Comparing the current results to its competitors, Phillips 66 reported Revenue increase in the 2 quarter 2026 by 53.06 % year on year. The sales growth was above Phillips 66's competitors' average revenue growth of 52.19 %, achieved in the same quarter.
Phillips 66's Comment on Competition and Industry Peers
The Midstream segment, through our equity investment in DCP Midstream and our
other operations, competes with numerous integrated petroleum companies, as well
as natural gas transmission and distribution companies, to deliver components
of natural gas to end users in the commodity natural gas markets. DCP Midstream
is one of the leading natural gas gatherers and processors in the United States
based on wellhead volumes, and one of the largest U.S. producers and marketers
of NGL, based on published industry sources. Principal methods of competing include
economically securing the right to purchase raw natural gas for gathering systems,
managing the pressure of those systems, operating efficient NGL processing plants
and securing markets for the products produced.
In the Chemicals segment, CPChem is generally ranked within the top 10 producers
of many of its major product lines, based on average 2013 production capacity,
as published by industry sources. Petroleum products, petrochemicals and plastics
are typically delivered into the worldwide commodity markets. Our Refining and
M&S segments compete primarily in the United States, Europe and Asia.
Pbf Energy Inc operates as an independent petroleum refiner and supplier, specializing in producing a variety of refined petroleum products. Their business model revolves around acquiring, operating, and improving complex refineries to efficiently process crude oil into various high-value products for distribution and sale in the United States and internationally.
Par Pacific Holdings Inc. operates as a diversified energy company with strategic assets consisting of refineries, pipelines, and retail outlets. They leverage their integrated system to efficiently process and distribute gasoline, diesel, jet fuel, and other refined products to customers across various markets.
Occidental Petroleum Corporation operates as an international oil and gas exploration and production company, emphasizing the development of oil and gas reserves primarily in the United States and the Middle East. The companys business model focuses on maximizing shareholder value through efficient, sustainable operations while maintaining a commitment to environmental stewardship and community engagement.
Oneok Inc operates as a midstream service provider in the energy sector, focusing on the gathering, processing, transportation, and storage of natural gas and natural gas liquids. The company utilizes an integrated network of pipelines and processing facilities to ensure the efficient movement of energy resources from production sites to end-users. Oneok generates revenue by charging fees for its services, which are based on the volume of resources transported and processed within its infrastructure.
Murphy USA Inc operates a chain of retail stores that primarily sell motor fuel and convenience merchandise. They focus on providing low-cost fuel prices to attract customers and generate revenue through the sale of convenience items within their stores.
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: publicly traded companies.
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