Market Overview

Phillips 66 Contributes to Hurricane Harvey Disaster Relief Efforts

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Phillips 66 today announced it will contribute $1 million to the
American Red Cross to assist relief efforts arising from Hurricane
Harvey and the resultant flooding in southeast Texas.

"Our thoughts and prayers go out to all those affected by the disaster,
including our many employees, friends and neighbors across southeast
Texas," said Greg Garland, chairman and CEO of Phillips 66. "The
solidarity of our community is remarkable, and I am confident that this
unity and spirit to overcome will drive our efforts to rebuild. It is
our sincere hope that this contribution from Phillips 66 will help those
efforts and those most in need."

The donation will support relief efforts throughout southeast Texas,
including the greater Houston metropolitan area and Brazoria County. In
addition, the company has an employee matching program, which will match
employee contributions for disaster relief up to $15,000, and a
volunteer grants program which will provide financial donations for
volunteer hours provided by Phillips 66 employees.

Phillips 66 has been a long-time partner of the American Red Cross.
Through this partnership, the company promotes its ongoing efforts to
ensure the safety and emergency preparedness of its employees and the
communities in which it operates.

Phillips 66 has operations throughout the world. For more information,
go to www.phillips66.com.

About Phillips 66:

Phillips 66 is a diversified energy manufacturing and logistics company.
With a portfolio of Midstream, Chemicals, Refining, and Marketing and
Specialties businesses, the company processes, transports, stores and
markets fuels and products globally. Phillips 66 Partners, the company's
master limited partnership, is an integral asset in the portfolio.
Headquartered in Houston, the company has 14,600 employees committed to
safety and operating excellence. Phillips 66 had $52 billion of assets
as of June 30, 2017. For more information, visit www.phillips66.com
or follow us on Twitter @Phillips66Co.

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