| Phillips 66 Partners is a limited partnership, which owns, operates, develops and acquires primarily fee-based midstream assets. Co. is engaged in providing fee-based transportation, terminaling, processing, storage and fractionation services. Co.'s equity affiliates is engaged in transporting and terminaling crude oil, refined petroleum products and natural gas liquids. We show 3 historical shares outstanding datapoints in our PSXP shares outstanding history coverage, used to compute PSXP market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PSXP market cap history over the course of time is important for investors
interested in comparing PSXP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PSXP versus a peer is one thing; comparing
PSXP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PSXP can fluctuate over the course of history.
With this page we aim to empower investors researching PSXP by allowing them to research the PSXP market cap history.