PSX · Phillips 66

Phillips 66 (NYSE: PSX) executives will participate in a fireside chat at the Piper Sandler 26th Annual Energy Conference at 1:30 p.m. ET on Tuesday, March 17, 2026. Participants will include Kevin Mitchell, Executive Vice President and CFO, and Richard Harbison, Executive Vice President, Refining, who will discuss the company’s outlook, strategic execution across its segments and commitment to disciplined capital allocation. To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors . A replay will be archived on the Events and Presentations page the day after the event, and a transcript will be available at a later date. 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.

Appointments follow constructive engagement with Elliott Investment Management and will strengthen the Board with financial, operational, and energy expertise Phillips 66 (NYSE: PSX) today announced that it has appointed Howard Ungerleider and Kevin Meyers to serve on the Company’s Board of Directors, effective immediately. "Phillips 66 is pleased to welcome Howard and Kevin to our board," said Mark Lashier, Chairman and Chief Executive Officer of Phillips 66. "Howard brings exceptional financial leadership and deep expertise in large-scale industrial transformation, and Kevin brings more than 40 years of hands-on energy sector experience.” Lashier continued, “We have made significant progress – in portfolio focus, capital discipline, and operational performance – and we appreciate the continued constructive engagement with Elliott and look forward to building on the strong momentum we have established." “We are pleased with the additions of Howard and Kevin to the Phillips 66 Board,

Mark Lashier, chairman and CEO of Phillips 66 (NYSE: PSX), will participate in a fireside chat at the Morgan Stanley Energy & Power Conference at 11:45 a.m. ET on Wednesday, March 4, 2026. Lashier will discuss the company’s outlook, strategic execution across its segments and commitment to disciplined capital allocation. To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors . A replay will be archived on the Events and Presentations page the day after the event, and a transcript will be available at a later date. 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, Texas, Phillips 66 has employees around the globe who are committed to safely

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 dividend has increased every year, resulting in a significant 15 percent compound annual growth rate.” 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

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 $6.44 per share; including $964 million of pre-tax accelerated depreciation on Los Angeles Refinery Enhanced the portfolio through asset dispositions and acquisitions, each totaling $3.5 billion Achieved record NGL transportation and fractionation volumes, an increase of 22% and 23%, respectively, over the prior year.

Phillips 66 (NYSE: PSX) and Kinder Morgan, Inc. (NYSE: KMI) today announced the launch of the second open season for the Western Gateway Pipeline (Western Gateway), a newly proposed refined products pipeline system. As previously announced, the initial open season concluded in December with significant shipper interest, including shipper commitments. The second open season is for remaining pipeline capacity, and adds new access to the Los Angeles market via a joint tariff supported by the planned reversal of one of Kinder Morgan’s existing SFPP lines between Watson and Colton, California. In addition to expanding the offered destinations, the second open season adds additional origin points to enable supply diversification and optionality for customers. The second open season will open January 16, 2026, at noon CT and will close March 31, 2026, at noon CT. The Western Gateway Pipeline will consist of a new-build pipeline from Borger, Texas to Phoenix, Arizona, combined with Kinder

Agreement follows Prax Lindsey Oil Refinery Limited’s liquidation and is pending completion subject to satisfaction of closing conditions. Key facilities to be integrated into the Humber Refinery rather than restarting standalone refinery operations at the Lindsey site. Investment will strengthen the Humber Refinery, boost domestic energy security, ensure continued supply of quality fuels to the UK and help secure UK jobs. Phillips 66 Limited has agreed to acquire Lindsey Oil Refinery assets and associated infrastructure pending completion subject to satisfaction of closing conditions, including customary regulatory clearances. The announcement follows a bidding process handled by FTI Consulting, who began serving as special managers of the Lindsey Oil Refinery assets after the Official Receiver was appointed liquidator in June 2025. The company also announced that it plans to integrate key assets into its Humber Refinery operations. Following a thorough assessment undertaken during