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Our Midstream assets are highly integrated with our Refining, Marketing and Specialties, and Chemicals segments. Our business is focused on three primary areas: crude oil pipelines and terminals, products pipelines and terminals and the NGL wellhead-to-market value chain.

The integration of DCP Midstream, a major processor of natural gas and one of the largest U.S. producers and marketers of NGLs, bolsters Phillips 66’s already strong position in the latter. Learn more about DCP Midstream.


We have an integrated network of businesses and assets across the energy manufacturing value chain. Our Midstream business provides product transportation, terminaling and processing services, as well as natural gas and NGL transportation, storage, fractionation, gathering and processing, and marketing services, mainly in the United States. This segment includes DCP Midstream, LLC and our 16% investment in NOVONIX Limited.


miles of U.S. pipeline systems


BPD of fractionation capacity


BPD of natural gas processing

Source: 2022 Year in Review