Who Phillips 66 buys from and sells to
US refiner and NGL midstream operator, marketing Phillips 66/76/Conoco fuels and owning half of CPChem.
Buys from 3
- EnbridgeENBpipeline delivery of Canadian heavy crude to Midwest plants
- Crude producersdomestic and imported crude feedstock
- Permian gas processorsNGLs for its fractionators and export dock
Sells to 3
- Phillips 66, 76 and Conoco dealersbranded wholesale gasoline and diesel
- Petrochemical buyersNGLs and LPG for crackers and export
- Chevron Phillips Chemical50/50 chemicals JV with CVX; PSX takes half the earnings
Where the chain could break
- Stopped crude processing at Los Angeles in late 2025, shrinking West Coast footprint
- Earnings swing with crack spreads and NGL export volumes
Competes with
- ValeroVLOUS refining
- Marathon PetroleumMPCUS refining and midstream
- Enterprise ProductsEPDNGL fractionation and export
- Energy TransferETNGL pipelines and export
Mapped by hand from filings and company reporting, as of October 2026. It shows the relationships that matter most, not every contract: most are never disclosed, and agreements change.