PSX - Dividend announcements

Reported first-quarter earnings of $207 million or $0.51 per share; adjusted earnings of $200 million or $0.49 per share Formally increased Sweeny NGL fractionation capacity and Freeport LPG export dock capacity by 23% and 15%, respectively, reflecting 2025 debottlenecking Refining operated at 95% capacity utilization with 87% clean product yield Increased the annualized quarterly dividend by 7% Ended the quarter with liquidity of approximately $6.0 billion Phillips 66 (NYSE:PSX) announced first-quarter earnings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429051050/en/ "We are confident in our ability

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.27 per share on Phillips 66 common stock. The dividend is payable on June 1, 2026, to shareholders of record as of the close of business on May 18, 2026. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, TX, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives whi

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.27 per share on Phillips 66 common stock, representing a $0.07 increase. The dividend is payable on March 4, 2026, to shareholders of record as of the close of business on Feb. 23, 2026. "We are increasing the dividend this quarter, reflecting our confidence in our ability to generate through-cycle cash flows," said Mark Lashier, chairman and CEO of Phillips 66. "The strength and durability of cash flows from our combined businesses support our priority to return capital to shareholders through a secure, competitive and growing dividend," Lashier said. "Since our formation in 2012, the annual divide

Fourth Quarter Reported fourth-quarter earnings of $2.9 billion or $7.17 per share; adjusted earnings of $1.0 billion or $2.47 per share; including $239 million of pre-tax accelerated depreciation on Los Angeles Refinery Achieved record NGL transportation and fractionation volumes of over 1 MMBD each Delivered record clean product yield of 88% and operated at 99% crude capacity utilization in Refining Generated $2.8 billion of net operating cash flow, $2.0 billion excluding working capital Reduced debt by $2.0 billion during the quarter, ending the year at $19.7 billion Full-Year 2025 Earnings of $4.4 billion or $10.79 per share and adjusted earnings of $2.6 billion or

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.20 per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2025, to shareholders of record as of the close of business on Nov. 17, 2025. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while

Reported second-quarter earnings of $877 million or $2.15 per share; adjusted earnings of $973 million or $2.38 per share; including $239 million of pre-tax accelerated depreciation on Los Angeles Refinery Operated at 98% capacity utilization in Refining with 86% clean product yield Completed Midstream acquisition of EPIC NGL, now renamed Coastal Bend Announced sale of 65% interest in our Germany and Austria retail marketing business Generated $845 million of net operating cash flow, $1.9 billion excluding working capital Returned $906 million to shareholders through dividends and share repurchases Phillips 66 (NYSE:PSX) announced second-quarter earnings. "Phillips 66 d

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.20 per share on Phillips 66 common stock. The dividend is payable on Sept. 2, 2025, to shareholders of record as of the close of business on Aug. 19, 2025. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while

Highlights Key Issues on the Ballot at May 21st Annual Meeting Phillips 66 Urges Shareholders to Vote "FOR" ONLY Phillips 66's Nominees on the WHITE Proxy Card Phillips 66 (NYSE:PSX) today sent a letter to shareholders highlighting the key issues on the ballot at its Annual Meeting on May 21. The full text of the Independent Directors of the Board's letter to shareholders follows: Dear Fellow Shareholders, As the Independent Directors of the Board of Phillips 66, it is our fiduciary duty to protect the rights of all shareholders and oversee the Company to drive long-term shareholder value. As part of our focus on long-term value, we want to center your attention on three core issues t

Provides Clarity on Important Topics where Elliott Has Sought to Mislead Investors Reiterates Strength of Company's Transformative Strategy and the Valuable Skills of Phillips 66's Board and Nominees in Contrast to Elliott's Risky, Misleading Analysis and Conflicted Nominees Phillips 66 Urges Shareholders to Vote "FOR" ONLY Phillips 66's Nominees on the WHITE Proxy Card Phillips 66 (NYSE:PSX) today provided investors with important information to make fully informed voting decisions at the Phillips 66 Annual Meeting on May 21, 2025. This overview is intended to ensure investors understand the facts on these critical topics as they assess how to cast their upcoming vote. Reliable, Long-T

Phillips 66 (NYSE:PSX) today responded to a May 2 letter released by Elliott Management. The Company has issued the following statement: In its letter, Elliott attempted to rebut a number of reasonable questions Phillips 66 raised in its April 24 letter to shareholders. Our letter encouraged shareholders to scrutinize the facts of this situation – namely, Elliott's expectation of director loyalty, its conflicting competitive interests, its misleading disclosures and its preference for theatrics over transparency, strong corporate governance and good-faith engagement with Phillips 66. Elliott's 5,886 word letter failed to substantively resolve the core issues we raised. Instead of addressi

Outlines strong operational and financial performance driven by the Company's transformative strategy Warns that Elliott's high-risk proposals are misleading, based on flawed analysis and threaten long-term shareholder value Underscores the valuable skills and experiences Phillips 66's Board and nominees have to drive shareholder value creation, superior to those of Elliott's nominees Phillips 66 (NYSE:PSX) (the "Company") today filed an investor presentation with the U.S. Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders on May 21, 2025. In conjunction with the presentation, Phillips 66 published two new videos that showcase the skills an

Reported first-quarter earnings of $487 million or $1.18 per share; adjusted loss of $368 million or $0.90 per share; including $246 million of pre-tax accelerated depreciation on Los Angeles Refinery Returned $716 million to shareholders through dividends and share repurchases Received $2.0 billion in cash proceeds from the previously announced sales of non-operated equity interests in Coop Mineraloel AG and Gulf Coast Express Pipeline LLC Sanctioned construction of new gas processing plant in the Permian Recently closed on acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade LP Phillips 66 (NYSE:PSX), a leading integrated downstream energy provider, announced first-quarter earn

Encourages Honest, Independent Interrogation of Facts Raises Key Questions Stewardship Teams and Investors Should Reach Their Own Conclusions On Phillips 66 (NYSE:PSX) today sent a letter from the Independent Directors of the Board to the Company's shareholders and to independent proxy advisors, particularly those involved in assessing corporate governance topics. In conjunction with today's letter, Phillips 66 published a new video to phillips66delivers.com. The video provides shareholders a unique perspective into how the Board approaches overseeing the Company's strategy, monitoring progress against that strategy, allocating capital, engaging with shareholders and driving long-term va

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.20 per share on Phillips 66 common stock, representing a $0.05 increase. The dividend is payable on June 2, 2025, to shareholders of record as of the close of business on May 19, 2025. "We are pleased to announce an increase in our quarterly dividend, reflecting our ongoing commitment to delivering value to our shareholders," said Mark Lashier, chairman and CEO of Phillips 66. "Our disciplined approach to capital allocation and strong cash flow generation enables us to return over 50 percent of our net operating cash flow to investors," Lashier said. "Since our formation in 2012, the annual dividend h

Highlights the Strength of its Board, its Nominees and its Strategy Expresses Concern with Elliott's Conflicts of Interest Urges Shareholders to Vote "FOR" ONLY Phillips 66's Nominees on the WHITE Proxy Card Phillips 66 (NYSE:PSX) today sent a letter to shareholders highlighting valuable information for shareholders to make an informed voting decision at Phillips 66's upcoming Annual Meeting on May 21, 2025. The letter: Highlights the Board's approach to independently representing shareholders and delivering consistent and compelling value; Demonstrates the Board's extensive experience taking bold action in the best interest of shareholders – including transformative transactions;

Phillips 66 (NYSE:PSX) (the "Company") today responded to a letter released by Gregory J. Goff to Phillips 66 Shareholders. The Board of Phillips 66 has issued the following statement: "Gregory Goff is clearly affiliated with Elliott Management. As of this morning, he remains featured as CEO of Amber Energy, an entity that Elliott has backed in its bid for Citgo, a Phillips 66 competitor. This important and obvious fact about a clear conflict of interest was never mentioned in Mr. Goff's communication and is plainly misleading to shareholders. The notion he is an investor independent of Elliott is obviously false. This stunt reflects Elliott's growing desperation to convince real investors

Highlights Results of Transformative Strategy and Path to Future Value Creation Demonstrates Elliott's Thesis is Based on Flawed Assumptions and Changes Would be Destructive to Long-Term Shareholder Value Urges Shareholders to Vote "FOR" ONLY Phillips 66's Nominees on the WHITE Proxy Card Phillips 66 (NYSE:PSX) today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders on May 21, 2025. Shareholders of record as of the close of business on April 4, 2025 are entitled to vote at the meeting. In addition, the Board wrote a letter to shareholders that highlights valuable info

Phillips 66 (NYSE:PSX) announced today the completion of its previously announced acquisition of EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long-haul natural gas liquids pipelines, fractionation facilities and distribution systems ("EPIC NGL") for total cash consideration of approximately $2.2 billion. "This transaction strengthens our position as a leading integrated downstream energy provider," said Don Baldridge, Phillips 66 executive vice president of Midstream & Chemicals. "We are evolving our portfolio and enhancing our ability to provide seamless and efficient delivery of energy products. Phillips 66 will offer producers unparalleled flow assurance

Confirms Elliott Investment Management's Nomination of Director Candidates Phillips 66 (NYSE:PSX) (the "Company") today issued the following letter to its shareholders. The Company values shareholder feedback and is fully committed to continuing open engagement with all shareholders. This has been consistently demonstrated and expressed over the course of nearly two dozen meetings with Elliott Investment Management ("Elliott") since October 2023, including the most recent meeting on March 3, 2025. The Company also confirmed Elliott has nominated seven directors for election to Phillips 66's Board of Directors (the "Board") at the Company's 2025 Annual Meeting. As the Company disclosed on

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock. The dividend is payable on March 5, 2025, to shareholders of record as of the close of business on Feb. 24, 2025. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while

Fourth Quarter Reported fourth-quarter earnings of $8 million or $0.01 per share; adjusted loss of $61 million or $0.15 per share Earnings impacted by $230 million pre-tax of accelerated depreciation related to Los Angeles Refinery Returned $1.1 billion to shareholders through dividends and share repurchases Record NGL fractionation and LPG export volumes in Midstream Record clean product yield in Refining Surpassed targeted $3 billion in announced asset dispositions Full-Year 2024 Earnings of $2.1 billion or $4.99 per share and adjusted earnings of $2.6 billion or $6.15 per share $4.2 billion of operating cash flow, $4.8 billion excluding working capital $5.3

Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to buy EPIC Y-Grade GP, LLC and EPIC Y-Grade, LP, which own various subsidiaries and long haul natural gas liquids pipelines, fractionation facilities and distribution systems ("EPIC NGL") for total cash consideration of $2.2 billion, subject to customary purchase price adjustments. Upon closing, this transaction is expected to be immediately accretive to earnings per share. "This transaction bolsters Phillips 66's position as a leading integrated downstream energy provider," said Mark Lashier, chairman and CEO of Phillips 66. "This transaction optimizes our Permian NGL value chain, allows Phillips 66 t

Phillips 66 (NYSE:PSX) announced today that it has entered into a definitive agreement to sell DCP GCX Pipeline LLC, which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline LLC, to an affiliate of ArcLight Capital Partners, LLC for pre-tax total cash proceeds of $865 million, subject to purchase price adjustments. "With this transaction, we have exceeded our $3 billion asset divestiture target established in our strategic priorities. We intend to continue to optimize the portfolio and rationalize non-core assets going forward," said Mark Lashier, chairman and CEO of Phillips 66. "The evolution of our portfolio underscores our position as a leading integrated downstrea

Phillips 66 (NYSE:PSX) today announced a 2025 capital budget of $2.1 billion, including $998 million for sustaining capital and $1.1 billion for growth capital. "We continue to demonstrate capital discipline, aligning our investments with our strategic priorities," said Mark Lashier, chairman and CEO of Phillips 66. "The budget underscores our dedication to delivering value to shareholders by funding growth in the NGL wellhead-to-market value chain and further enhancing refining competitiveness." In Midstream, the capital budget of $975 million comprises $429 million for sustaining projects and $546 million for growth projects. The budget advances the integrated NGL wellhead-to-market v

Reported third-quarter earnings of $346 million or $0.82 per share; adjusted earnings of $859 million or $2.04 per share Returned $1.3 billion to shareholders through dividends and share repurchases Achieved business transformation $1.4 billion run-rate savings target, including $1 per barrel Refining cost reduction Progressed asset dispositions totaling $2.7 billion toward $3 billion target, including recently executed agreements Phillips 66 (NYSE:PSX), a leading integrated downstream energy provider, announced third-quarter earnings. "Our employees continue to execute our strategic priorities, deliver strong operating performance and leverage the benefits of our differentiated d

Facility expects to cease operations in the fourth quarter of 2025 Company will work with the state of California to supply fuel markets and meet ongoing consumer demand Phillips 66 (NYSE:PSX) announced plans to cease operations at its Los Angeles-area refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet ongoing consumer demand. "We understand this decision has an impact on our employees, contractors and the broader community," said Mark Lashier, chairman and CEO of Phillips 66. "We will work to help and support them through this transition." Approximately 600 employees and 300 contractors currently operate the Los Angeles-a

Phillips 66 (NYSE:PSX) announced today that its subsidiary, Phillips 66 Limited, has entered into a definitive agreement to sell its 49 percent non-operated equity interest in Coop Mineraloel AG ("CMA") to its Swiss joint venture partner. It will receive cash of 1.06 billion Swiss francs (approximately $1.24 billion) consisting of a 1 billion Swiss franc sales price (approximately $1.17 billion) and an assumed dividend of 60 million Swiss francs (approximately $70 million) for financial year 2024 to be paid at or prior to closing. The sales price is subject to adjustment based on the amount of the dividend. "This transaction marks significant progress in delivering on our commitment of ove

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock. The dividend is payable on Dec. 2, 2024, to shareholders of record as of the close of business on Nov. 18, 2024. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pu

Second-quarter earnings of $1.0 billion or $2.38 per share; adjusted earnings of $984 million or $2.31 per share $1.3 billion returned to shareholders through dividends and share repurchases Record Midstream NGL pipeline and fractionation volumes; synergy capture driving lower costs Strong Refining operations with 98% crude utilization, 86% clean product yield and lower costs Phillips 66 (NYSE:PSX), a leading diversified and integrated downstream energy provider, announced second-quarter earnings. "We are systematically executing on our strategic priorities, which is reflected in our second-quarter results," said Mark Lashier, chairman and CEO of Phillips 66. "Refining crude

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock. The dividend is payable on Sept. 3, 2024, to shareholders of record as of the close of business on Aug. 20, 2024. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading diversified and integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while

Company offers a look into how it is approaching the future of energy Phillips 66 (NYSE:PSX) released its 2024 Sustainability and People Report today, demonstrating the company's approach to helping supply the world's growing energy needs while advancing projects to reduce emissions and foster growth. "This report is both a snapshot of our employees' achievements and a roadmap for the future as we continue to deliver on our strategic priorities," said Phillips 66 Chairman and CEO Mark Lashier. "Our successes in 2023 demonstrate our commitment to carrying out our mission of providing energy and improving lives. We are energized by the opportunities ahead as we pursue lower-carbon and oth

Phillips 66 (NYSE:PSX) announced today it has agreed to sell its 25% non-operated common equity interest in Rockies Express Pipeline LLC (REX) to a subsidiary of Tallgrass Energy, LP (TGE) for an enterprise value of approximately $1.275 billion. TGE is the operator of REX and will own 100% of the common equity interest in REX following the transaction. This transaction generates pre-tax cash proceeds of $685 million to Phillips 66 after adjustments for Phillips 66's allocation of REX's debt and preferred equity balances. "This sale is an important step in our commitment to deliver over $3 billion in asset divestitures," said Mark Lashier, Chairman and CEO of Phillips 66. "We are committed

Transaction advances company's wellhead-to-market strategy Phillips 66 (NYSE:PSX) announced today it has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle) from private equity firm Energy Spectrum Capital for cash consideration of $550 million in a strategic move to expand its natural gas gathering and processing footprint in the Midland Basin. "We are growing our Midstream business in the Permian to further strengthen and expand our service offerings to customers while driving operational and commercial synergies," said Mark Lashier, Chairman and CEO of Phillips 66. "Pinnacle is a bolt-on asset that advances our wellhead-to-market strategy and complements our diversified and inte

First-Quarter Results First-quarter earnings of $748 million or $1.73 per share; adjusted earnings of $822 million or $1.90 per share $1.6 billion returned to shareholders through dividends and share repurchases Refining operated at 92% crude utilization Recently announced 10% increase to the quarterly dividend to $1.15 per common share Earned industry recognition for 2023 exemplary safety performance in Midstream, Refining and Chemicals Strategic Priorities Highlights Returned $9.9 billion to shareholders through dividends and share repurchases since July 2022 On track to achieve $1.4 billion of business transformation cost and sustaining capital savings by year-end

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.15 per share on Phillips 66 common stock, representing a 10% increase. The dividend is payable on June 3, 2024, to shareholders of record as of the close of business on May 20, 2024. "The dividend increase reflects the confidence we have in our growing mid-cycle cash flow generation and disciplined approach to capital allocation, including a secure, competitive and growing dividend," said Mark Lashier, president and CEO of Phillips 66. "Since our formation in 2012, we have steadily raised our dividend, resulting in a 16% compound annual growth rate. We are well-positioned to continue delivering sign

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on March 1, 2024, to shareholders of record as of the close of business on Feb. 20, 2024. About Phillips 66 Phillips 66 (NYSE:PSX) is a leading diversified and integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company's portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while

Fourth Quarter Fourth-quarter earnings of $1.3 billion or $2.86 per share; adjusted earnings of $1.4 billion or $3.09 per share $2.2 billion of operating cash flow $1.6 billion returned to shareholders through dividends and share repurchases Strong Refining operations at 92% utilization and 107% market capture Record NGL fractionation volumes and LPG export volumes Full-Year 2023 Earnings of $7.0 billion or $15.48 per share; adjusted earnings of $7.2 billion or $15.81 per share $7.0 billion of operating cash flow, $8.8 billion excluding working capital $5.9 billion returned to shareholders through dividends and share repurchases Quarterly dividend increased 8%

Disciplined Capital Allocation to Advance Strategic Priorities Phillips 66 (NYSE:PSX) today announced a 2024 capital budget of $2.2 billion, including $923 million for sustaining capital and $1.3 billion for growth capital. Excluding joint venture debt repayments due in 2024, the company's 2024 capital budget is $2 billion. "We continue to demonstrate capital discipline in support of our strategic priorities," said Mark Lashier, president and CEO of Phillips 66. "The 2024 capital budget includes investing in our NGL wellhead-to-market value chain, completing the Rodeo renewable fuels facility and enhancing Refining performance. In addition, the capital budget is consistent with our plan

Phillips 66 (NYSE:PSX) today issued the following statement regarding a letter from Elliott Investment Management L.P. (Elliott): The Phillips 66 Board and management team welcome the perspectives of our shareholders and value their input. Over the last several weeks, the company has held discussions with Elliott and plans to continue a constructive dialogue. We agree with Elliott that successful execution of our strategic priorities will drive substantial stock price performance and believe that we have the right management team and Board in place to deliver long-term, sustainable value. We also appreciate that Elliott recognizes the value-creation potential of the strategic prioriti

Third-Quarter Results Reported third-quarter earnings of $2.1 billion or $4.69 per share; adjusted earnings of $2.1 billion or $4.63 per share Generated $2.7 billion of operating cash flow, $2.4 billion excluding working capital Returned $1.2 billion to shareholders through dividends and share repurchases Continued strong Refining operations with crude utilization rate of 95%, highest since 2019 Strategic Priorities Update Raise shareholder distributions target to a range of $13 billion to $15 billion, supported by $5 billion increase in share repurchase authorization Monetize over $3 billion of non-core assets Return at least 50% of operating cash flow to shareholde

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2023, to shareholders of record as of the close of business on Nov. 17, 2023. About Phillips 66 Phillips 66 (NYSE:PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company's portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information,

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2023, to shareholders of record as of the close of business on Aug. 18, 2023. About Phillips 66 Phillips 66 (NYSE:PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company's portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information,

Company is focused on safely providing reliable energy while positioning for a lower-carbon future Phillips 66 (NYSE:PSX) released its 2023 Sustainability Report today, highlighting the company's efforts to build a strong and resilient business. "Phillips 66 is proud of the role we play in meeting global energy needs. We are focused on operating safely, strengthening the communities where we operate and protecting the environment," said Mark Lashier, President and Chief Executive Officer. "We are also focused on transforming our businesses — to improve our operations and increase our competitiveness. The 2023 Sustainability Report demonstrates our progress and shares the accomplishments

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock. The dividend is payable on June 1, 2023, to shareholders of record as of the close of business on May 22, 2023. About Phillips 66 Phillips 66 (NYSE:PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company's portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, v

Reported first-quarter earnings of $2.0 billion or $4.20 per share Generated $1.2 billion of operating cash flow, $2.5 billion excluding working capital Returned $1.3 billion to shareholders through dividends and share repurchases Increased quarterly dividend 8% to $1.05 per common share Achieved strong Refining operations, turnaround execution and market capture Earned industry recognition for 2022 exemplary safety performance in Midstream, Refining and Chemicals Phillips 66 (NYSE:PSX), a diversified energy company, announces first-quarter 2023 earnings of $2.0 billion, or $4.20 per share, compared with earnings of $1.9 billion in the fourth quarter of 2022. Excluding sp

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of $1.05 per share on Phillips 66 common stock, representing an 8% increase. The dividend is payable on March 1, 2023, to shareholders of record as of the close of business on Feb. 21, 2023. "Rewarding shareholders through a secure, competitive and growing dividend is a priority for Phillips 66," said Mark Lashier, President and CEO of Phillips 66. "We have increased the dividend 12 times since our inception in 2012, resulting in a 17% compound annual growth rate. This dividend increase and our share repurchase program support our commitment to return $10 billion to $12 billion to shareholders by year-end 20

Fourth Quarter Reported fourth-quarter earnings of $1.9 billion or $3.97 per share; adjusted earnings of $1.9 billion or $4.00 per share Generated $4.8 billion of operating cash flow Returned $1.2 billion to shareholders through dividends and share repurchases Authorized $5 billion increase to the share repurchase program Approved $2 billion 2023 capital program CPChem made final investment decisions on world-scale petrochemical projects Recently reached agreement to acquire all publicly held common units of DCP Midstream, LP Full-Year 2022 Reported 2022 earnings of $11.0 billion or $23.27 per share; adjusted earnings of $8.9 billion or $18.79 per share Generated $10.8 b

Increases Phillips 66's economic interest in DCP Midstream, LP to 86.8% Targeted operational and commercial synergies of at least $300 million All-cash transaction expected to close in the second quarter of 2023 Phillips 66 (NYSE:PSX) and DCP Midstream, LP ("DCP Midstream") (NYSE:DCP) announced today that they have entered into a definitive agreement pursuant to which Phillips 66 will acquire all of the publicly held common units representing limited partner interests in DCP Midstream for cash consideration of $41.75 per common unit, increasing its economic interest in DCP Midstream to 86.8%. This press release features multimedia. View the full release here: https://www.businesswire

Continued Commitment to Disciplined Capital Allocation Phillips 66 (NYSE:PSX) today announced a 2023 capital program of $2 billion, including $865 million for sustaining capital and $1.1 billion for growth capital. Approximately 50% of growth capital supports lower-carbon opportunities. The capital program is consistent with the company's commitment to maintain a $2 billion annual budget through 2024. "The 2023 capital program reflects our ongoing commitment to capital discipline," said Mark Lashier, President and CEO of Phillips 66. "Through our Business Transformation, we are capturing $200 million of sustaining capital efficiencies while prioritizing safety and reliability. We are also

Return $10 billion - $12 billion to shareholders by end of 2024 Increase share repurchase authorization by $5 billion Improve Refining performance Integrate DCP Midstream; anticipate greater than $1 billion of adjusted EBITDA accretion Sustainable cost reductions of $1 billion through Business Transformation Phillips 66 (NYSE:PSX) will provide a plan to deliver higher shareholder distributions and increase shareholder value at its investor day meeting in New York today. "We are announcing a number of priorities designed to reward shareholders," said Mark Lashier, President and CEO of Phillips 66. "Thanks to our clear vision, core values and dedicated employees, we've enjoyed tre

Reported third-quarter earnings of $5.4 billion or $11.16 per share; adjusted earnings of $3.1 billion or $6.46 per share Generated $3.1 billion of operating cash flow Returned $1.2 billion to shareholders through dividends and share repurchases Increased economic interest in DCP Midstream, LP and offered to acquire all outstanding public common units Strong Refining operations and market capture Recently started operations of Sweeny Frac 4 Phillips 66 (NYSE:PSX), a diversified energy company, announces third-quarter 2022 earnings of $5.4 billion, compared with earnings of $3.2 billion in the second quarter of 2022. Excluding special items of $2.3 billion, the company had adjus

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 97 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2022, to shareholders of record as of the close of business on Nov. 17, 2022. About Phillips 66 Phillips 66 (NYSE:PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company's portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information,

Reported second-quarter earnings of $3.2 billion or $6.53 per share; adjusted earnings of $3.3 billion or $6.77 per share Generated $1.8 billion of operating cash flow; $3.6 billion excluding working capital Repaid $1.5 billion of debt Returned $533 million to shareholders through dividends and share repurchases Continued record-setting NGL fractionated volumes Strong refining operations including execution of planned turnarounds Received API pipeline safety award for second consecutive year Announced final investment decision on Rodeo Renewed project Phillips 66 (NYSE:PSX), a diversified energy company, announces second-quarter 2022 earnings of $3.2 billion, compared with

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 97 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2022, to shareholders of record as of the close of business on Aug. 18, 2022. About Phillips 66 Phillips 66 (NYSE:PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company's portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 97 cents per share on Phillips 66 common stock, representing a 5% increase. The dividend is payable on June 1, 2022, to shareholders of record as of the close of business on May 23, 2022. "We are increasing our dividend this quarter as we resume our cadence of annual dividend increases. This dividend increase, along with the recently announced resumption of our share repurchase program, demonstrates our continuing commitment to shareholder returns. We have increased the dividend 11 times since our inception in 2012, resulting in an 18% compound annual growth rate," said Phillips 66 Chairman and CEO Greg G

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 92 cents per share on Phillips 66 common stock. The dividend is payable on March 1, 2022, to shareholders of record as of the close of business on Feb. 22, 2022. About Phillips 66 Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Phillips 66 had $56 billion of assets as of Dec. 31, 2021. For more informat

Reported third-quarter earnings of $402 million or $0.91 per share; adjusted earnings of $1.4 billion or $3.18 per share Generated $2.2 billion of operating cash flow; $1.4 billion excluding working capital Delivered strong Midstream, Chemicals, and Marketing and Specialties earnings Significant improvement in Refining realized margins Paid off $500 million term loan Recently increased quarterly dividend to 92 cents per share Recently announced agreement to acquire all publicly held units of Phillips 66 Partners Announced greenhouse gas emissions reduction targets Expanded presence in the battery supply chain through strategic investment in NOVONIX Phillips 66 (NYSE:PSX),

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 92 cents per share on Phillips 66 common stock, representing a 2% increase. The dividend is payable on Dec. 1, 2021, to shareholders of record as of the close of business on Nov. 17, 2021. Additionally, on Sept. 24, 2021, the company repaid the $500 million of outstanding borrowings under its 364-day delayed draw term loan agreement due November 2023. "We are increasing our dividend this quarter, demonstrating our commitment to shareholder returns and reflecting our confidence in the company's strategy and cash flow recovery," said Phillips 66 Chairman and CEO Greg Garland. "We have increased the dividen

Reported second-quarter earnings of $296 million or $0.66 per share; adjusted earnings of $329 million or $0.74 per share Generated $1.7 billion of operating cash flow; $910 million excluding working capital Delivered record Chemicals earnings CPChem began construction on a world-scale 1-hexene unit Ramped up renewable diesel production at San Francisco Refinery Recently resumed construction of the 150,000-BPD Frac 4 at the Sweeny Hub Issued 2021 Sustainability Report in July Phillips 66 (NYSE:PSX), a diversified energy manufacturing and logistics company, announces second-quarter 2021 earnings of $296 million, compared with a loss of $654 million in the first quarter of 2021

The board of directors of Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 90 cents per share on Phillips 66 common stock. The dividend is payable on Sept. 1, 2021, to shareholders of record as of the close of business on Aug. 18, 2021. About Phillips 66 Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company's master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,200 employees committed to safety and oper