Phillips 66 Supplying Fuel to Wholesale Customers in the Northeast

  Phillips 66 Supplying Fuel to Wholesale Customers in the Northeast

Business Wire

HOUSTON -- November 05, 2012

Phillips 66 (NYSE:PSX) is providing fuel products to wholesale customers in
the Northeast, preparing to restore operations at its Bayway Refinery, and
continuing cleanup efforts in response to an oil spill caused by Hurricane
Sandy.

The company reopened its Linden, N.J., fuel terminal to wholesale customers on
Friday, Nov. 2, and continues to ramp up service. The terminal is expected to
return to full operation by the end of the week, and it is currently open for
tanker truck loading on a 24-hour basis. Phillips 66 has adequate supplies of
fuel on hand and has made arrangements to ensure fuel supplies will continue
to be delivered to the terminal through third-party pipelines and marine
transport.

Phillips 66 also has completed post-storm assessments at its 238,000
barrels-per-day Bayway Refinery in Linden, N.J., and expects the refinery to
resume normal operations in two to three weeks.

After floodwater from the storm surge receded, Phillips 66 discovered oil had
been spilled at the Bayway Refinery. The company immediately notified
appropriate regulatory agencies and mobilized resources to clean up the spill.
Approximately 185 barrels, or 7,700 gallons, of oil was spilled as a result of
the storm surge. Phillips 66 will continue working with the U.S. Coast Guard
and the New Jersey Department of Environmental Protection to complete the
clean up.

Phillips 66 has accounted for all of its nearly 800 employees in the region,
and all are safe. The company’s employees and contractors are focused on
safely restoring operations.

More information and updates regarding the status of the company’s Northeast
operations are available on Phillips 66’s Storm Center website:
http://www.phillips66.com/EN/newsroom/stormcenter/Pages/index.aspx

About Phillips 66

Headquartered in Houston, Phillips 66 is an advantaged downstream energy
company with segment-leading Refining and Marketing (R&M), Midstream and
Chemicals businesses. The company has approximately 14,000 employees
worldwide. Phillips 66’s R&M operations include 15 refineries with a net crude
oil capacity of 2.2 million barrels per day, 10,000 branded marketing outlets,
and 15,000 miles of pipeline systems. In Midstream, the company primarily
conducts operations through its 50 percent interest in DCP Midstream, LLC, one
of the largest natural gas gatherers and processors in the United States, with
7.2 billion cubic feet per day of gross natural gas processing capacity.
Phillips 66’s Chemicals business is conducted through its 50 percent interest
in Chevron Phillips Chemical Company LLC, one of the world’s top producers of
olefins and polyolefins with more than 30 billion pounds of net annual
chemicals processing capacity across its product lines. For more information,
visit www.phillips66.comor follow us on Twitter @Phillips66Co.

Contact:

Phillips 66
Dean Acosta, 832-765-5106 (media)
Dean.Acosta@p66.com
or
Rich Johnson, 832-765-1016 (media)
Rich.Johnson@p66.com
or
Rosy Zuklic, 832-765-2297 (investors)
Rosy.Zuklic@p66.com