A new era dawned at Phillips 66 yesterday, but to customers it will be business as usual as ConocoPhillips officially completed the separation of its upstream and downstream operations.
There will be no change to the base oil business, a Phillips 66 source told Lube Report. We will be two separate publicly traded companies providing the products and services formerly offered under one roof. Phillips 66 base oil and lubricants will be the same as far as the marketplace is concerned.
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Headquartered in Houston, Phillips 66 remains a base oil producer and national lubricant marketer focused on refining, transport, marketing and chemicals business. The company says it is well-positioned to market Pure Performance-branded API Group II and Ultra-S Group III base oils in North America.