The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of 50 cents per share on Phillips 66 common stock. The dividend is payable on Dec. 1, 2014 to shareholders of record as of the close of business on Nov. 14, 2014.

About Phillips 66

Built on more than 130 years of experience, Phillips 66 is a growing energy manufacturing and logistics company with high-performing Midstream, Chemicals, Refining, and Marketing and Specialties businesses. This integrated portfolio enables Phillips 66 to capture opportunities in a changing energy landscape. Headquartered in Houston, the company has 13,500 employees who are committed to operating excellence and safety. Phillips 66 had $51 billion of assets as of June 30, 2014. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.

Phillips 66Dennis Nuss, 832-765-1850 (media)dennis.h.nuss@p66.comorRosy Zuklic, 832-765-2297 (investors)rosy.zuklic@p66.com

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