DCP Midstream Listed as a 2018 Fortune 500 Company
May 21 2018 - 5:03PM
Today, DCP Midstream, LP (NYSE:DCP) joined the Fortune 500 as
#344 in the 64th running of the list. Fortune Magazine ranks
companies by total revenue and DCP is one of 20 new companies to
the list, and one of nine companies headquartered in Colorado. On
January 23, 2017, DCP Midstream began trading under the NYSE stock
ticker DCP, following a transaction combining DCP Midstream, LLC
with DCP Midstream Partners. The simplified corporate structure
created one of the largest natural gas liquids (NGL) producers and
marketers, and one of the largest natural gas processors in the
United States.
“DCP Midstream is a company that strives for operational
excellence every day, and I congratulate our 2,700 employees across
the country on achieving great success as we make continued
progress toward our DCP 2020 vision,” said Wouter van Kempen,
chairman, president, and CEO of DCP Midstream.
“Hats off to DCP Midstream for joining the rank of Fortune 500,”
said Colorado Governor John Hickenlooper. “This recognition is a
testimony to your commitment to building strong communities and the
positive impact you’re having throughout the state.”
DCP has also been recognized in 2018 for its commitment to
safety, and the company’s culture and workplace environment. On the
heels of DCP’s record-setting safety performance in 2017, the GPA
Midstream Association recently honored DCP with the Chairman’s
Award for Safety Improvement and the second place safety award for
large companies. Additionally, Forbes announced DCP as the #77 Best
Midsize Employer in 2018.
“As DCP Midstream succeeds, it has been important for our
company to ensure that we share this success with the communities
where we live and work,” said van Kempen. “Throughout our over
90-year history, DCP is proud to be a good neighbor and contributor
within the hundreds of communities in which we operate our
facilities and pipelines. Our first commitment is to operate safely
and responsibly to provide the natural gas our society relies on
every day. In tandem with our operations, we are dedicated to
improving our communities through investment, volunteerism, and
engagement.”
DCP supports a variety of local efforts and causes and is one of
the largest supporters of the American Heart Association
nationally. Over the past four years, DCP has raised and donated
over $4 million to support the mission of the American Heart
Association.
About DCPDCP is a midstream master limited
partnership, with a diversified portfolio of assets, engaged in the
business of gathering, compressing, treating, processing,
transporting, storing, and selling natural gas; and producing,
fractionating, transporting, storing and selling NGLs and
recovering and selling condensate. DCP owns and operates 60 plants
and more than 60,000 miles of natural gas and natural gas liquids
pipelines, with operations in 17 states across major producing
regions. Denver, Colorado-based DCP is managed by its general
partner, DCP Midstream GP, LP, which is managed by its general
partner, DCP Midstream GP, LLC, which is 100% owned by DCP
Midstream, LLC. DCP Midstream, LLC is a joint venture between
Enbridge and Phillips 66.
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INVESTOR
RELATIONS: |
Irene Lofland |
Phone: |
303-605-1822 |
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MEDIA RELATIONS: |
Sarah Sandberg |
Phone: |
303-605-1626 |
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