Phillips 66 — fact timeline

Phillips 66 reported the quarter ended March 31, 2026 results: net income $207 million, EPS $0.51 per share.

“Reported first-quarter earnings of $207 million or $0.51 per share; adjusted earnings of $200 million or $0.49 per share”

Phillips 66 updated its first-quarter 2026 guidance (initiated).

“On April 6, 2026, Phillips 66 (the “Company”) issued guidance providing preliminary first-quarter 2026 financial information.”

Phillips 66 amended debt of increase the maximum facility size from $1.25 billion to $1.75 billion and permit a future increase to up to $2.0 billio with PNC Bank, National Association, as administrative agent.

“The Receivables Facility Amendment amends the RPFA to, among other things, (i) increase the maximum facility size from $1.25 billion to $1.75 billion and (ii) permit the SPE to request a future increase in the maximum facility size to up to $2.0 billion.”

Phillips 66 incurred term loan of $2.25 billion with Mizuho Bank, Ltd., as administrative agent at Term SOFR plus an applicable margin of 1.100% or the reference rate plus an appl maturing 364 days after the Term Loan Closing Date.

“On March 18, 2026 (the "Term Loan Closing Date"), Phillips 66 Company (the "Company"), a wholly owned subsidiary of Phillips 66 ("Phillips 66"), entered into a 364-day, $2.25 billion term loan credit agreement with a syndicate of banks and other financial institutions party thereto and Mizuho Bank, Ltd., as administrative agent (the "Term Loan Agreement").”

Phillips 66 entered into Fourth Amendment to Receivables Purchase and Financing Agreement with PNC Bank, National Association, as administrative agent valued at $1.75 billion (effective 2026-03-13).

“On March 13, 2026, the Company amended the Company’s accounts receivable securitization program. In connection therewith, the Company entered into the Fourth Amendment to Receivables Purchase and Financing Agreement (the “Receivables Facility Amendment”) to amend its existing Receivables Purchase and Financing Agreement dated September 30, 2024 (as amended, the “RPFA”), among the Company, as servicer, Phillips 66 Receivables LLC, as SPE (the “SPE”), the purchaser/lenders party thereto from time to time, PNC Capital Markets LLC, as structuring agent, and PNC Bank, National Association, as administrative agent.”

Phillips 66 entered into Term Loan Agreement with Mizuho Bank, Ltd., as administrative agent valued at $2.25 billion (effective 2026-03-18).

“On March 18, 2026 (the “Term Loan Closing Date”), Phillips 66 Company (the “Company”), a wholly owned subsidiary of Phillips 66 (“Phillips 66”), entered into a 364-day, $2.25 billion term loan credit agreement with a syndicate of banks and other financial institutions party thereto and Mizuho Bank, Ltd., as administrative agent (the “Term Loan Agreement”).”

Phillips 66 amended credit facility of $1.25 billion with PNC Bank, National Association maturing September 28, 2026.

“and PNC Bank, National Association, as Administrative Agent. The Amendment amends the RPFA to, among other things, (i) increase the maximum facility size from $1 billion to $1.25 billion and (ii) extend the maturity date from September 29, 2025 to September 28, 2026. The foregoing description of the Amendment is not complete and is qualified in its entirety by”

Denise L. Ramos departed as Director at Phillips 66.

“On February 12, 2025, Gary K. Adams and Denise L. Ramos each informed the Board of Directors (the “Board”) of Phillips 66 (the “Company”) of their intent not to stand for reelection to the Board at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”).”

Gary K. Adams departed as Director at Phillips 66.

“On February 12, 2025, Gary K. Adams and Denise L. Ramos each informed the Board of Directors (the “Board”) of Phillips 66 (the “Company”) of their intent not to stand for reelection to the Board at the Company’s 2025 Annual Meeting of Shareholders (the “Annual Meeting”).”

Grace Puma Whiteford was appointed as Director at Phillips 66.

“On October 10, 2024, the Board of Directors (the “Board”) of Phillips 66 (the “Company”), increased the size of the Board from 13 directors to 14 directors, and appointed Grace Puma Whiteford to serve on the Board, effective immediately.”

Phillips 66 shareholders rejected Shareholder proposal requesting a report analyzing the impact of the System Change Scenario on the Chemicals business at the 2024-05-15 meeting.

“Shareholder proposal requesting a report analyzing the impact of the System Change Scenario on the Chemicals business. The shareholder proposal requesting a report analyzing the impact of the System Change Scenario on the Chemicals business was not approved, based on the following votes: Voted For Voted Against Abstentions Broker Non-Votes 36,181,887 271,765,922 3,310,581 59,418,965”

Phillips 66 shareholders approved Ratify appointment of Ernst & Young LLP as independent auditor at the 2024-05-15 meeting.

“Proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm. The shareholders approved the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for 2024, by the following votes: Voted For Voted Against Abstentions 365,557,145 4,253,214 866,996”

Phillips 66 shareholders approved Advisory vote to approve executive compensation at the 2024-05-15 meeting.

“Proposal to approve, on an advisory basis, executive compensation. The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers, by the following votes: Voted For Voted Against Abstentions Broker Non-Votes 288,566,492 20,573,008 2,118,890 59,418,965”

Phillips 66 shareholders approved Election of Douglas T. Terreson as Class III director at the 2024-05-15 meeting.

“Terreson 288,129,833 21,775,054 1,353,503 59,418,965 2. Proposal to approve, on an advisory basis, executive compensation.”

Phillips 66 shareholders approved Election of Mark E. Lashier as Class III director at the 2024-05-15 meeting.

“Lashier 280,350,593 29,626,149 1,281,648 59,418,965 Douglas T. Terreson 288,129,833 21,775,054 1,353,503 59,418,965 2.”

Phillips 66 shareholders approved Election of Lisa A. Davis as Class III director at the 2024-05-15 meeting.

“Davis 279,747,731 30,209,350 1,301,309 59,418,965 Mark E. Lashier 280,350,593 29,626,149 1,281,648 59,418,965 Douglas T.”

Phillips 66 shareholders approved Election of Julie L. Bushman as Class III director at the 2024-05-15 meeting.

“Bushman 284,074,332 25,850,333 1,333,725 59,418,965 Lisa A. Davis 279,747,731 30,209,350 1,301,309 59,418,965 Mark E.”

Timothy D. Roberts departed as Executive Vice President, Midstream and Chemicals at Phillips 66.

“On April 26, 2024, Timothy D. Roberts, Executive Vice President, Midstream and Chemicals of Phillips 66 (the “Company”) provided notice to the Company that he intends to retire, effective June 1, 2024.”

Phillips 66 reported quarter ended March 31, 2024 results: net income first-quarter earnings of $748 million, EPS $1.73 per share.

“Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress First-Quarter Results • First-quarter earnings of $748 million or $1.73 per share; adjusted earnings of $822 million or $1.90 per share”