PHILLIPS 66 EMPLOYEE POLITICAL ACTION COMMITTEE In accordance with board and company policies, Phillips 66 does not make direct corporate contributions to candidates in state and federal elections where prohibited. Employees can, however, support candidates for office through PAC66, a political action committee that is funded exclusively through voluntary contributions from eligible employees and members of the board of directors. It is registered with the Federal Election Commission, and contributions are reported monthly. Employees participating in PAC66 are not reimbursed — directly or indirectly — for political contributions or expenses. PAC66’s board of directors is comprised of a broad cross-section of company employees. The board approves all PAC66 disbursements, which are made solely in the best interest of the company and its shareholders, and not according to the personal agendas of individual directors, officers or employees. PAC66 contributes to state and federal political candidates who support responsible energy industry activities and other business issues of interest to the company. TRADE ASSOCIATIONS We participate in industry trade associations where we share technical and standards expertise and lessons learned from incident investigations. We also develop best practices and take part in public education efforts regarding issues of common concern to our industry. Our participation in trade and industry associations is subject to management oversight by our Government Affairs team, which serves as the principal representative in such associations and recommends memberships to our Executive Leadership Team. We regularly review associations and memberships to ensure that they continue to serve our business needs. Phillips 66 pays regular membership dues to several trade associations, some of which use a portion of those dues for nondeductible state and federal lobbying and political expenditures. Following the U.S. Internal Revenue Code, these trade associations provide us with documentation of the part of our annual dues that is attributable to lobbying expenses. We disclose these contributions in our Political Giving and Activity Policy. Trade associations are advocates on many issues, including climate change. We use our climate change position and principles when evaluating a trade association's position on specific legislation or regulation. Participation in a trade association, including membership on its board, does not mean that the company agrees with every position the association takes on an issue. When our corporate position differs from that of the association, we seek to work with the association members to promote reasonable compromise on major initiatives affecting our business and stakeholders. Additionally, we are active members in local Chambers of Commerce and other civic organizations where our operating assets are located. A list of these organizations can be found in our Political Giving and Activity Policy. Analysis of trade associations' alignment with our positions are detailed in our Lobbying Activities Report , available on our website . Bayway Refinery LINDEN, NJ 43 GOVERNANCE