DCP Midstream Partners

Last updated
DCP Midstream Partners, LP
Type Private
Industry Petroleum industry
Founded2005
Key people
Don Baldridge (Interim CEO)
Products Midstream services
RevenueIncrease2.svg $9.8 billion (2018) [1]
Increase2.svg $223 million (2018)
Increase2.svg $302 million (2018)
Total assets Increase2.svg $14.3 billion (2018)
Total equity Decrease2.svg $7.3 billion (2015)
Owner Phillips 66 and Enbridge
Number of employees
2,650 [2]  (2018)
Website www.dcpmidstream.com

DCP Midstream Partners, LP ( Enbridge and Phillips 66 ) is a Fortune 500 company for midstream petroleum services (i.e. transportation and refinery), headquartered in Denver, Colorado. [3]

Contents

Background

As a publicly traded partnership, the company does not have directors, officers, or employees of its own, but relies on its general partner for managing its operations. [4] As of 2015, it had a total economic value of more than $6 billion and 628 employees providing support, making it one of the largest midstream petroleum services company in the United States. [5] In June 2023, Phillips 66 increased its ownership stake in DCP Midstream to 86% by acquiring all publicly-listed stock from the New York Stock Exchange. [6]

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References

  1. DCP Midstream "2018 10k"
  2. "DCP Midstream". Fortune. Archived from the original on 2018-06-22. Retrieved 2018-12-14.
  3. "DCP Midstream". Fortune. Archived from the original on 2018-06-22. Retrieved 2018-12-14.
  4. "Fortune 1000 List". Fortune. Time. Retrieved 2016-10-31.
  5. "2015 Annual Report". DCP. DCP. Retrieved 2016-10-31.
  6. Pulsinelli, Olivia (June 15, 2023). "Phillips 66 completes $3.8B acquisition of DCP Midstream's public units". Houston Business Journal.