Phillips 66, founded in 2012 and headquartered in Houston, Texas, is a multinational energy manufacturing and logistics company committed to safely and efficiently delivering energy products. The company operates across various segments, including refining, midstream, and chemicals, producing fuels, lubricants, and petrochemicals.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Phillips 66 first began issuing bonds to finance its operations and capital expenditures shortly after its formation in 2012. Notable bond issuances include a $1 billion offering in 2020, which aimed to support sustainability initiatives, and a series of green bonds launched in 2021, reflecting the company's commitment to environmentally friendly practices. Current yields on Phillips 66 bonds are competitive within the industry, often trading tighter than the sector averages due to strong credit ratings and robust operational performance.