PSX73.63 -0.2PSXP36.82 -0 Contact Phillips 66 ABOUT INVESTORS NEWSROOM OPERATIONS SUSTAINABILITY SEARCH Phillips 66 Partners Phillips 66 Partners (NYSE: PSXP) began trading on the New York Stock Exchange on July 23, 2013. Headquartered in Houston, Texas, Phillips 66 Partners is a master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and natural gas liquids (“NGL”) pipelines and terminals and other transportation and midstream assets. © Phillips 66 Company. All rights reserved. Terms and Conditions and Privacy Statement. California Transparency in Supply Chains Disclosure.

PSX73.63 -0.2PSXP36.82 -0 Contact Phillips 66 ABOUT INVESTORS NEWSROOM OPERATIONS SUSTAINABILITY SEARCH About Learn more about Philips 66 Partners. Business Strategies Our primary business objectives are to generate stable and predictable cash flows flows while maintaining a strong balance sheet and disciplined capital allocation. We intend to accomplish these objectives by executing the following strategies: Maintain safe and reliable operations Focus on fee-based businesses Optimize existing assets and pursue organic growth We are committed to maintaining and improving the safety, reliability and efficiency of our operations, which we believe to be key components in generating stable cash flows. We strive for operational excellence by utilizing Phillips 66's existing programs to integrate health, occupational safety, process safety and environmental principles throughout our business with a commitment to continuous improvement. We will continue to employ Phillips 66's rigorous training, integrity and audit programs to drive ongoing improvements in both personal and process safety as we strive for zero incidents. Safety Safety is our top priority. Phillips 66 employees operate Phillips 66 Partners' assets on behalf of the partnership. We implement Phillips 66's existing programs to integrate health, occupational safety, process safety and environmental principles throughout our business with a commitment to continuous improvement. We employ Phillips 66's rigorous training, integrity and audit programs to drive ongoing improvements in both personal and process safety as we strive for zero incidents. Click here to learn more about Phillips 66's pipeline safety. Tariffs To look up tariff rates for Phillips 66 Partners assets, please visit the Phillips 66 Midstream site. © Phillips 66 Company. All rights reserved. Terms and Conditions and Privacy Statement. California Transparency in Supply Chains Disclosure.