Phillips 66 is engaged in the refining and marketing, midstream and chemicals businesses. Co. has three operating segments. The Refining and Marketing segment primarily refines crude oil and other feedstocks into petroleum products (such as gasolines, distillates and aviation fuels); buys, sells and transports crude oil; and buys, transports, distributes and markets petroleum products; as well as engages in power generation activities. The Midstream segment gathers, processes, transports and markets natural gas; as well as transports, fractionates and markets natural gas liquids. The Chemicals segment manufactures and markets petrochemicals and plastics on a worldwide basis.
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