Phillips 66's Corporate Customers have recorded a rise in their cost of revenue by 29.3 % in the 3 quarter 2026 year on year, sequentially costs of revenue were trimmed by -0.14 %. During the corresponding time, Phillips 66 recorded a revenue increase by 46.43 % year on year, sequentially revenue fell by -0.91 %. While revenue at the Phillips 66's corporate clients recorded rose by 26.43 % year on year, sequentially revenue grew by 4.85 %.
Phillips 66's Customers have recorded a rise in their cost of revenue by 29.3 % in the 3 quarter 2026 year on year, sequentially costs of revenue were trimmed by -0.14 %, for the same period Phillips 66 recorded revenue increase by 46.43 % year on year, sequentially revenue fell by -0.91 %.
Phillips 66's Comment on Sales, Marketing and Customers
Transportation business managed over 18,000 miles of crude oil, natural gas,
NGL and petroleum products pipeline systems in the United States, including
those partially owned or operated by affiliates. We owned or operated 39 finished
product terminals, 37 storage locations, 5 LPG terminals, 14 crude oil terminals
and 1 petroleum coke exporting facility.
The residual natural gas, primarily methane, which results from processing
raw natural gas, is sold by DCP Midstream at market-based prices to marketers
and end users, including large industrial companies, natural gas distribution
companies and electric utilities. DCP Midstream purchases or takes custody of
substantially all of its raw natural gas from producers, principally under the
following types of contractual arrangements.
The manufacturing of petrochemicals and plastics involves the conversion of
hydrocarbon-based raw material feedstock into higher-value products, often through
a thermal process referred to in the industry as “cracking.” For
example, ethylene can be produced from cracking the feedstocks ethane, propane,
butane, natural gasoline or certain refinery liquids, such as naphtha and gas
oil. The produced ethylene has a number of uses, primarily as a raw material
for the production of plastics, such as polyethylene and polyvinyl chloride.
Plastic resins, such as polyethylene, are manufactured in a thermal/catalyst
process, and the produced output is used as a further raw material for various
applications, such as packaging and plastic pipe.
We marketed gasoline, diesel and aviation fuel through approximately 8,600
marketer-owned or -supplied outlets in 48 states. The majority of these sites
utilize the Phillips 66, Conoco or 76 brands.
We have marketing operations in five European countries. Our European marketing
strategy is to sell primarily through owned, leased or joint venture retail
sites using a low-cost, high-volume approach. We use the JET brand name to market
retail and wholesale products in Austria, Germany and the United Kingdom. In
addition, a joint venture in which we have an equity interest markets products
in Switzerland under the Coop brand name.
Phillips 66’s Comment on Sales, Marketing and Customers
Transportation business managed over 18,000 miles of crude oil, natural gas,
NGL and petroleum products pipeline systems in the United States, including
those partially owned or operated by affiliates. We owned or operated 39 finished
product terminals, 37 storage locations, 5 LPG terminals, 14 crude oil terminals
and 1 petroleum coke exporting facility.
The residual natural gas, primarily methane, which results from processing
raw natural gas, is sold by DCP Midstream at market-based prices to marketers
and end users, including large industrial companies, natural gas distribution
companies and electric utilities. DCP Midstream purchases or takes custody of
substantially all of its raw natural gas from producers, principally under the
following types of contractual arrangements.
The manufacturing of petrochemicals and plastics involves the conversion of
hydrocarbon-based raw material feedstock into higher-value products, often through
a thermal process referred to in the industry as “cracking.” For
example, ethylene can be produced from cracking the feedstocks ethane, propane,
butane, natural gasoline or certain refinery liquids, such as naphtha and gas
oil. The produced ethylene has a number of uses, primarily as a raw material
for the production of plastics, such as polyethylene and polyvinyl chloride.
Plastic resins, such as polyethylene, are manufactured in a thermal/catalyst
process, and the produced output is used as a further raw material for various
applications, such as packaging and plastic pipe.
We marketed gasoline, diesel and aviation fuel through approximately 8,600
marketer-owned or -supplied outlets in 48 states. The majority of these sites
utilize the Phillips 66, Conoco or 76 brands.
We have marketing operations in five European countries. Our European marketing
strategy is to sell primarily through owned, leased or joint venture retail
sites using a low-cost, high-volume approach. We use the JET brand name to market
retail and wholesale products in Austria, Germany and the United Kingdom. In
addition, a joint venture in which we have an equity interest markets products
in Switzerland under the Coop brand name.
Sources:
Phillips 66’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Phillips 66’s corporate clients.
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