Phillips 66 Files Proxy Statement, Highlights Long-Term Value

TL;DR

PSX proxy filing shows board focused on long-term value creation.

AI Summary

Phillips 66 filed a DEFA14A on April 4, 2025, indicating they posted material on LinkedIn regarding their commitment to steady, reliable, and significant value creation. The Board members are focused on a long-term perspective for the company's culture and operations.

Why It Matters

This filing provides insight into Phillips 66's strategic direction and board's commitment to shareholder value, which can influence investor decisions.

Risk Assessment

Risk Level: low — The filing is a standard proxy statement and does not contain immediate material financial risks.

Key Players & Entities

• Phillips 66 (company) — Registrant
• 2331 CITYWEST BLVD. (location) — Business and Mail Address
• HOUSTON (location) — City
• TX (location) — State
• 77042 (location) — ZIP Code

FAQ

From the Filing

0001193125-25-073485.txt : 20250404 0001193125-25-073485.hdr.sgml : 20250404 20250404163618 ACCESSION NUMBER: 0001193125-25-073485 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20250404 DATE AS OF CHANGE: 20250404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Phillips 66 CENTRAL INDEX KEY: 0001534701 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation EIN: 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: 25815436 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 d906808ddefa14a.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 April 4, 2025, Phillips 66 posted the following material on LinkedIn. The Phillips 66 Board is committed to steady, reliable and significant value creation, Our Board members share a long-term perspective on how our culture, leadership and operations drive our strategy and deliver value. -1- The Phillips 66 Board is committed to steady, reliable and significant value creation, Our Board members share a long-term perspective on how our culture, leadership and operations drive our strategy and deliver value. -2- The Phillips 66 Board is committed to steady, reliable and significant value creation, Our Board members share a long-term perspective on how our culture, leadership and operations drive our strategy and deliver value. -3- Forward-Looking Statements This document contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our op