Elliott's John Pike and Geoff Sorbello provide their final analysis as shareholders vote to secure a stronger, more prosperous future for Phillips 66. This episode references slides #8, 11, and 98 from this presentation: https://streamline66.com/wp-content/uploads/2025/04/Streamline-66-Elliotts-Perspectives-on-Value-Creation.pdf Additional Information: Elliott Investment Management L.P., together with the other participants in Elliott’s proxy solicitation (collectively, “Elliott”), has filed a definitive proxy statement and accompanying GOLD universal proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit proxies with respect to the election of Elliott’s slate of highly qualified director candidates and the other proposals to be presented at the 2025 annual meeting of stockholders (the “Annual Meeting”) of Phillips 66, a Delaware corporation (“Phillips” or the “Company”). Stockholders are advised to read the proxy statement and any other documents related to the solicitation of stockholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in Elliott’s proxy solicitation. These materials and other materials filed by Elliott with the SEC in connection with the solicitation of proxies are available at no charge on the SEC’s website at http://www.sec.gov. The definitive proxy statement and other relevant documents filed by Elliott with the SEC are also available, without charge, by directing a request to Elliott’s proxy solicitor, Okapi Partners LLC, at its toll-free number (877) 629-6357 or via email at info@okapipartners.com. Streamline 66 Homepage: https://streamline66.com/ Streamline 66 Podcast: https://streamline66.com/podcast/ Learn More About Our Nominees Here: https://streamline66.com/nominees/

The latest installment of Elliott’s Streamline66 podcast features Michael Heim, who has a long record of leadership in the energy industry as a founder of Targa Resources, one of the most successful Permian-focused midstream operators.  Additional Information:   Elliott Investment Management L.P., together with the other participants in Elliott’s proxy solicitation (collectively, “Elliott”), has filed a definitive proxy statement and accompanying GOLD universal proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit proxies with respect to the election of Elliott’s slate of highly qualified director candidates and the other proposals to be presented at the 2025 annual meeting of stockholders (the “Annual Meeting”) of Phillips 66, a Delaware corporation (“Phillips” or the “Company”). Stockholders are advised to read the proxy statement and any other documents related to the solicitation of stockholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in Elliott’s proxy solicitation. These materials and other materials filed by Elliott with the SEC in connection with the solicitation of proxies are available at no charge on the SEC’s website at ⁠http://www.sec.gov⁠. The definitive proxy statement and other relevant documents filed by Elliott with the SEC are also available, without charge, by directing a request to Elliott’s proxy solicitor, Okapi Partners LLC, at its toll-free number (877) 629-6357 or via email at ⁠info@okapipartners.com⁠.   Streamline 66 Homepage:  ⁠https://streamline66.com/⁠ Streamline 66 Podcast: ⁠https://streamline66.com/podcast/⁠   Learn More About Our Nominees Here: ⁠https://streamline66.com/nominees/⁠

Sig Cornelius, the former CFO of ConocoPhillips, draws on his four-decade career in the energy industry to share insights on refining operations, midstream assets, and his experiences on boards during corporate transformations. Additional Information: Elliott Investment Management L.P., together with the other participants in Elliott’s proxy solicitation (collectively, “Elliott”), has filed a definitive proxy statement and accompanying GOLD universal proxy card with the Securities and Exchange Commission (“SEC”) to be used to solicit proxies with respect to the election of Elliott’s slate of highly qualified director candidates and the other proposals to be presented at the 2025 annual meeting of stockholders (the “Annual Meeting”) of Phillips 66, a Delaware corporation (“Phillips” or the “Company”). Stockholders are advised to read the proxy statement and any other documents related to the solicitation of stockholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in Elliott’s proxy solicitation. These materials and other materials filed by Elliott with the SEC in connection with the solicitation of proxies are available at no charge on the SEC’s website at http://www.sec.gov. The definitive proxy statement and other relevant documents filed by Elliott with the SEC are also available, without charge, by directing a request to Elliott’s proxy solicitor, Okapi Partners LLC, at its toll-free number (877) 629-6357 or via email at info@okapipartners.com. Streamline 66 Homepage: https://streamline66.com/ Streamline 66 Podcast: https://streamline66.com/podcast/ Learn More About Our Nominees Here: https://streamline66.com/nominees/

Elliott partner John Pike discusses the firm's investment in Phillips 66 and how the Streamline 66 plan aims to unlock shareholder value.

Today's episode features Nominee Stacy Nieuwoudt, a former energy and industrials analyst at Citadel, discussing the value of bringing an investor mindset and her deep industry expertise to the boardroom.

The latest in Elliott Investment Management’s efforts to help streamline Phillips 66 and enhance shareholder value, featuring conversations with industry experts and Elliott’s exceptional director candidates.

The latest in Elliott Investment Management’s efforts to help streamline Phillips 66 and enhance shareholder value, featuring conversations with industry experts and Elliott’s exceptional director candidates.