Phillips 66 Files Proxy Materials, Posts on LinkedIn

TL;DR

PSX filed proxy docs, posted on LinkedIn & website. Standard shareholder comms.

AI Summary

Phillips 66 filed a Definitive Additional Materials proxy statement on April 22, 2025. The company posted materials on LinkedIn and uploaded a video to its website, phillips66delivers.com, on the same date. These actions are part of their proxy statement dissemination process.

Why It Matters

This filing indicates Phillips 66 is actively communicating with shareholders regarding important company matters, likely related to upcoming votes or proposals at their annual meeting.

Risk Assessment

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

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
• 832-765-3010 (phone_number) — Business Phone
• https://www.phillips66delivers.com/ (url) — Company Website

FAQ

From the Filing

0001193125-25-089297.txt : 20250422 0001193125-25-089297.hdr.sgml : 20250422 20250422165940 ACCESSION NUMBER: 0001193125-25-089297 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 18 FILED AS OF DATE: 20250422 DATE AS OF CHANGE: 20250422 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: 25858347 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 d922561ddefa14a.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 22, 2025, Phillips 66 posted the following material on LinkedIn. -2- Also on April 22, 2025, Phillips 66 uploaded a video to its website https://www.phillips66delivers.com/, and updated its website in connection therewith. A copy of the updated website content (other than that previously filed) and a transcript of the video are provided below. -3- -4- -5- -6- -7- -8- -9- -10- -11- -12- -13- VIDEO TRANSCRIPT DOUG TERRESON: This is a company that, from the beginning, has balanced spending and distributions as much or more than any other company in our industry. And you might say, well, everybody does that. Well, they do today. But they didn’t for most of the prior decade when the entire industry overspent. This was a company that had a strategy that was wholly unpopular, but they stuck to it and it delivered for shareholders. And it’s still delivering for shareholders, and it’s going to be delivering several years down the road as well. JOHN LOWE: We have challenged ourselves since day one as a company to think like a shareholder, think like an activist. What are the possibilities that we could where we could create more value? We talk about this at every board meeting. Every board meeting is a strategy discussion, and we are executing that strategy. And we keep setting the bar higher and higher that that will create tremendous long term value for our shareholders. GLENN TILTON: You know, suffice it to say, there may be boards that don’t do what it is that you just described. It just doesn’t happen to be this board. MARK LASHIER: We’ve got this incredible board that is full of talented individuals that that really dive into the talent we bring to the table. They understand the strategy and how we need to execute that to deliver long term shareholder value. But inherent in that strategy and inherent in the board’s role is to understand the risks. The strategy is to have this these businesses that contribute stable cash flow growth opportunities, combined with businesses that are more volatile but can throw off tremendous cash along the way. That combination provides us a strategy that allows us to deliver cash returns to shareholders across th