texas, USA. The company's corporate offices are in the Phillips 66 Tower in the Westchase district of Houston. The company was incorporated in Delaware in 2011 in anticipation of the 2012 spin-off from ConocoPhillips.

How many brands does Phillips 66 own?
Phillips 66 owns three primary retail fuel brands in the United States (Phillips 66, Conoco, and 76), one European fuel brand (Jet, partially divested in 2025), and several specialized product lines including Phillips 66 Aviation and Phillips 66 Lubricants. The company also holds a 50% stake in Chevron Phillips Chemical Company. Its brand portfolio is smaller and more focused than diversified energy majors.

Who owns Phillips 66?
Phillips 66 is owned by its public shareholders. No single investor or group exercises controlling interest. The company is governed by a board of directors led by Chairman and CEO Mark Lashier. Institutional investors hold the majority of shares, with the company's market capitalization fluctuating based on energy sector conditions and refining margins.

What is Phillips 66's revenue?
Phillips 66 reported full year 2025 earnings of $4.4 billion on revenues of approximately $109.6 billion. The company generated $5.0 billion in net operating cash flow and returned $3.1 billion to shareholders through dividends and share repurchases. In Q2 2026, the company reported earnings of $3.8 billion, driven by strong refining utilization and record midstream volumes.

Has Phillips 66 made major acquisitions recently?
Yes. In October 2025, Phillips 66 acquired the remaining 50% equity interest in WRB Refining LP from Cenovus Energy, gaining full ownership of the Wood River and Borger refineries. In April 2026, the company completed the acquisition of Lindsey Oil Refinery and logistics assets in the United Kingdom. The company also acquired the Coastal Bend NGL fractionator and expanded its Dos Picos II gas plant in the Permian Basin.