Phillips 66 Files DEFA14A with LinkedIn Video Transcript

TL;DR

PSX filed proxy materials with a LinkedIn video transcript - check it out.

AI Summary

On April 30, 2025, Phillips 66 filed a DEFA14A, indicating they posted material on LinkedIn that referenced previously filed video content. A transcript of this reposted video content is included in the filing. The filing itself is a definitive additional material, not a preliminary proxy statement.

Why It Matters

This filing provides additional materials related to Phillips 66's proxy statement, including a transcript of video content shared on LinkedIn, offering further insight into the company's communications.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement update and does not contain significant new financial information or strategic shifts that would immediately impact risk.

Key Players & Entities

• Phillips 66 (company) — Registrant
• 0001193125-25-107604 (filing_id) — Accession Number
• April 30, 2025 (date) — Filing Date

FAQ

From the Filing

0001193125-25-107604.txt : 20250430 0001193125-25-107604.hdr.sgml : 20250430 20250430171329 ACCESSION NUMBER: 0001193125-25-107604 CONFORMED SUBMISSION TYPE: DEFA14A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20250430 DATE AS OF CHANGE: 20250430 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: 25897453 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 d925182ddefa14a.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 30, 2025, Phillips 66 posted the following material on LinkedIn which references portions of previously filed video content. A transcript of the reposted video content is provided below. VIDEO TRANSCRIPT CHUCK MORAN : Talk to us a little bit about how the integrated portfolio helps us as a company, kind of weather the storms of cycles. NIGEL HEARNE : Well you’re right it is cyclical, I’ve seen a lot of cycles. I think what’s important about having a diverse portfolio, an integrated set of assets, is as one set of one segment of your assets, maybe in a downturn, the other could be on an up cycle. And I think it’s important to manage those investments, to manage your overall risk as a company and to create sustainability around free cash flow, growth and performance over time. You’ve not just got to generate return on capital employed today, but you’ve got to generate free cash flow growth, because ultimately those are the kind of things that will grow shareholder returns over time. And I think it’s important when you’re allocating capital to focus on today about how you get the best out of the assets you’ve got and how you invest in the most capital projects for tomorrow to actually create sustainable free cash flow growth over time. And I think that’s ultimately what shareholders will reward. What they will reward is predictable and competitive performance outcomes. Not just today but over time. -1- Also on April 30, 2025, Bloomberg aired an interview with Mark Lashier, Chairman and Chief Executive Officer of Phillips 66. A transcript of the interview is provided below. TRANSCRIPT ROMAINE BOSTICK : Just a little while ago, we caught up with Mark Lashier, the Chairman and CEO of Phillips 66, about how the US fuel maker is navigating economic conditions and, well of course, dealing with that fight with Elliott Investment Management, including what they need to do to actually satisfy some of those shareholders who actually agree with some of Elliott’s points. Here’s what he had to say. MARK LASHIER : We’ve been on about a three-year journey improving our performance, delivering our commitments to shareholders