What Phillips 66 UK does

Phillips 66 UK is the United Kingdom operating subsidiary of Phillips 66 Company (NYSE: PSX), a Houston-headquartered integrated energy manufacturing and logistics company. The UK business is anchored by the Humber Refinery in North Lincolnshire, which employs over 1,000 people and is the first refinery in the world to deploy Shell Cansolv CO2 capture technology at scale, targeting 95%+ capture from FCC flue gas with geological storage under the North Sea via the Humber Zero consortium. In April 2026, Phillips 66 Limited completed the acquisition of Lindsey Oil Refinery assets from Prax Lindsey Oil Refinery Limited, integrating the site into Humber Refinery operations to enhance UK domestic fuel supply, with 109 site workers retained and 55 additional redundancies resulting from the consolidation.

The UK subsidiary participates in the parent company's fully integrated downstream value chain spanning refining, midstream (pipelines, terminals, NGL processing via DCP Midstream, acquired 2023), marketing and retail (Phillips 66, Conoco, 76 brands), aviation fuels (the only refiner in the branded aviation FBO space), specialty products, and renewable fuels (Rodeo Renewed targeting 800 million gallons per year). Phillips 66 also holds a 50/50 joint venture with Chevron in Chevron Phillips Chemical Company for petrochemical production and operates the 50/50 WRB Refining JV with Cenovus. UK operations specifically contribute to petrochemical feedstock supply, jet fuel, and transportation fuels for commercial and aviation customers across the UK and broader European markets.

Phillips 66 generates revenue through transaction-fee and licensing models across refining (approximately 2 million BPD across 11 US refineries), midstream (transportation, storage, fractionation, and export), chemicals JV royalties, retail fuel sales (including the Fuel Forward mobile app with per-gallon financial incentives), aviation fuel sales to a 50,000+ branded FBO network, and emerging renewable diesel and SAF volumes. UK operations contribute to this diversified mix via Humber's fuel and jet production, with growth strategy centered on UK energy security through the Lindsey integration, lower-carbon fuel production, and positioning Humber as a UK hub for industrial carbon capture and circular feedstock processing under ISCC PLUS certification.

Name

Phillips 66 UK

Legal name

Phillips 66 Company

Website

https://phillips66.com

Company type

Public

Founded year

2012

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Phillips 66 UK operates the Humber Refinery and integrates the newly acquired Lindsey Oil Refinery assets, producing transportation fuels, jet fuel, and petrochemical feedstocks as part of Phillips 66's integrated downstream energy value chain serving UK and European markets.

Ownership category

akta.pro rank

Product category

Petroleum Refining and Fuel Manufacturing

NAICS

Petroleum Refineries (32411), Petroleum and Coal Products Manufacturing (3241), Pipeline Transportation of Refined Petroleum Products (486910), Natural Gas Extraction (21113)

SIC

Petroleum Refining (2911), Wholesale-Petroleum Bulk Stations & Terminals (5171), Natural Gas Transmisison & Distribution (4923), Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Distillation & Fractionation (Crude, Condensate & NGL Splitters) (EUALAGAD)

akta.pro secondary industries

Gas Processing & NGL Recovery (Dehydration, Sweetening, Cryogenic Recovery) (EUALAGAG), Crude Oil & Condensate Terminals (Tank Farms, Marine/Truck/Rail Loading) (EUALAEAA), Blending, Additization & Terminal Operations (In-Terminal Blending, Dyeing, Bio-blending) (EUALAEAJ), Sulfur & Acid Gas Feedstocks (Sulfur, Sulfuric Acid, Mercaptans) (EUALAHAH)

Keywords

• Refined petroleum products
• Crude oil refining
• Aviation jet fuel
• Pipeline transportation services
• Renewable diesel production

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices15 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel, Technology or R&D

Revenue model

1. Refining: Processes crude oil into transportation fuels, petrochemical feedstocks, home heating oil, fuel-grade petroleum coke, solvents, and sulfur. Operates 11 US refineries with approximately 2 million BPD combined capacity.
2. Marketing and Retail: Sells refined products through branded retail station network (Phillips 66, Conoco, 76 brands) and travel centers. Includes Fuel Forward mobile app with financial incentives for gasoline purchases.
3. Midstream: Transportation and storage of natural gas, NGLs, and refined products through pipelines, terminals, and storage facilities. Includes gathering, processing, fractionation, and logistics services. Segment added $644 million to Q3 earnings.
4. Chemicals (CPChem Joint Venture): 50/50 joint venture with Chevron producing petrochemicals including ethylene, propylene, and specialty chemicals through world-class projects in Gulf Coast region and Qatar.
5. Renewable Fuels: Production of renewable diesel, sustainable aviation fuel (SAF), and renewable naphtha from feedstocks including used cooking oil, animal fats, greases, and soybean oils. Rodeo Renewed project targeting 800 million gallons per year capacity.
6. Aviation Fuels and Specialties: Phillips 66 Aviation brand supplies jet fuel and aviation gasoline through branded FBO network. Specialties segment includes lubricants, bitumen, and other specialty products.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels6 records

Core offering

Phillips 66 UK refines crude oil into transportation fuels, jet fuel, heating oil, and petrochemical feedstocks at its Humber Refinery in North Lincolnshire, and operates midstream logistics for crude, NGLs, and refined products. Following the April 2026 acquisition, Lindsey Oil Refinery assets are being integrated into Humber operations to enhance UK domestic fuel supply, energy security, and carbon capture capability. The UK operations are also the first in the world to deploy Shell Cansolv CO2 capture technology at a refinery, capturing at least 95% of CO2 in FCC flue gas for compression, transport, and geological storage under the North Sea.

Product overview

Phillips 66 is an integrated energy manufacturing and logistics company that operates across the downstream petroleum value chain. The company operates as a platform-plus-products model with core operations in Refining, Midstream (pipeline transportation and storage), Marketing (retail fuel brands), and Renewable Fuels. Its portfolio includes multiple retail fuel sub-brands (76, Conoco, Phillips 66, Jet), lubricant brands (Phillips 66 Lubricants, Kendall, Red Line), and specialty products (Asphalt, Specialties). The company also holds a 50% stake in Chevron Phillips Chemical Company (CPChem) for petrochemical operations. Recent renewable energy initiatives include renewable diesel and sustainable aviation fuel (SAF) production at facilities like the Rodeo Renewed project.

Differentiator

Problem solved

Functional benefit

Brands

• Conoco: Fuel brand identity
• 76
• Jet
• Phillips 66 Aviation
• Phillips 66 Lubricants
• Kendall
• Red Line

Products and services

• Refined Petroleum Products (Humber Refinery)
• Lindsey Oil Refinery Asset Integration
• Carbon Capture and Storage (Humber Cansolv CO2 Project)
• Midstream NGL and Refined Products Logistics
• Renewable Diesel and Sustainable Aviation Fuel (SAF)
• Petrochemicals (Chevron Phillips Chemical, CPChem)
• Phillips 66 Aviation Branded FBO Network and Jet Fuel Supply
• Branded Retail Fuels (Phillips 66, Conoco, 76)
• Phillips 66 Lubricants, Kendall, and Red Line Brands
• Asphalt Products
• Specialty Petroleum Products
• Crude Oil Marketing

Quantifiable outcome

• DCP Midstream integration delivered over $400 million in run-rate synergies exceeding target
• +6 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators18 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• TotalEnergies: Integrated oil major with European refining footprint, renewable/biotech operations, and trading platform. Comparable to Phillips 66 in energy transition pivots and integrated downstream portfolio.
• Chevron: Integrated oil major and 50/50 JV partner in CPChem. Comparable refining capacity, US Gulf Coast midstream footprint, and chemicals exposure through the CPChem platform Phillips 66 shares.
• BP: Integrated oil major with major UK refining presence (Castrol, retail) and large trading operations. Comparable to Phillips 66's UK footprint via Humber-adjacent assets and comparable downstream/marketing business.
• ExxonMobil: Largest integrated oil major and counterparty to Phillips 66's GCGV ethane supply contract via C2G Pipeline. Comparable scale of refining, petrochemical, and trading operations.
• Shell: Integrated oil major headquartered in London with extensive UK refining and trading operations. Phillips 66's Humber carbon capture deploys Shell's Cansolv technology, illustrating direct operational overlap in UK refining and CCS.

Direct peers

• Valero Energy: Largest independent US refiner with ~3.2 million BPD capacity across 15 refineries plus renewable diesel operations (Diamond Green Diesel). Closest direct peer to Phillips 66 in refining scale, renewable diesel strategy, and merchant business model.
• Delek US Holdings: US independent refiner with ~300,000 BPD capacity plus midstream and retail operations. Smaller-scale but directly comparable independent refining-to-retail business model.
• PBF Energy: US independent refiner with ~1 million BPD capacity across East Coast, West Coast, and Mid-Continent facilities. Comparable merchant refining exposure and downstream logistics integration.
• HF Sinclair (HollyFrontier): US independent refiner with ~600,000 BPD capacity plus renewable diesel (Sinclair renewable) and lubricant businesses (Red Giant, Petro-Canada). Overlapping refining plus specialty products model with renewable fuels exposure.
• Marathon Petroleum: Major US independent refiner (~2.9 million BPD), midstream operator (MPLX), and retailer (Speedway divestiture). Directly comparable integrated refining-to-midstream platform with overlapping renewable diesel ambitions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/phillips66uk
• YouTubeyoutube.com/@Phillips66Co
• Facebookfacebook.com/Phillips66Co
• LinkedInlinkedin.com/company/phillips-66-uk
• Instagraminstagram.com/phillips66co

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phillips 66 UK