Market Summary
USD120.26+1.68
Market Closed1.42%
PSX Stock Price
PSX RSI Chart
PSX Valuation
PSX Price/Sales (Trailing)
PSX Profitability
PSX Fundamentals
PSX Revenue
PSX Earnings
Price Action
52 Week Range
73.37125.19
(Low)(High)
Last 7 days
-1.8%
Last 30 days
5.6%
Last 90 days
29.9%
Trailing 12 Months
59.7%
PSX Financial Health
PSX Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for PSX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-12 | Roberts Timothy D. | sold | -1,613,600 | 124 | -12,970 | executive vice president |
2023-09-12 | Roberts Timothy D. | acquired | 1,395,060 | 89.05 | 15,666 | executive vice president |
2023-09-08 | Mitchell Kevin J | acquired | 2,421,500 | 78.62 | 30,800 | exec. vp and cfo |
2023-09-08 | Mitchell Kevin J | sold | -3,725,970 | 120 | -30,800 | exec. vp and cfo |
2023-09-01 | Pruitt Joseph Scott | sold | -819,140 | 117 | -7,000 | vice president and controller |
2023-09-01 | HAYES GREGORY | acquired | - | - | 97.00 | - |
2023-08-11 | Roberts Timothy D. | acquired | 13,133,800 | 87.1907 | 150,633 | executive vice president |
2023-08-11 | Roberts Timothy D. | sold | -14,885,800 | 116 | -127,578 | executive vice president |
2023-08-09 | Mitchell Kevin J | acquired | 733,936 | 74.135 | 9,900 | exec. vp and cfo |
2023-08-09 | Mitchell Kevin J | sold | -1,138,500 | 115 | -9,900 | exec. vp and cfo |
Which funds bought or sold PSX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | added | 7.92 | 783 | 53,378 | -% |
2023-09-20 | BARCLAYS PLC | added | 416 | 564,569,000 | 710,721,000 | 0.45% |
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | reduced | -2.47 | -54,201 | 603,755 | 0.25% |
2023-09-13 | CGC Financial Services, LLC | new | - | 2,671 | 2,671 | -% |
2023-09-12 | DCM Advisors, LLC | reduced | -0.06 | -145,383 | 2,288,550 | 0.98% |
2023-09-12 | Farther Finance Advisors, LLC | added | 18.02 | 41,500 | 417,961 | 0.09% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -87.69 | -5,827 | 763 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 186,086 | 186,086 | 0.01% |
2023-09-05 | Covenant Partners, LLC | added | 11.24 | 44,683 | 1,004,450 | 0.36% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | -396 | 6,296 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Phillips 66
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 10.62% | 50,216,131 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.9% | 37,326,049 | SC 13G/A | |
| Feb 03, 2023 | state street corp | 6.92% | 32,689,120 | SC 13G/A | |
| Mar 09, 2022 | vanguard group inc | 10.19% | 44,677,746 | SC 13G/A | |
| Feb 11, 2022 | state street corp | 6.76% | 29,629,712 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 9.90% | 43,385,615 | SC 13G/A | |
| Feb 07, 2022 | blackrock inc. | 7.2% | 31,574,587 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 9.79% | 42,759,263 | SC 13G/A | |
| Feb 09, 2021 | state street corp | 6.12% | 26,710,734 | SC 13G | |
| Jan 29, 2021 | blackrock inc. | 7.5% | 32,908,454 | SC 13G/A |
Recent SEC filings of Phillips 66
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 13, 2023 | 4 | Insider Trading | |
| Sep 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 11, 2023 | 4 | Insider Trading | |
| Sep 08, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 15, 2023 | 4 | Insider Trading | |
| Aug 11, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 11, 2023 | 4 | Insider Trading |
Peers (Alternatives to Phillips 66)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
APA | - | 8.8B | -4.00% | 25.54% | - | - | -19.24% | -60.57% |
XOM | 465.3B | 377.0B | 7.37% | 37.69% | 9 | 1.23 | 3.30% | 32.79% |
CVX | 315.0B | 222.8B | 6.03% | 18.48% | 10.44 | 1.41 | 3.16% | 3.86% |
COP | 146.1B | 69.3B | 3.90% | 23.80% | 11.3 | 2.11 | 0.61% | -18.74% |
MPC | 64.3B | 159.2B | 7.10% | 69.67% | 5.04 | 0.4 | -1.00% | 55.73% |
PSX | 54.7B | 160.5B | 5.59% | 59.65% | 5 | 0.34 | 6.24% | 101.57% |
| MID-CAP | ||||||||
MUR | 7.0B | 3.8B | 0.92% | 36.05% | 6.92 | 1.85 | 8.18% | 97.97% |
PBF | 6.8B | 42.1B | 13.23% | 81.83% | 2.19 | 0.16 | 8.83% | 120.09% |
CVI | 3.4B | 9.9B | 2.43% | 32.24% | 5.71 | 0.34 | 4.08% | 53.09% |
CPE | 2.4B | 2.7B | 3.59% | 14.92% | 2.52 | 0.89 | 12.93% | 24.18% |
| SMALL-CAP | ||||||||
GPRE | 1.8B | 3.6B | -1.27% | 12.22% | -8 | 0.52 | 6.48% | -193.65% |
CLMT | 1.5B | 4.2B | 12.66% | 33.15% | -34.93 | 0.37 | -1.01% | 69.88% |
GEVO | 292.3M | 11.8M | -8.21% | -44.34% | -2.89 | 24.75 | 1454.08% | -69.46% |
Phillips 66 News
Returns for PSX
Cumulative Returns on PSX
11.0%
10-Year Cumulative Returns
9.9%
7-Year Cumulative Returns
4.9%
5-Year Cumulative Returns
36.1%
3-Year Cumulative Returns
Risks for PSX
What is the probability of a big loss on PSX?
85.4%
Probability that Phillips 66 stock will be more than 20% underwater in next one year
40.8%
Probability that Phillips 66 stock will be more than 30% underwater in next one year.
25%
Probability that Phillips 66 stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PSX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Phillips 66 was unfortunately bought at previous high price.
Drawdowns
Financials for Phillips 66
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -7.8% | 160,500 | 174,069 | 175,702 | 168,363 | 151,071 | 129,647 | 114,852 | 98,052 | 82,879 | 66,177 | 65,494 | 78,338 | 89,810 | 106,474 | 109,559 | 108,374 | 111,195 | 112,328 | 112,716 | 113,741 | 109,355 |
| S&GA Expenses | 4.5% | 2,445 | 2,340 | 2,168 | 2,017 | 1,824 | 1,769 | 1,744 | 1,697 | 1,657 | 1,633 | 1,544 | 1,603 | 1,635 | 1,634 | 1,681 | 1,609 | 1,633 | 1,657 | 1,677 | 1,695 | 1,690 |
| EBITDA | - | - | - | - | - | - | - | -3,179 | -3,047 | -3,056 | -3,077 | -3,091 | -1,404 | 873 | 3,138 | 5,945 | 5,952 | 6,151 | 3,176 | 9,266 | 4,566 | 4,557 |
| EBITDA Margin | - | - | - | - | - | - | - | -0.03* | -0.03* | -0.04* | -0.05* | -0.05* | -0.02* | 0.01* | 0.03* | 0.05* | 0.05* | 0.05* | 0.03* | 0.08* | 0.04* | 0.04* |
| EBT Margin | - | - | - | - | - | - | - | -0.04* | -0.05* | -0.06* | -0.08* | -0.08* | -0.04* | -0.01* | 0.01* | 0.04* | 0.04* | 0.04* | 0.01* | 0.07* | 0.03* | 0.03* |
| Net Income | -11.9% | 10,933 | 12,403 | 11,024 | 10,413 | 5,424 | 2,553 | 1,317 | -495 | -1,696 | -2,133 | -3,975 | -2,700 | -1,189 | 376 | 3,076 | 4,580 | 5,360 | 5,275 | 5,595 | 6,553 | 5,884 |
| Net Income Margin | -100.0% | - | 0.07* | 0.06* | 0.06* | 0.04* | 0.02* | 0.01* | -0.01* | -0.02* | -0.03* | -0.06* | -0.03* | -0.01* | 0.00* | 0.03* | 0.04* | 0.05* | 0.05* | 0.05* | 0.06* | 0.05* |
| Free Cashflow | -100.0% | - | 10,876 | 10,813 | 7,863 | 6,922 | 6,882 | 6,017 | 4,856 | 3,144 | 2,165 | 2,111 | 3,166 | 4,337 | 5,503 | 4,808 | 7,253 | 6,173 | 6,607 | 7,573 | 5,365 | 5,184 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -3.1% | 74,886 | 77,262 | 76,442 | 77,339 | 62,812 | 60,638 | 55,594 | 56,407 | 56,977 | 55,496 | 54,721 | 54,281 | 54,518 | 53,460 | 58,720 | 58,741 | 57,781 | 57,855 | 54,302 | 55,884 | 54,826 |
| Current Assets | -12.2% | 19,898 | 22,670 | 21,922 | 23,270 | 22,492 | 19,854 | 14,697 | 16,019 | 15,780 | 14,418 | 13,276 | 12,822 | 12,499 | 11,705 | 14,395 | 15,617 | 14,295 | 14,815 | 13,209 | 15,314 | 14,579 |
| Cash Equivalents | -56.5% | 3,029 | 6,965 | 6,133 | 3,744 | 2,809 | 3,335 | 3,147 | 2,897 | 2,207 | 1,351 | 2,514 | 1,462 | 1,890 | 1,221 | 1,614 | 2,268 | 1,819 | 1,253 | 3,019 | 924 | 1,884 |
| Inventory | 17.2% | 6,380 | 5,445 | 3,276 | 4,294 | 4,580 | 4,530 | 3,394 | 4,400 | 4,752 | 4,273 | 3,893 | 4,897 | 5,136 | 5,331 | 3,776 | 5,521 | 5,093 | 5,344 | 3,543 | 5,544 | 4,901 |
| Net PPE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 22,954 | 22,503 | 22,263 | 22,018 | 21,625 | 21,465 |
| Goodwill | 0% | 1,486 | 1,486 | 1,486 | 1,486 | 1,486 | 1,484 | 1,484 | 1,425 | 1,425 | 1,425 | 1,425 | 1,425 | 1,425 | 1,425 | 3,270 | 3,270 | 3,270 | 3,270 | 3,270 | 3,270 | 3,270 |
| Liabilities | 3.5% | 43,826 | 42,346 | 42,336 | 44,030 | 38,239 | 38,517 | 33,957 | 35,810 | 36,375 | 35,039 | 33,198 | 31,976 | 31,223 | 29,821 | 31,551 | 31,649 | 30,475 | 31,110 | 27,149 | 30,089 | 29,866 |
| Current Liabilities | 1.8% | 14,971 | 14,705 | 15,889 | 17,882 | 17,608 | 17,603 | 12,801 | 13,921 | 14,551 | 11,431 | 9,518 | 10,513 | 10,023 | 10,529 | 11,646 | 12,083 | 11,171 | 11,328 | 8,935 | 11,974 | 11,732 |
| Long Term Debt | 7.8% | 19,034 | 17,660 | 16,661 | 16,625 | 12,443 | 12,960 | 12,959 | 13,421 | 12,924 | 14,906 | 14,906 | 12,666 | 12,663 | 10,720 | 11,216 | 11,083 | 10,772 | 11,268 | 11,093 | 11,021 | 11,023 |
| Shareholder's Equity | -14.4% | 29,898 | 34,916 | 29,494 | 28,233 | 24,573 | 22,121 | 21,637 | 20,597 | 20,602 | 20,457 | 21,523 | 22,305 | 23,295 | 23,639 | 27,169 | 27,092 | 27,306 | 26,745 | 27,153 | 25,795 | 24,960 |
| Retained Earnings | 4.5% | 28,122 | 26,903 | 25,432 | 24,008 | 19,087 | 16,391 | 16,216 | 15,350 | 15,345 | 15,449 | 16,500 | 17,436 | 18,631 | 19,168 | 22,064 | 21,730 | 21,423 | 20,408 | 20,489 | 18,618 | 17,500 |
| Additional Paid-In Capital | -1.7% | 19,463 | 19,795 | 19,791 | 19,738 | 19,717 | 19,667 | 20,504 | 20,488 | 20,463 | 20,420 | 20,383 | 20,363 | 20,342 | 20,305 | 20,301 | 20,253 | 19,912 | 19,879 | 19,873 | 19,860 | 19,831 |
| Shares Outstanding | -2.2% | 454 | 465 | - | 481 | 483 | 449 | - | 440 | 440 | 440 | - | 439 | 439 | 441 | - | 449 | 454 | 458 | - | 466 | 468 |
| Minority Interest | -75.1% | 1,162 | 4,667 | 4,612 | 5,076 | 297 | 306 | 2,471 | 2,458 | 2,453 | 2,478 | 2,539 | 2,583 | 2,580 | 2,267 | 2,259 | 2,235 | 2,554 | 2,528 | 2,500 | 2,476 | 2,424 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -7.6% | 10,048 | 10,876 | 10,813 | 7,863 | 6,922 | 6,882 | 6,017 | 4,856 | 3,144 | 2,165 | 2,111 | 3,166 | 4,337 | 5,503 | 4,808 | 7,253 | 6,173 | 6,607 | 7,573 | 5,365 | 5,184 |
| Cashflow From Investing | -10.6% | -1,466 | -1,325 | -1,488 | -1,813 | -1,772 | -1,833 | -1,872 | -1,828 | -1,874 | -2,669 | -3,079 | -3,822 | -4,126 | -3,553 | -3,688 | -3,363 | -3,236 | -3,126 | -2,471 | -2,010 | -1,672 |
| Cashflow From Financing | -42.0% | -8,509 | -5,993 | -6,388 | -5,124 | -4,472 | -3,037 | -3,470 | -1,620 | -1,019 | 570 | 1,791 | -190 | -117 | -1,951 | -2,511 | -2,500 | -2,988 | -3,042 | -5,167 | -3,978 | -3,771 |
| Dividend Payments | 0.4% | 1,882 | 1,875 | 1,793 | 1,740 | 1,668 | 1,595 | 1,585 | 1,575 | 1,574 | 1,573 | 1,575 | 1,580 | 1,589 | 1,602 | 1,570 | 1,539 | 1,507 | 1,473 | 1,436 | 1,422 | 1,408 |
| Buy Backs | 53.7% | 3,556 | 2,313 | 1,513 | 760 | 66.00 | - | - | - | - | - | 443 | 855 | 1,294 | 1,749 | 1,650 | 1,735 | 1,701 | 1,476 | 4,645 | 4,611 | 4,667 |
PSX Income Statement
2023-06-30Consolidated Statement of Income - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues and Other Income | ||||
| Sales and other operating revenues | $ 35,090 | $ 48,577 | $ 69,486 | $ 84,756 |
| Equity in earnings of affiliates | 563 | 917 | 1,174 | 1,602 |
| Net gain (loss) on dispositions | (12) | 0 | 22 | 1 |
| Other income (loss) | 99 | (185) | 147 | (328) |
| Total Revenues and Other Income | 35,740 | 49,309 | 70,829 | 86,031 |
| Costs and Expenses | ||||
| Purchased crude oil and products | 30,571 | 42,645 | 59,912 | 76,140 |
| Operating expenses | 1,384 | 1,431 | 2,962 | 2,771 |
| Selling, general and administrative expenses | 593 | 488 | 1,198 | 921 |
| Depreciation and amortization | 495 | 359 | 971 | 697 |
| Impairments | 4 | 2 | 12 | 2 |
| Taxes other than income taxes | 174 | 118 | 381 | 267 |
| Accretion on discounted liabilities | 7 | 6 | 13 | 12 |
| Interest and debt expense | 266 | 133 | 458 | 268 |
| Foreign currency transaction losses | 2 | 21 | 27 | 19 |
| Total Costs and Expenses | 33,496 | 45,203 | 65,934 | 81,097 |
| Income before income taxes | 2,244 | 4,106 | 4,895 | 4,934 |
| Income tax expense | 510 | 924 | 1,084 | 1,095 |
| Net Income | 1,734 | 3,182 | 3,811 | 3,839 |
| Less: net income attributable to noncontrolling interests | 37 | 15 | 153 | 90 |
| Net Income Attributable to Phillips 66 | $ 1,697 | $ 3,167 | $ 3,658 | $ 3,749 |
| Net Income Attributable to Phillips 66 Per Share of Common Stock (dollars) | ||||
| Basic (in usd per share) | $ 3.73 | $ 6.55 | $ 7.95 | $ 8.03 |
| Diluted (in usd per share) | $ 3.72 | $ 6.53 | $ 7.92 | $ 8.00 |
| Weighted-Average Common Shares Outstanding (thousands) | ||||
| Basic (in shares) | 454,450 | 483,088 | 459,602 | 466,286 |
| Diluted (in shares) | 456,168 | 485,035 | 461,906 | 468,338 |
PSX Balance Sheet
2023-06-30Consolidated Balance Sheet - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 3,029 | $ 6,133 |
| Inventories | 6,380 | 3,276 |
| Prepaid expenses and other current assets | 1,031 | 1,528 |
| Total Current Assets | 19,898 | 21,922 |
| Investments and long-term receivables | 15,532 | 14,950 |
| Net properties, plants and equipment | 35,232 | 35,163 |
| Goodwill | 1,486 | 1,486 |
| Intangibles | 786 | 831 |
| Other assets | 1,952 | 2,090 |
| Total Assets | 74,886 | 76,442 |
| Liabilities | ||
| Short-term debt | 832 | 529 |
| Accrued income and other taxes | 1,181 | 1,397 |
| Employee benefit obligations | 557 | 764 |
| Other accruals | 1,965 | 1,876 |
| Total Current Liabilities | 14,971 | 15,889 |
| Long-term debt | 19,034 | 16,661 |
| Asset retirement obligations and accrued environmental costs | 876 | 879 |
| Deferred income taxes | 6,819 | 6,671 |
| Employee benefit obligations | 924 | 937 |
| Other liabilities and deferred credits | 1,202 | 1,299 |
| Total Liabilities | 43,826 | 42,336 |
| Equity | ||
| Common stock, value | 7 | 7 |
| Capital in excess of par | 19,463 | 19,791 |
| Treasury stock (at cost: 2023—208,073,327 shares; 2022—186,529,667 shares) | (17,422) | (15,276) |
| Retained earnings | 28,122 | 25,432 |
| Accumulated other comprehensive loss | (272) | (460) |
| Total Stockholders’ Equity | 29,898 | 29,494 |
| Noncontrolling interests | 1,162 | 4,612 |
| Total Equity | 31,060 | 34,106 |
| Total Liabilities and Equity | 74,886 | 76,442 |
| Nonrelated Party | ||
| Assets | ||
| Accounts and notes receivable (net of allowances of $68 million in 2023 and $67 million in 2022) | 8,234 | 9,497 |
| Liabilities | ||
| Accounts payable | 9,722 | 10,748 |
| Related Party | ||
| Assets | ||
| Accounts and notes receivable (net of allowances of $68 million in 2023 and $67 million in 2022) | 1,224 | 1,488 |
| Liabilities | ||
| Accounts payable | $ 714 | $ 575 |
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.