Phillips 66 DCP Merger Proposal

Sustainable Business Practices Environmental Targets to lower GHG emissions intensity from 2019 baseline 30% scope 1 and 2 by 2030 15% scope 3 by 2030 50% scope 1 and 2 by 2050 imn Social 680,000 hours volunteered since 2012 $280 MM invested in our communities since 2012 42% of our U.S. hires were from underrepresented groups in 2022 1000 Governance Active shareholder engagement program 85% independent directors 38% diverse board based on gender See appendix for footnotes PHILLIPS 30 66

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