Phillips 66’s Midstream Transportation Volume (2016-2023)

This statistic highlights Phillips 66’s Midstream Transportation Volume, split across Pipelines (000’s BPD) and Terminals (000’s BPD), reported on a quarterly basis from Q1 2016 onwards.

Phillips 66, which has its headquarters in Houston, Texas, was incorporated in Delaware in 2011. It was incorporated in connection with, and in anticipation of, a restructuring of ConocoPhillips. ConocoPhillips separated its downstream business into an independent, publicly-traded company named Phillips 66. Phillips 66 stock trades under the “PSX” ticker symbol on the New York Stock Exchange (NYSE).

Phillips 66’s Midstream Transportation Volume

(all figures are in thousands, except percentages)

The Midstream sector provides transportation, terminaling, and processing services for crude oil and refined petroleum products, as well as natural gas and NGL transportation, storage, fractionation, processing, and marketing services, primarily in the United States.

Phillips 66 total midstream transportation volume, witnessed fluctuations in all quarters from the start. The company’s transportation volume increased from 5.69 thousand in Q1 2016 to 6.06 thousand in Q4 2021, projecting an incline of 6.5% or 0.35 thousand in a span of 6 years. Comparing yearly, the transportation volume increased from 5.98 thousand in Q4 2020 to 6.06 thousand in Q4 2021, marking a growth of 1.34% or 0.08 thousand. Quarterly, Phillips’s total transportation volume witnessed a fall from 6.25 thousand in Q3 2021 to 6.06 thousand in Q1 2021, projecting a decline of 3.04%. 

Phillips 66’s total midstream transportation volume is further bifurcated into the following segments.

Pipelines (000’s BPD)

The company’s transportation volume from this segment decreased from 3.48 thousand in Q1 2016 to 3.27 thousand in Q4 2021, accounting for a decline of 6.03% or 0.21 thousand in 6 years. The volume rose from 3.01 thousand in Q4 2020 to 3.27 thousand in Q4 2021, projecting an incline of 8.64% or 0.26 thousand on a year-on-year basis. Quarterly, there was a decline in the transportation volume from 3.48 thousand in Q3 2021 to 3.27 thousand in Q4 2021 leading to a decline of 6.03% or 0.21 thousand. The transportation volume generated from this segment accounts for 53.97% of the total transportation volume of the company in Q4 2021.

Terminals (000’s BPD)

Phillips transportation volume from terminals (000’s BPD) witnessed a rise from 2.20 thousand in Q1 2016 to 2.79 thousand in Q4 2021, leading to a growth of 26.82% or 0.59 thousand. The transportation volume declined from 2.97 thousand in Q4 2020 to 2.79 thousand in Q4 2021, witnessing a decline of 6.06% or 0.18 thousand on a yearly basis. However, comparing quarterly, the revenue rose to 2.79 thousand in Q4 2021, from 2.77 thousand in Q3 2021, marking a growth of 0.72% or 0.02 thousand. This segment accounts for 46.03% of the total transaction volume in Q4 2021.

About Phillips 66

With more than 140 years of experience, Phillips 66 is well-positioned to help meet global energy needs. Phillips 66 is a company with unique businesses in Refining, Midstream, Chemicals, and Marketing and Specialties. The company holds a total of 501 active patents in 22 countries worldwide, including 391 active U.S. patents. The company’s business is organized into four operating segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). Midstream provides transportation, terminaling, and processing services for crude oil and refined petroleum products, as well as natural gas and NGL transportation, storage, fractionation, processing, and marketing services, mostly in the United States. Phillips 66’s 50 per cent equity stake in DCP Midstream, and the company’s investment in NOVONIX are all part of the Midstream sector. Chemicals consist of the company’s 50% equity investment in CPChem, which manufactures and markets petrochemicals and plastics on a worldwide basis. The Refining segment is engaged in refining crude oil and other feedstocks into petroleum products, like aviation fuels, gasoline and distillates. The Marketing and Specialties segment buys refined petroleum products to resell them in the United States and Europe.

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