Phillips 66 DCP Merger Proposal

Operating Excellence Total Recordable Rates (Incidents per 200,000 hours worked) Industry Average Phillips 66 CPChem DCP Midstream .41 .38 .38 .35 .33 .30 32 .31 .79 .23 .66 .65 .36 .37 .14 .15 .11 .12 .11 .15 .10 .05 .10 .12 18 19 20 20 21 22 22 18 19 20 20 21 22 22 18 19 See appendix for footnotes 20 20 Industry Safety Metrics (Incidents per 200,000 hours worked) 0.11 Petroleum Phillips 66 Food Agricul., All Construction Petchem. Manufact. Crop Manufact. Manufact. Prod. Prof. & Bus. Services Refining Refining Crude Capacity Utilization Phillips 66 .55 (%) U.S. Industry Average 95%93% 94%90% 90%92% 84%86% 90%87% 76% 79% .33 34 .34 22 21 22 18 19 20 21 22 22 1Q23 6 PHILLIPS 66

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