Energy and environmental issues are important to policymakers and to Phillips 66. Our vision, to provide energy and improve lives, done with our values of safety, honor and commitment, furthers our strategy.
Phillips 66 has four integrated business units: Midstream, Chemicals, Refining, and Marketing and Specialties. We produce transportation fuels and the materials necessary to create products for modern life and deliver them at scale.
Our products help create health care and medical devices, pharmaceuticals, plastics and rubber, adhesives and sealants, electronics, cars, agricultural products, and even the wind turbines and solar panels that capture alternative energy. We’re an essential part of feeding, clothing and caring for the world’s growing population and moving its commerce. Many oil and gas policy-related concerns focus on the exploration and production sector, including concerns related to hydraulic fracturing, fugitive emissions, venting and flaring. Phillips 66 is not in that sector.
Our corporate strategy is designed for the long term. It is based upon operating excellence and delivers growth, enhances returns, provides shareholder distributions and supports people development. We’re investing to grow infrastructure to move energy and meet global needs. As such, Phillips 66’s strategic and scenario planning seeks to manage the risks our businesses face while evaluating opportunities to execute our strategy.