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 |
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]
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. [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]