Annual Meeting of Shareholders GREG GARLAND Chairman & Chief Executive Officer May 12, 2021 San Francisco Refinery RODEO, CA
Board of Directors Greg C. Garland Gary K. Adams Julie L. Bushman Lisa A. Davis Charles M. Holley John E. Lowe Denise L. Ramos Glenn F. Tilton Marna C. Whittington 3 As of April 1, 2021.
Executing the Strategy Operating Excellence Committed to safety, environmental stewardship, reliability and cost discipline Growth Enhancing our portfolio by capturing growth in Midstream, Chemicals and lower-carbon…
2020 Performance Highlights Operating Excellence Company best and industry leading safety and environmental performance Advanced digital innovation across business segments Growth Completed Gray Oak Pipeline and Sweeny Hub Phase 2…
Operating Excellence Total Recordable Rates Industry Safety Metrics Industry Average (Incidents per 200,000 hours worked) (Incidents per 200,000 hours worked) Phillips 66 CPChem DCP Midstream 1.03 0.11 .91 Agricul., Food All…
Incentives Align With Sustainable Value Creation Enhanced 2021 compensation design Annual Incentive Program Metrics Long-Term PSP1 Metrics to increase environment weighting 50% operational sustainability from 5% to 15%, adding two…
Sustainability Supports Long-Term Resilience Enhancing Our Business Model for a Lower-Carbon Future Operating Excellence Operating excellence Environmental is foundational to Stewardship sustainability (E) Reducing our…
Emerging Energy Providing Energy and Improving Lives Establishing a lower-carbon business platform Commercializing and implementing emerging energy technology Leveraging commercial acumen and leadership in research and…
Renewable Fuels Enhancing Our Business Model for a Lower-Carbon Future Rodeo capacity to produce 8 MBD; expected full refinery conversion to produce 50+ MBD by 1Q 2024 Humber co-processing capacity to produce 3 MBD from used…
Innovation at Phillips 66 Agile. Efficient. Smart. Capitalizing on research and development capabilities through our Energy Research and Innovation group Advancing solid oxide fuel cells, organic photovoltaic polymers, next-gen…
High-Performing Organization Culture. Capability. Performance. 100% of Board meetings include talent management discussion 45% of workforce are Millennial / Generation Z Vision 822,000 training hours for employees annually…
Making a Difference Where We Live and Work 14,300 employees live our values every day 522,000 hours volunteered in local communities since 2012 52 million in matching gifts and volunteer grants since 2012 2,543…
Distributions Annual Dividend Secure, competitive and growing dividend ( per share) 20% CAGR with nine increases1,2 3.50 3.60 3.10 Committed to shareholder distributions 1.89 2.18 2.45 2.73 1.33 Returned 2 B in 2020 through…
Our Energy in Action The 2021 Sustainability Report will be released mid-2021. The 2020 report can be found at phillips66.com/sustainability. The Companys inaugural 2020 Human Capital Management Report was released in March 2021. The…