Phillips 66 (NYSE:PSX) will make an immediate contribution of $500,000 to the American Red Cross to assist local disaster relief operations following Hurricane Sandy. The company also will match individual employee contributions through its Matching Gift Program. Additionally, Phillips 66 is supporting affected employees by offering financial assistance to those who have experienced significant damage to their homes.
“Our thoughts and prayers are with all those who have been affected by the storm, especially our employees and their families at the Bayway refinery and our three storage terminals nearby,” said Greg Garland, chairman and chief executive officer of Phillips 66. “Assisting our employees and our community is consistent with our values of safety, honor and commitment.”
About Phillips 66
Headquartered in Houston, Phillips 66 is an advantaged downstream energy company with segment-leading Refining and Marketing (R&M), Midstream and Chemicals businesses. The company has approximately 14,000 employees worldwide. Phillips 66’s R&M operations include 15 refineries with a net crude oil capacity of 2.2 million barrels per day, 10,000 branded marketing outlets, and 15,000 miles of pipeline systems. In Midstream, the company primarily conducts operations through its 50 percent interest in DCP Midstream, LLC, one of the largest natural gas gatherers and processors in the United States, with 7.2 billion cubic feet per day of gross natural gas processing capacity. Phillips 66’s Chemicals business is conducted through its 50 percent interest in Chevron Phillips Chemical Company LLC, one of the world’s top producers of olefins and polyolefins with more than 30 billion pounds of net annual chemicals processing capacity across its product lines. For more information, visit
www.phillips66.com or follow us on Twitter @Phillips66Co.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts