| Company type | Private |
|---|---|
| Industry | Petroleum industry |
| Founded | 2005 |
| Key people | Don Baldridge (Interim CEO) |
| Products | Midstream services |
| Revenue |  $9.8 billion (2018) |
| Operating income | $223 million (2018) |
| Net income | $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 (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.
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. 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. 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.
See also
References
- 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.