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Why trust Ramp?
Ramp is a spend management platform used by over 25,000 businesses for easy-to-use cards, spend limits, approval flows, vendor payments, and more. Ramp has merchant data on over 1 million unique acceptors, over 8x more than other credit card charge databases. Merchant charges aren’t always recognizable on card statements, and Ramp’s exhaustive dataset is the most reliable way to better understand where and why charges are appearing on your statements.
Phillips 66 is an American multinational energy company that operates in multiple segments of the oil and gas industry. With its headquarters in Houston, Texas, the company is primarily engaged in refining, marketing, and distributing petroleum products both in the United States and internationally. Phillips 66 is dedicated to providing innovative solutions and products to fuel the world’s energy needs while maintaining strong commitment to safety, environmental stewardship, and social responsibility.
- Refining: Phillips 66 operates refineries that process crude oil into various petroleum products, such as gasoline, diesel, jet fuel, and lubricants.
- Midstream: The company owns and operates an extensive network of pipelines and terminals to transport and store crude oil, refined products, and natural gas liquids.
- Marketing and Specialties: Phillips 66 markets its refined petroleum products under various brands, supplying fuel to both retail and commercial customers.
- Chemicals: The company produces and markets a wide range of petrochemical products used in various industries, including plastic manufacturing, adhesives, and paints.
- Emerging Businesses: Phillips 66 invests in cutting-edge technologies and new business ventures to drive innovation and expand its presence in the energy sector.
“Accurate classification of expenses is vital for businesses as it forms the backbone of financial reporting, tax compliance, and strategic decision-making. It enables businesses to track and analyze their spending patterns, identify cost-saving opportunities, and assess the profitability of various operations or projects.”
Audrey Carroll
Senior Manager, Accounting, Ramp
Tired of manually categorizing confusing charges? See how Ramp can automate this for you in the demo below
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