“We are increasing the dividend this quarter, reflecting our confidence in our ability to generate cash flows over the full cycle,” said Mark Lashier, chairman and CEO of Phillips 66.
“The strength and sustainability of the cash flows from our combined operations support our priority to return capital to shareholders through a safe, competitive and growing dividend,” Lashier said. “Since our inception in 2012, the annual dividend has increased every year, resulting in a significant compound annual growth rate of 15 percent.”
About Philips 66
Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that produces, transports and markets products that power the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels. Headquartered in Houston, Texas, Phillips 66 has employees around the world who are committed to delivering energy safely and reliably and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co is LinkedIn.
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