LETTER FROM OUR CHAIRMAN AND CEO Overview
FINANCIAL HIGHLIGHTS
Operating Excellence
INTEGRATED PORTFOLIO
Growth
Returns
STRATEGY Distributions
LEADERSHIP
NON-GAAP RECONCILIATIONS
High-Performing Organization
Distributions Committed to financial strength, disciplined capital allocation, dividend growth and share repurchases Beaumont Dock 4 NEDERLAND, TX
Shareholder returns are fundamental to our strategy. Phillips 66 returned $2 billion to shareholders in 2020, and since the company formed in 2012, it has returned approximately $28 billion in the form of dividends, share repurchases and exchanges. During 2020, we paid $1.6 billion in dividends. Share repurchases during the year were $443 million. In March 2020, we suspended our share repurchase program to preserve liquidity. Phillips 66 remains committed to delivering value for our shareholders, including through a secure, competitive and growing dividend.
20% 34%
compound annual growth rate (CAGR) with nine increases since May 2012 Repurchased or exchanged of our original shares outstanding
SHARE COUNT AND DISTRIBUTIONS
DIVIDEND GROWTH
Number of shares outstanding
(Quarterly ¢/share)
Cumulative shareholder distributions*
Total shareholder distributions $28 billion
626 million
20% CAGR
90¢
437 million 20¢
3Q 2012
4Q 2013
4Q 2014
4Q 2015
4Q 2016
4Q 2017
4Q 2018
*Through share repurchases, share exchanges and dividends
28
PHILLIPS 66 2020 YEAR IN REVIEW
4Q 2019
4Q 2020
3Q 2012
4Q 2013
4Q 2014
4Q 2015
4Q 2016
4Q 2017
4Q 2018
4Q 2019
4Q 2020