Phillips 66 Announces Increase in Quarterly Dividend

HOUSTON--(BUSINESS WIRE)--The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.33 per share on Phillips 66 common stock, representing a $0.06 increase. The dividend is payable on Dec. 1, 2026, to shareholders of record as of the close of business on Nov. 17, 2026.

“We are pleased to increase the quarterly dividend, reflecting the continued strength and resilience of the business and our commitment to deliver long-term returns to shareholders,” said Mark Lashier, chairman and CEO of Phillips 66. “This marks the second dividend increase in 2026 and brings the annualized dividend increase to 10.8% compared with the fourth quarter of 2025. The dividend increase underscores our confidence in the durability of the business model and the company’s ability to generate sustainable cash flow.”

“Since the company’s formation in 2012, we have increased the annual dividend every year, resulting in a significant 14% compound annual growth rate,” Lashier said. “With our disciplined approach to capital allocation, we are returning capital to shareholders, investing in long-term growth and maintaining a strong financial position as we execute our strategy and create long-term value.”

About Phillips 66

Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, TX, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.