Founding date: 1917
Company name: Phillips 66
Industry: Oil and Gas
Company website: www.phillips66.com
Phillips 66 is known as one of the world’s most renowned oil refining company in the Texas. It’s predecessor is known as the ConocoPhillips which was also a famous petroleum resource company. Now, the company produces the best quality natural gas and petrochemicals in different parts of the world. The company was established by Lee Eldas Phillips as a small resource company which achieved the success quite earlier due to the latest technological usage even during that time.
During the year 1960, the company reached its zenith to enjoy the highest position in the world of oil and gas in the market. Phillips 66 then, was the only company to manufacture motor oil which further increased its demand in the market. It has satisfied its customers from its initial years and is still doing the same in the market.
Operations of Phillips 66
The Phillips 66 company operates it wide number of gas stations in the United States. The company also used to operate it’s Jet filling stations which they have now sold to the countries Germany, Belgium, Poland, Finland, Hungary and Lukoil. The list of operations is quite long as it also handles the coop identity of Switzerland. Now, the company is in the zenith of its success and owns about 15 oil refinery companies which produce about two million barrels of oil each day. The company also has its shares invested in the market which needs to be controlled.
The number of refineries it has throughout the world are the Wood River Refinery, Alliance Refinery, Sweeny Refinery, Bayway Refinery, Lake Charles Refinery, Ponca City Refinery, Borger Refinery, Los Angeles Refinery, San Francisco Refinery and Melaka Refinery. The company has signed many numbers of deals in the market with a number of big merchants in the different parts of the world.
Phillips 66 has developed it’s agreements and commitments with the various business companies. It has established various pipeline systems and terminal systems which provides pipelines with a range of about 503 miles.
The company has established its headquarters in the Texas and produces fee-based crude oils to its customers throughout this world. The company has introduced and launched several products such as the Natural gas, Petrochemicals, Aviation Fuels, Motor fuels and Lubricants.
Phillips 66 helps to promote the different social causes and helps in the development of the education and communication facilities. This company organizes several educational and literacy programmes regarding science and technology in the energy consumption industry. The company provides the opportunity to initiate the classroom exercises to the students in the MIND Research Institute which works like an NGO. They also organize the various different mathematics workshops for the students where the different problems regarding the subject are solved for the students for their better performances. They have also started working with the National Energy Education Development Project which has been initiated for encouraging the love of the students for reading.
Awards and Recognitions
Phillips 66, being one of the oldest companies, has achieved many awards and recognitions throughout its service years and career. The company has achieved a number of awards in its career including the cash as well as non-cash recognition awards. The cause of the number of awards is the social events as well as for its business networks and developments. The company has also taken the initiative to give awards to its employees for making the industrial company reach the desired height in the world of business.