We’ll know how good or bad the economic situation is for Phillips 66 later in April when the company will release its first-quarter financial reports. The executive management will release the results on Friday, April 29 and also hold a conference call webcast at 11 a.m. Oklahoma time. The results will be released earlier in the day, prior to the conference call.
Phillips 66 had $49 billion in assets as of Dec. 31, 2015 and 14,000 employees. Founded in 1917 by Lee Eldas Phillips and Frank Phillips in Bartlesville, the company began with 27 employees on land throughout Oklahoma and Kansas. Thirteen months ago, Phillips 66 sold two natural gas pipeline systems to its affiliate, Phillips 66 Partners for $1.01 billion in cash and stock.
