Report: Phillips 66 to build new headquarters inside Beltway 8

A Houston real estate blog is reporting that soon-to-be independent refiner Phillips 66 will build a new headquarters near the Sam Houston Parkway, when it spins off from ConocoPhillips this year. says the announcement was made to ConocoPhillips employees via an email sent by incoming ConocoPhillips CEO Ryan Lance and incoming  Phillips 66 CEO Greg Garland. The note said that the Phillips 66 headquarters will be “within the I-10 and Beltway 8 corridors,” the blog said. The full text of the email doesn’t appear in the blog post.

Phillips 66 employees would relocate from ConocoPhillips’ current headquarters on North Dairy Ashford Road to the new headquarters after 2-to-3-year construction schedule, according to In the meantime, the employees will be housed in auxiliary ConocoPhillips offices in the Westchase District and in the Westlake Park complex on Memorial Drive.

Janet D. Grothe, ConocoPhillips advisor on health, safety and environment, responded to our request for more information with this e-mailed comment:

ConocoPhillips has informed employees that the new downstream company, Phillips 66 –which will be formed as a result of the planned repositioning of the company’s upstream and downstream businesses into two stand-alone, publicly traded companies — plans to build a headquarters facility in Houston. A site has not yet been selected. Construction of this facility is expected to take two to three years to complete.