Type | Private |
---|---|
Industry | Petroleum industry |
Founded | 2005 |
Key people | Don Baldridge (Interim CEO) |
Products | Midstream services |
Revenue | $9.8 billion (2018) [1] |
$223 million (2018) | |
$302 million (2018) | |
Total assets | $14.3 billion (2018) |
Total equity | $7.3 billion (2015) |
Owner | Phillips 66 and Enbridge |
Number of employees | 2,650 [2] (2018) |
Website | www |
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]
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]
Sunoco LP is an American master limited partnership organized under Delaware state laws and headquartered in Dallas, Texas. Dating back to 1886, the company has transitioned from a vertically integrated energy company to a distributor of fuels. It was previously engaged in oil, natural gas exploration and production, refining, chemical manufacturing, and retail fuel sales, but divested these businesses. Sunoco is the largest independent distributor of fuels in the United States.
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