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]
| Company 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 |
Background
editAs 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]
See also
editReferences
edit- ^ DCP Midstream "2018 10k"
- ^ "DCP Midstream". Fortune. Archived from the original on 2018-06-22. Retrieved 2018-12-14.
- ^ "DCP Midstream". Fortune. Archived from the original on 2018-06-22. Retrieved 2018-12-14.
- ^ "Fortune 1000 List". Fortune. Time. Retrieved 2016-10-31.
- ^ "2015 Annual Report". DCP. DCP. Retrieved 2016-10-31.
- ^ Pulsinelli, Olivia (June 15, 2023). "Phillips 66 completes $3.8B acquisition of DCP Midstream's public units". Houston Business Journal.