Safety Performance Our safety culture, comprehensive HSE policies, management systems and an across-the-board company commitment resulted in an OSHA Total Recordable Rate (TRR) of 0.12 in 2021. That’s 25 times lower than the overall U.S. manufacturing average and lower than the 2021 average in refining and other industries. Our 2021 combined Tier 1 and Tier 2 Process Safety was 0.13, our best-ever performance. 2021 was also a record year for Midstream Operations, as we recorded the safest year in Midstream history: • Recorded our best TRR ever at 0.03 • Achieved two years without an employee recordable injury • Set a record for fewest spills and fewest PSEs • Added the 17th Midstream facility to our list of operating facilities that are recognized as VPP STAR sites Sources: Bureau of Labor Statistics, 2020 data; Phillips 66, 2021 data TOTAL RECORDABLE RATE (TRR) BY INDUSTRY 5 4 3 2 1 0 0.12 Industry Average n Food manufacturing n Retail trade n Construction n Motion picture, video industries n Electric power generation, transmission, distribution n Petroleum refineries n Phillips 66 (Incidents per 200,000 hours worked) (All industries including private, local and state government) WORKING TOWARD ZERO We are determined to be the energy industry's safest and most reliable company. We believe that a zero- process-safety-incident and zero-injury workplace is achievable. We are committed to protecting the health and safety of everyone at our worksites and in the communities where we operate. This priority is embodied in our investment in asset maintenance and integrity and our HSE policies, programs and procedures. We proactively perform focused audits on major work activities such as energy isolation, startup/shutdown activities, turnaround events, procedures and human performance tools. Our business units complete an annual report on risks, including a list of corrective actions to address risks identified and closed during the year. In addition, business unit managers verify compliance with company risk management requirements. The reports are reviewed and signed off by each subsequent level of management. Ultimately, a complete report containing the status of risk items throughout the company is developed, reviewed with the chairman and CEO, and summarized for the Public Policy and Sustainability Committee. Safety and environmental performance are part of our compensation structure for executives and employees. We measure ourselves against the best performers in our industry and target top-quartile performance in safety, environmental stewardship and effective management of unplanned downtime. 21 ENVIRONMENT AND SAFETY