MAY 8, 2019 2019 ANNUAL MEETING OF SHAREHOLDERS Greg C. Garland Chairman and Chief Executive Officer Lake Charles Refinery 1 phillips66.com NYSE: PSX
PROVIDING ENERGY, IMPROVING LIVES: 2018 HIGHLIGHTS Garfield Elementary HOUSTON, TX 27 MILLION to organizations promoting education and literacy, safety and preparedness, environmental sustainability and civic enrichment 78,000…
EXECUTING THE STRATEGY OPERATING EXCELLENCE Safe and reliable operations Technology driven cost efficiencies Beaumont Terminal NEDERLAND, TX GROWTH Pipelines from key shale basins to Gulf Coast Crude export capability NGL…
OPERATING EXCELLENCE TOTAL RECORDABLE RATES REFINING TIER 1 PROCESS SAFETY EVENT RATE Incidents per 200,000 Hours Worked Phillips 66 CPChem DCP Midstream 1.15 1.03 0.08 0.08 Industry Average .86 0.02 0.02 0.02 .83 .79 14…
ENVIRONMENTAL, SOCIAL, GOVERNANCE INDUSTRY SAFETY METRICS Board engaged in setting company ESG strategy Incidents per 200,000 hours worked 6 Independent lead director 4 Extensive ESG engagement 2 Industry leading safety…
GROWTH CPChems USGC Beaumont Terminal Sand Hills Pipeline Petrochemicals Project South Texas Gateway Bayou Bridge Pipeline Gray Oak Pipeline Terminal Sweeny Hub expansion Bakken Pipeline CPChem Polyethylene Units OLD OCEAN,…
RETURNS Bayway Refinery FCC modernization Wood River Refinery FCC modernization Lake Charles Refinery crude flexibility Sweeny FCC upgrade Enhancing U.S. fuels brand images Expanding Europe retail presence Sweeny…
RENEWABLE FUELS Partnership with Ryze Renewables Renewable diesel plant at Ferndale Refinery with Renewable Energy Group Co-processing used cooking oil at Humber Refinery Evaluating renewable diesel projects in…
DISTRIBUTIONS ANNUAL DIVIDEND /share Creates shareholder value 2.73 3.10 2.18 2.45 Secure, competitive and growing dividend 1.89 14% increase in 2Q18 to 0.80 per quarter 14 15 16 17 18 27% CAGR with eight increases…
H I G H - P E R F O R M I N G O R G AN I Z A T I O N Living our core values of safety, honor and commitment Maintaining the highest ethical standards Valuing inclusion and diversity Delivering exceptional results through…