Phillips 66 Partners LP's quarterly market cap
declined
from Jun. 2021 ($9,010 Mil) to Sep. 2021 ($8,186 Mil) but then
increased
from Sep. 2021 ($8,186 Mil) to Dec. 2021 ($8,236 Mil).
Phillips 66 Partners LP's annual market cap
declined
from Dec. 2019 ($14,072 Mil) to Dec. 2020 ($6,030 Mil) but then
increased
from Dec. 2020 ($6,030 Mil) to Dec. 2021 ($8,236 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Phillips 66 Partners LP's Enterprise Value for Today is $13,428 Mil.
Phillips 66 Partners LP Market Cap Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Phillips 66 Partners LP's Market Cap
For the Oil & Gas Midstream subindustry, Phillips 66 Partners LP's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Phillips 66 Partners LP's Market Cap Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66 Partners LP's Market Cap distribution charts can be found below:
* The bar in red indicates where Phillips 66 Partners LP's Market Cap falls into.
Phillips 66 Partners LP Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Phillips 66 Partners LP's Market Cap for the fiscal year that ended in Dec. 2021 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Phillips 66 Partners LP (NYSE:PSXP) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Phillips 66 Partners LP Market Cap Related Terms
Thank you for viewing the detailed overview of Phillips 66 Partners LP's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillips 66 Partners LP (Phillips 66 Partners LP) Business Description
Phillips 66 Partners is a master limited partnership that provides fee-based transportation, processing, storage, and fractionation services primarily to Phillips 66, which owns a 74% limited partner interest. Phillips 66 Partners' primary revenue sources are long-term, fee-based contracts to handle crude, natural gas liquids, and refined products. Phillips 66 manages and operates Phillips 66 Partners as its noneconomic general partner. Phillips 66's general partner economic interest and incentive distribution rights were eliminated in August 2019.
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