Phillips 66 Announces Quarterly Dividend

  Phillips 66 Announces Quarterly Dividend

Business Wire

HOUSTON -- February 11, 2013

The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly
dividend of 31.25 cents per share on Phillips 66 common stock. Consistent with
the company’s previous announcement to raise its 2013 annual dividend rate,
this dividend represents a 25 percent increase from the prior quarter. The
dividend is payable on March 1, 2013, to shareholders of record at the close
of business on Feb. 18, 2013.

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 13,500 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 owned or supplied branded
marketing outlets, and 15,000 miles of pipeline systems. Phillips 66’s
Midstream segment includes 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.com  or follow us on Twitter  @Phillips66Co.

Contact:

Phillips 66
Alissa Hicks, 832-765-1014 (media)
alissa.k.hicks@p66.com
or
Rosy Zuklic, 832-765-2297 (investors)
rosy.zuklic@p66.com
 
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