Phillips 66 boosts share buyback authorization by $10 billion

• Phillips 66 lifted its share repurchase authorization by USD 10 billion as the existing program neared its limit.
• Buybacks will be executed opportunistically in the open market, subject to market conditions.
• Repurchased shares will be held as treasury stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via Business Wire (Ref. ID: 20260731749146) on July 31, 2026, and is solely responsible for the information contained therein.