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Phillips 66 SWOT & PESTLE Analysis

ID : 52563853| Jul 2019| 15 pages

COMPANY PROFILE -Phillips 66

Business Sector :Energy Logistics, Chemicals

Operating Geography :United States and Europe (Germany, Austria, UK, Denmark, Sweden)

About Phillips 66 :

Phillips 66 is an American multinational diversified energy manufacturing and logistics company. It is headquartered in Westchase, Houston, Texas. The company is doing its operations in United States and in countries like Germany, Austria, UK, Denmark and Sweden (Europe). The portfolio of the company includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. The company has around 14,200 employees as of 2019. It was demerged from ConocoPhillips in 2012. ConocoPhillips was an integrated oil and gas company that had both upstream and downstream operations. This had created a problem of imbalance resource allocation and capital distribution between the two operations, thus impacting the company’s growth opportunities. This had led to their demerger that was announced in 2011 and completed in 2012.
Phillips 66’s vision is to provide energy and improve lives through operating excellence, delivering energy safely, efficiently and sustainably.

Phillips 66 Revenue :


US $111,461 million - FY ended Dec 2018 (year-on-year growth of 8.8%)
US $102,354 million - FY ended Dec 2017

Competitive Analysis of Phillips 66

SWOT
PESTLE
The SWOT analysis for Phillips 66 is presented below:
Strengths
Weaknesses
1. Integrated value chain
2. Strong refining capacity of 2.2 Million Barrels of crude oil per day
3. Strong pipelines and terminals infrastructure
4. Feedstock advantaged chemicals portfolio
5. Strong performance of Phillips 66 Partners
6. Supporting inclusiveness and diversity in work place
1. High debt levels of Philips 66 including Phillips 66 Partners
Opportunities
Threats
1. Innovations and creating high grade products
2. Development of new energy resources
3. Emphasis on renewable energy sources
1. Effect of political upheavals on the business volatility
2. Effect of Climate change
3. Effect of weather on business volatility
4. Crude oil price fluctuations
5. Increasingly stringent environmental regulations may increase costs
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Detailed SWOT Analysis of Phillips 66

 

Strength

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Weakness

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Opportunity

1. Innovations and creating high grade products: Phillips 66 is engaged in showcasing technological expertise to produce high-grade petroleum coke upgrading and Sulphur removal. The company already has more than 1,750 active patents in around 70 countries as of 2019. It focuses on conducting research so as to design improve production of today’s conventional fuels, while leveraging the company’s expertise in new ways through its Technology segment. The company is not only substantially increasing its research and development efforts on technologies that complement its existing businesses, but also on alternative and renewable energy sources and environmental preservation.

2. Development of new energy resources: Through the efficient use of a variety of energy sources, Phillips 66 believes that future energy needs can be secured. For the short term, these needs can be fulfilled through oil, natural gas and coal, while in a long run, there is a need of other energy supplies. These alternative energy supplies include renewable, such as wind and solar power, alternatives such as nuclear power and additional fossil fuels such as oil shale, natural gas hydrates and clean coal. In order to fulfil these needs, the company is working to develop energy sources and new technologies – from conventional to heavy oil and natural gas, to alternative supplies of energy – in applications that leverage the company’s expertise and build on existing businesses.

3. Emphasis on renewable energy sources: The world is currently dependent on Coal, oil and natural gas for its energy needs. It is well documented that it has a detrimental impact on our environment and is causing global warming. The world needs more emphasis on using green and renewable energy sources as a substitute for the fossil fuels. Current emphasis has led to a decline of fossil fuels usage from 68% in 2011 to around 57% in 2035. Within the European Union also, renewable energy had a considerable share of around 24.3 % of the total energy produced from all sources. There is also increased emphasis on renewable fuels, alternative energy mandates and energy conservation efforts that also led to the reduction in demand for refined petroleum products. Government also provide tax incentives and other subsidies that helped in making renewable fuels and alternative energy more competitive with respect to refined petroleum products. All these actions lead to reduction in the margins of refined petroleum products and also caused hindrance in their ability to compete with renewable fuels.

Threat

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Major Competitors :

Major Brands :

  • Phillips 66
  • 76
  • Conoco
  • Kendall
  • Red Line
  • JET
  • COOP
  • Excel Paralubes (JV)

Key Business Segments / Diversification :

Phillips 66
Midstream Refining Marketing and Specialtie
Chemicals
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TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in Phillips 66 Analysis Report

1. Phillips 66 Reports First-Quarter Earnings: https://investor.phillips66.com/financial-information/news-releases/news-release-details/2019/Phillips-66-Reports-First-Quarter-Earnings-of-204-Million-or-044-Per-Share/default.aspx

2. Phillips 66 Annual Report 2018: https://s22.q4cdn.com/128149789/files/doc_financials/annual_report/2018/PSX_2018_AnnualReport.pdf

3. Investor Update May 2019: https://s22.q4cdn.com/128149789/files/doc_presentations/2019/05/Investor-Update_May-2019-vF_051019.pdf

4. Phillips 66 - Bank of America Merrill Lynch Refining Conference: https://s22.q4cdn.com/128149789/files/doc_presentations/2019/03/BAML-Refining-Conference-vFINAL-to-post-to-website.pdf

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Phillips 66 SWOT & PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2019). Phillips 66 SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/phillips-66/ [Accessed 17 Oct, 2019].

In-text: (SWOT & PESTLE.com, 2019)

Copyrights and Disclaimer

Phillips 66 SWOT and PESTLE analysis has been conducted by Saurav Gera and reviewed by senior analysts from Barakaat Consulting.

Copyright of Phillips 66 SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

Phillips 66 SWOT & PESTLE Analysis
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