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DCP Midstream Partners

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DCP Midstream Partners, LP
Company typePrivate
IndustryPetroleum industry
Founded2005
Key people
Don Baldridge (Interim CEO)
ProductsMidstream services
RevenueIncrease $9.8 billion (2018)[1]
Increase $223 million (2018)
Increase $302 million (2018)
Total assetsIncrease $14.3 billion (2018)
Total equityDecrease $7.3 billion (2015)
OwnerPhillips 66 and Enbridge
Number of employees
2,650 [2] (2018)
Websitewww.dcpmidstream.com

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]

Background

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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]

See also

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References

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  1. ^ DCP Midstream "2018 10k"
  2. ^ "DCP Midstream". Fortune. Archived from the original on 2018-06-22. Retrieved 2018-12-14.
  3. ^ "DCP Midstream". Fortune. Archived from the original on 2018-06-22. Retrieved 2018-12-14.
  4. ^ "Fortune 1000 List". Fortune. Time. Retrieved 2016-10-31.
  5. ^ "2015 Annual Report". DCP. DCP. Retrieved 2016-10-31.
  6. ^ Pulsinelli, Olivia (June 15, 2023). "Phillips 66 completes $3.8B acquisition of DCP Midstream's public units". Houston Business Journal.