DCP Midstream Partners

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.