Phillips 66 Proxy Statement Filed

TL;DR

PSX proxy statement filed, CEO chat transcript online.

AI Summary

Phillips 66 filed a DEFA14A on March 19, 2025, related to a fireside chat with CEO Mark Lashier. The transcript of this chat was made available on the company's investor relations website. This filing is a proxy statement, indicating it concerns shareholder matters and voting.

Why It Matters

This filing provides shareholders with important information regarding company matters and voting rights, as is standard for proxy statements.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not contain new financial information or significant corporate actions.

Key Players & Entities

• Phillips 66 (company) — Registrant
• Mark Lashier (person) — Chairman and Chief Executive Officer

FAQ

From the Filing

0001193125-25-057949.txt : 20250319 0001193125-25-057949.hdr.sgml : 20250319 20250319171424 ACCESSION NUMBER: 0001193125-25-057949 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20250319 DATE AS OF CHANGE: 20250319 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Phillips 66 CENTRAL INDEX KEY: 0001534701 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 453779385 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEFA14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-35349 FILM NUMBER: 25753674 BUSINESS ADDRESS: STREET 1: 2331 CITYWEST BLVD. CITY: HOUSTON STATE: TX ZIP: 77042 BUSINESS PHONE: 832-765-3010 MAIL ADDRESS: STREET 1: 2331 CITYWEST BLVD. CITY: HOUSTON STATE: TX ZIP: 77042 DEFA14A 1 d207638ddefa14a.htm DEFA14A DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant ☒ Filed by a party other than the Registrant ☐ CHECK THE APPROPRIATE BOX: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☐ Definitive Additional Materials ☒ Soliciting Material under §240.14a-12 Phillips 66 (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) PAYMENT OF FILING FEE (CHECK ALL BOXES THAT APPLY): ☒ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 On March 19, 2025, Phillips 66 uploaded to its investor relations website at www.phillips66.com/investors a transcript of a fireside chat with Mark Lashier, Chairman and Chief Executive Officer of Phillips 66, from the 25 th Annual Energy Conference hosted by Piper Sandler on March 18, 2025. The full text of that transcript follows: Phillips 66 Presents at Piper Sandler 25th Annual Energy Conference PARTICIPANTS Mark E. Lashier Chairman and Chief Executive Officer, Phillips 66 Ryan M. Todd MD & Senior Research Analyst, Piper Sandler & Co. PRESENTATION Ryan M. Todd All right. Everybody, we’re going to continue on with the program. We’re excited to have a conversation here. We’ve got Mark Lashier, who’s the Chairman and CEO of Phillips 66, one of the largest refining, midstream, chemical marketing companies in the country. So we’re excited to have a great conversation touching on a number of different businesses here. So thanks for doing this, Mark. Mark E. Lashier Thanks for having us here today, Ryan. Ryan M. Todd Maybe we’ll start it off talking about Midstream, and I’m going to kick down the line a little bit, the elephant in the room, regarding the Midstream. But if we can just talk a little bit about what you’ve built in the Midstream over the last few years in particular. What have you been able to build? Where do you think it’s headed? What do you think of the relative strengths or weaknesses within your Midstream portfolio at this point? Mark E. Lashier Absolutely, Ryan. I think if you go back all the way to our MLP era with PSXP, we were able to develop a lot of really valuable assets under the MLP model, and it grew and it kind of ran its course. And also in parallel to that, we had our DCP joint venture. And we came to the realization that we really needed to align those interests in a way that was synergistic. DCP needed to grow, but the ownership structure made that kind of restrictive. And by rolling up PSXP, bringing in DCP, we could create that actual synergistic wellhead-to-market entity. We also had a lot of other assets that either were contributed when we spun out of ConocoPhillips or developed during our MLP stage that