Phillips 66 Vision Statement — page 1

PHILLIPS 66 VISION STATEMENT

E

N E R G Y • I N T E G R A T I O N • R E L I

A B I L I T

Y • P E R F O R M

A N C E • L O W E R - C A R B O N F U T U R E

CORPORATE PROMISE

PROVIDING ENERGY. IMPROVING

LIVES.

A corporate promise supported by an integrated energy strategy.

C U R R E N T C O R P O R AT E V I S I O N

TO BE THE LEADING INTEGRATED DOWNSTREAM ENERGY

PROVIDER.

INTEGRATION AS A COMPETITIVE ADVANTAGE

Phillips 66 connects assets, feedstocks, and commercial capabilities to

create a resilient energy value chain.

MIDSTREAM

↓

REFINING

↓

CHEMICALS

↓

MARKETING & SPECIALTIES

↓

RENEWABLE FUELS

GLOBAL ENERGY VALUE

OPERATING EXCELLENCE

“We design it right, operate it right, maintain it right and continuously

improve ”

Phillips 66 Vision Statement — page 2

FROM VISION TO INTEGRATED ENERGY PERFORMANCE

T

R A N S L

A T I N G V I S I O N I N T O C O M M E R C I

A L C A P A B I L I T

Y A N D L O W E R - C A R B O N O P P O R T U N I T I E S .

COMMERCIAL CAPABILITY

Strengthening capabilities to leverage the asset base and extend the value

chain into global markets.

30%

Commercial organization talent growth since 2023

ENERGY MARKET RESILIENCE

Built for flexibility in a changing global landscape, emphasizing refinery

performance and crude flexibility.

RODEO RENEWABLE ENERGY COMPLEX

A major milestone in our lower-carbon future. The transformation of a

legacy refinery into a renewable fuels facility demonstrates our

commitment to evolving energy demand.

ASSET CONVERSION

|

RENEWABLE FUELS

CAPITAL DISCIPLINE

2026 CAPITAL BUDGET: $2.4B

$1.1B Sustaining | $1.3B Growth

Focused on NGL value chain and high-return Refining projects.

MARK LASHIER

CHAIRMAN & CHIEF EXECUTIVE OFFICER

Leadership focused on integrating assets, operational

excellence, and commercial capability to drive long-term

value while pursuing lower-carbon opportunities.

LOWER-CARBON FUTURE

Efficiency:

Reducing operational footprint.

Renewable Fuels:

Expanding lower-carbon supply.

Technology:

Investing in emerging energy solutions.

STRATEGIC LANGUAGE GUIDE

Promise:

Providing Energy. Improving Lives.

Vision:

To be the leading integrated downstream energy

provider.

Values:

Safety, Honor, Commitment.

THE PHILLIPS 66 STRATEGIC LOGIC

CORPORATE PROMISE

→

VISION

→

INTEGRATED BUSINESS MODEL

→

COMPETITIVE ENGINE

→

OPERATING DISCIPLINE

→

ADAPTATION

→

LONG-TERM

VALUE

PROVIDING ENERGY. IMPROVING LIVES.

*Visual synthesis of current Phillips 66 strategic communications.

•

•

•

Sources: Phillips 66 Corporate Information; Investor Relations; Newsroom; Strategy & Leadership Communications (2026).

This document is for informational purposes and represents a synthesis of public strategy materials.

Phillips 66 Vision Statement

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