Phillips 66 Co.

3010 Briarpark Drive,
Houston, Texas 77042
United States,
(281) 293-6600
www.phillips66.com

Phillips 66 Co. is an energy and logistics company. Its midstream segment gathers, processes, transports and markets natural gas; and transports, stores, fractionates and markets natural gas liquids (NGL) in the United States. In addition, this segment transports crude oil and other feedstocks to refineries and other locations, delivers refined and specialty products to market, and provides terminaling and storage services for crude oil and petroleum products. Its chemicals segments consists of our 50 percent equity investment in Chevron Phillips Chemical Company LLC (CPChem), which manufactures and markets petrochemicals and plastics on a worldwide basis. Its refining segment buys, sells and refines crude oil and other feedstocks at refineries in the United States and Europe. Its marketing and specialties segment purchases for resale and markets refined petroleum products (such as gasolines, distillates and aviation fuels), mainly in the United States and Europe. Phillips 66 was originally formed in 1875 and is based in Houston, Texas.

M&A Summary

Buy vs Sell

Year ≤ '12 '13 '14 '15 '16 '17 T
Buy (0.2/yr) # - - 1 - - - 1
Sell (0.4/yr) # - 1 1 - - - 2
vol $1.4B $635M $2.0B
  3

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Largest Phillips Specialty Products, Inc.
$1.4B (2013-12-30)

According to our data here at Mergr, Phillips 66 has acquired 2 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

It’s largest disclosed sale occurred in 2013, when it sold Phillips Specialty Products to Berkshire Hathaway for $1.4B. Phillips 66 has acquired in 1 US state. The Company’s most targeted sectors include chemicals (100%).

When analyzing the energy services and equipment sector as a whole, according to Mergr, in the last 3 years, there are 207 energy services and equipment companies that have made at least 1 acquisition, 17 have acquired at least 5 companies, and 1 has acquired more than 10 companies. The most prolific strategic energy services and equipment acquirer over the past 3 years is Schlumberger, with 7 acquisitions. The most prolific private equity acquirer in the energy services and equipment sector over the past 3 years is Tailwater Capital LLC with 7 platform acquisitions.

Join Mergr and gain access to Phillips 66’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.


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