Phillips 66 · NYSE:PSX

Phillips 66 — Proxy Contest (April 2025)

15 slides from Phillips 66's proxy contest presentation, Apr 21, 2025

  1. Slide 1: Protect Your Investment: Your Voice Matters

    PROTECT YOUR INVESTMENT YOUR VOICE MATTERS in Protecting Your Investment in Phillips 66 ‘An upcoming vote seeks to undermine Phillips 66’s current leadership to the detriment of our business - and your returns. As a valued PSX shareholder, it's important that you understand the facts.

  2. Slide 2: Dear Fellow Shareholder

    ear Fellow Shareholder, Don't let Elliott's short-term rhetoric gamble away Phillips 66’s long-term potential and your onset growing dividend. Yo in ortectng Pills 6 ature ing our vocoring Xrmun| Mectng,Shortishted neage fue ett Ete vest lanagement CElliott") is tying to i cu Bours ana estoy te sted

  3. Slide 3: Video Transcript Introduction

    -9- Also on April 21, 2025, Phillips 66 uploaded a video to its website https://www.phillips66delivers.com/. A transcript of the video is provided below. VIDEO TRANSCRIPT GLENN TILTON : We think we have the proper strategy. So in a sense, it’s helpful to have one that we can compete against.

  4. Slide 4: Building a Strong Board

    Building a Strong Board: A Conversation between Members of the Nominating and Governance Committee

  5. Slide 5: Board Conversation Transcript

    So, Bob, you joined our board, Phillips 66, a year ago, and you certainly joined in an interesting time. So how would you describe the experience so far? BOB PEASE : I came in ready to challenge, and I didn’t know how responsive the board would be. Or management. The training I got, the introduction

  6. Slide 6: Updated Website Content

    -10- Also on April 21, 2025, Phillips 66 updated its website https://www.phillips66delivers.com/. A copy of the updated website content (other than that previously filed) is provided below.

  7. Slide 7: Homepage

    Homepage ' — —

  8. Slide 8: Our Nominees

    ‘Our Nominees

  9. Slide 9: Slide 9

  10. Slide 10: Our Board

    Our Board

  11. Slide 11: Board Declassification

  12. Slide 12: thy atc *

    thy atc * Aadaes Aote oe

  13. Slide 13: Board Declassification FAQs

  14. Slide 14: News & Resources

    News & Resources 6

  15. Slide 15: Forward-Looking Statements

    -11- 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,” “

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