a50622162_ex992.htm

Exhibit 99.2

Phillips 66 Earnings Release Supplemental Data


CONSOLIDATED INCOME STATEMENT

	Millions of Dollars
	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Revenues and Other Income
Sales and other operating revenues*		45,783			46,747			42,945			43,985			179,460			41,263						41,263
Equity in earnings of affiliates		734			815			959			626			3,134			1,039						1,039
Net gain (loss) on dispositions		2			188			(1	)		4			193			1						1
Other income		1			77			4			53			135			23						23
Total Revenues and Other Income		46,520			47,827			43,907			44,668			182,922			42,326						42,326

Costs and Expenses
Purchased crude oil and products		40,328			40,398			36,189			37,568			154,483			35,264						35,264
Operating expenses		1,092			984			884			1,072			4,032			978						978
Selling, general and administrative expenses		349			480			432			461			1,722			332						332
Depreciation and amortization		216			224			229			244			913			245						245
Impairments		43			275			248			592			1,158			24						24
Taxes other than income taxes*		3,420			3,475			3,410			3,436			13,741			3,324						3,324
Accretion on discounted liabilities		5			6			7			7			25			6						6
Interest and debt expense		13			83			74			76			246			70						70
Foreign currency transaction (gains) losses		(15	)		8			(15	)		(7	)		(29	)		2						2
Total Costs and Expenses		45,451			45,933			41,458			43,449			176,291			40,245						40,245
Income before income taxes		1,069			1,894			2,449			1,219			6,631			2,081						2,081
Provision for income taxes		431			712			848			509			2,500			671						671
Net Income		638			1,182			1,601			710			4,131			1,410						1,410
Less: net income attributable to
noncontrolling interests		2			1			2			2			7			3						3
Net Income Attributable to Phillips 66		636			1,181			1,599			708			4,124			1,407						1,407
* Includes excise taxes on petroleum products sales:		3,321			3,389			3,312			3,349			13,371			3,258						3,258


Net Income Attributable to Phillips 66
Per Share of Common Stock (dollars)
Basic		1.01			1.88			2.53			1.12			6.55			2.25						2.25
Diluted		1.00			1.86			2.51			1.11			6.48			2.23						2.23

Average Common Shares Outstanding (in thousands)
Basic		627,628			628,510			630,672			628,527			628,835			625,030						625,030
Diluted		634,645			635,157			637,913			635,634			636,764			631,288						631,288

SUMMARY OF INCOME (LOSS) ATTRIBUTABLE TO PHILLIPS 66 BY SEGMENT

	Millions of Dollars
	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Midstream		108			(75	)		(72	)		92			53			110						110
Chemicals		217			207			153			246			823			282						282
Refining		393			916			1,545			363			3,217			922						922
Marketing and Specialties		(12	)		252			98			127			465			188						188
Corporate and Other		(70	)		(119	)		(125	)		(120	)		(434	)		(95	)					(95	)
Consolidated		636			1,181			1,599			708			4,124			1,407						1,407

SUMMARY OF INCOME (LOSS) BEFORE TAXES BY SEGMENT

	Millions of Dollars
	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Midstream		174			(125	)		(95	)		135			89			175						175
Chemicals		300			307			236			346			1,189			403						403
Refining		616			1,546			2,351			771			5,284			1,399						1,399
Marketing and Specialties		84			343			128			187			742			279						279
Corporate and Other		(105	)		(177	)		(171	)		(220	)		(673	)		(175	)					(175	)
Consolidated		1,069			1,894			2,449			1,219			6,631			2,081						2,081

EFFECTIVE TAX RATES

	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Midstream		36.8	%		40.8	%		26.3	%		30.4	%		32.6	%		35.4	%					35.4	%
Chemicals		27.7	%		32.6	%		35.2	%		28.9	%		30.8	%		30.0	%					30.0	%
Refining		36.2	%		40.8	%		34.3	%		52.9	%		39.1	%		34.1	%					34.1	%
Marketing and Specialties		114.3	%		26.5	%		23.4	%		32.1	%		37.3	%		32.6	%					32.6	%
Corporate and Other		33.3	%		32.8	%		26.9	%		45.5	%		35.5	%		45.7	%					45.7	%
Consolidated		40.3	%		37.6	%		34.6	%		41.8	%		37.7	%		32.2	%					32.2	%

SUMMARY OF ADJUSTED NET INCOME (LOSS) ATTRIBUTABLE TO PHILLIPS 66 BY SEGMENT

	Millions of Dollars
	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Midstream		108			95			88			71			362			83						83
Chemicals		217			242			275			246			980			282						282
Refining		454			885			1,545			960			3,844			909						909
Marketing and Specialties		55			284			98			127			564			202						202
Corporate and Other		(70	)		(89	)		(112	)		(92	)		(363	)		(95	)					(95	)
Consolidated		764			1,417			1,894			1,312			5,387			1,381						1,381




SPECIAL ITEMS INCLUDED IN NET INCOME ATTRIBUTABLE TO PHILLIPS 66
(AFTER-TAX)

	Millions of Dollars
	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
Midstream
Gain on share issuance by equity affiliate		-			-			-			-			-			27						27
Impairments		-			(170	)		(160	)		-			(330	)		-						-
Pending claims and settlements		-			-			-			23			23			-						-
Hurricane-related costs		-			-			-			(2	)		(2	)		-						-
Total Midstream		-			(170	)		(160	)		21			(309	)		27						27

Chemicals
Impairments		-			-			(27	)		-			(27	)		-						-
Premium on early debt retirement		-			(35	)		(54	)		-			(89	)		-						-
Repositioning tax impacts		-			-			(41	)		-			(41	)		-						-
Total Chemicals		-			(35	)		(122	)		-			(157	)		-						-

Refining
Gain (loss) on asset sales		-			104			-			-			104			-						-
Impairments		(42	)		-			-			(564	)		(606	)		-						-
Pending claims and settlements		(19	)		-			-			-			(19	)		-						-
Repositioning tax impacts		-			(73	)		-			-			(73	)		-						-
Tax law impacts		-			-			-			-			-			13						13
Hurricane-related costs		-			-			-			(33	)		(33	)		-						-
Total Refining		(61	)		31			-			(597	)		(627	)		13						13

Marketing and Specialties
Gain (loss) on asset sales		-			2			-			-			2			-						-
Pending claims and settlements		-			(38	)		-			-			(38	)		16						16
Repositioning tax impacts		(67	)		4			-			-			(63	)		-						-
Exit of a business line		-			-			-			-			-			(34	)					(34	)
Tax law impacts		-			-			-			-			-			4						4
Total Marketing and Specialties		(67	)		(32	)		-			-			(99	)		(14	)					(14	)

Corporate and Other
Impairments		-			-			-			(16	)		(16	)		-						-
Repositioning costs		-			(30	)		(13	)		(12	)		(55	)		-						-
Total Corporate and Other		-			(30	)		(13	)		(28	)		(71	)		-						-

Total Phillips 66		(128	)		(236	)		(295	)		(604	)		(1,263	)		26						26

Refining—Regional Totals
Atlantic Basin/Europe		(42	)		31			-			(33	)		(44	)		7						7
Gulf Coast		-			-			-			-			-			-						-
Central Corridor		-			-			-			-			-			3						3
Western/Pacific		-			-			-			(564	)		(564	)		2						2
Other Refining		(19	)		-			-			-			(19	)		1						1
Total Refining		(61	)		31			-			(597	)		(627	)		13						13

Marketing and Specialties
Marketing		(67	)		(32	)		-			-			(99	)		20						20
Specialties		-			-			-			-			-			(34	)					(34	)
Total Marketing and Specialties		(67	)		(32	)		-			-			(99	)		(14	)					(14	)

SPECIAL ITEMS INCLUDED IN INCOME FROM CONTINUING OPERATIONS
(PRE-TAX)

	Millions of Dollars
	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Midstream		-			(275	)		(248	)		35			(488	)		43						43

Chemicals		-			(57	)		(130	)		-			(187	)		-						-

Refining
Atlantic Basin/Europe		(42	)		185			-			(54	)		89			12						12
Gulf Coast		-			-			-			-			-			-						-
Central Corridor		-			-			-			-			-			5						5
Western/Pacific		-			-			-			(564	)		(564	)		3						3
Other Refining		(31	)		-			-			-			(31	)		2						2
Total Refining		(73	)		185			-			(618	)		(506	)		22						22

Marketing and Specialties
Marketing		-			(58	)		-			-			(58	)		31						31
Specialties		-			-			-			-			-			(54	)					(54	)
Total Marketing and Specialties		-			(58	)		-			-			(58	)		(23	)					(23	)

Corporate and Other		-			(46	)		(21	)		(43	)		(110	)		-						-

Total Phillips 66		(73	)		(251	)		(399	)		(626	)		(1,349	)		42						42




CASH FLOW INFORMATION

	Millions of Dollars
	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Cash Flows From Operating Activities
Net income		638			1,182			1,601			710			4,131			1,410						1,410
Depreciation and amortization		216			224			229			244			913			245						245
Impairments		43			275			248			592			1,158			24						24
Accretion on discounted liabilities		5			6			7			7			25			6						6
Deferred taxes		169			9			(67	)		110			221			81						81
Undistributed equity earnings		(349	)		(212	)		(367	)		56			(872	)		77						77
Net (gain)/loss on dispositions		(2	)		(188	)		1			(4	)		(193	)		(1	)					(1	)
Other		(178	)		164			95			(12	)		69			(34	)					(34	)
Net working capital changes		(903	)		(26	)		171			(398	)		(1,156	)		405						405
Net Cash Provided by
(Used in) Operating Activities		(361	)		1,434			1,918			1,305			4,296			2,213						2,213

Cash Flows From Investing Activities
Capital expenditures and investments		(218	)		(270	)		(339	)		(894	)		(1,721	)		(387	)					(387	)
Proceeds from asset dispositions		6			234			19			27			286			9						9
Advances/loans—related parties		-			-			(100	)		-			(100	)		-						-
Collection of advances/loans—related parties		-			-			-			-			-			55						55
Other		-			-			-			-			-			-						-
Net Cash Used in Investing Activities		(212	)		(36	)		(420	)		(867	)		(1,535	)		(323	)					(323	)

Cash Flows From Financing Activities
Contributions from (distributions to) ConocoPhillips		891			(6,146	)		-			-			(5,255	)		-						-
Issuance of debt		5,794			2,000			-			-			7,794			-						-
Repayment of debt		(7	)		(191	)		(8	)		(1,004	)		(1,210	)		(3	)					(3	)
Issuance of common stock		-			2			21			24			47			(6	)					(6	)
Repurchase of common stock		-			-			(111	)		(245	)		(356	)		(382	)					(382	)
Dividends paid on common stock		-			-			(125	)		(157	)		(282	)		(194	)					(194	)
Change in restricted cash		(6,050	)		6,050			-			-			-			-						-
Other		(55	)		(12	)		27			1			(39	)		-						-
Net Cash Provided by (Used in)
Financing Activities		573			1,703			(196	)		(1,381	)		699			(585	)					(585	)

Effect of Exchange Rate Changes		-			3			24			(13	)		14			(26	)					(26	)

Net Change in Cash
and Cash Equivalents		-			3,104			1,326			(956	)		3,474			1,279						1,279
Cash and cash equivalents
at beginning of period		-			-			3,104			4,430			-			3,474						3,474
Cash and Cash Equivalents
at End of Period		-			3,104			4,430			3,474			3,474			4,753						4,753

CAPITAL PROGRAM

	Millions of Dollars
	2012										2013
	1st Qtr		2nd Qtr		3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD

Consolidated Capital Expenditures and Investments
Midstream**		33		41		62		568		704		110					110
Chemicals		-		-		-		-		-		-					-
Refining		171		176		149		242		738		136					136
Marketing and Specialties		14		27		35		63		139		102					102
Corporate and Other		-		26		93		21		140		39					39
Total Consolidated		218		270		339		894		1,721		387					387

Proportional Share of Select Equity Affiliates Capital Expenditures and Investments*
DCP Midstream (Midstream)**		225		338		410		351		1,324		274					274
CPChem (Chemicals)		75		72		93		131		371		107					107
WRB Refining (Refining)		13		24		36		63		136		29					29
Select Equity Affiliates		313		434		539		545		1,831		410					410


Total Capital Program*
Midstream**		258		379		472		919		2,028		384					384
Chemicals		75		72		93		131		371		107					107
Refining		184		200		185		305		874		165					165
Marketing and Specialties		14		27		35		63		139		102					102
Corporate and Other		-		26		93		21		140		39					39
Total Capital Program		531		704		878		1,439		3,552		797					797
* Includes Phillips 66’s portion of self-funded capital spending by WRB Refining, DCP Midstream and Chevron Phillips Chemical Company.
** 4th quarter 2012 consolidated amount includes acquisition of a one-third interest in the Sand Hills and Southern Hills pipeline
projects from DCP Midstream for $459 million. This amount is also included in DCP Midstream's capital spending through 2012.




MIDSTREAM

	2012														2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr		YTD			1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD

Midstream Net Income (Loss) Attributable to Phillips 66 ($ Millions)
DCP Midstream		60			42			39			38		179			56					56
NGL operations		19			29			17			19		84			9					9
Transportation		29			(146	)		(128	)		35		(210	)		45					45
Midstream Net Income (Loss) Attributable
to Phillips 66		108			(75	)		(72	)		92		53			110					110

Midstream Income (Loss) before Income Taxes ($ Millions)
DCP Midstream		93			66			62			58		279			87					87
NGL operations		31			45			28			24		128			15					15
Transportation		50			(236	)		(185	)		53		(318	)		73					73
Midstream Income (Loss) before Income Taxes		174			(125	)		(95	)		135		89			175					175

Depreciation and Amortization ($ Millions)
DCP Midstream		-			-			-			-		-			-					-
NGL operations		-			1			-			-		1			1					1
Transportation		18			21			19			24		82			18					18
Total		18			22			19			24		83			19					19

Operating and SG&A Expense ($ Millions)
DCP Midstream		(2	)		1			(1	)		-		(2	)		-					-
NGL operations		19			16			9			12		56			14					14
Transportation		100			98			97			110		405			94					94
Total		117			115			105			122		459			108					108

Transportation Volumes (MB/D)
Pipelines*		2,834			2,870			3,011			2,875		2,898			3,052					3,052
Terminals		1,134			1,181			1,221			1,141		1,169			1,041					1,041
* Pipelines represents the sum of volumes transported through each separately tariffed pipeline segment, including our share of equity volumes in Yellowstone and Lake Charles pipelines.

PSX Other Volumes
NGL Fractionated (MB/D)		105			93			113			110		105			117					117

100% DCP Midstream Results
Net Income, excludes parent company income tax
related to DCP's earnings ($ Millions)		144			132			95			115		486			91					91

Depreciation and Amortization ($ Millions)		120			37			68			66		291			69					69

Operating and SG&A Expense ($ Millions)		226			236			258			244		964			228					228

Net Interest Expense ($ Millions)*		56			47			43			47		193			50					50
* Net of interest income

Capex and Investments ($ Millions)		450			676			820			701		2,647			547					547

Selected DCP Volumes and Gross Margin by Major Contract Type (excludes current quarter)
Percentage of Proceeds (long NGL / long Gas)*
Volume (TBtu/d)		4.8			4.7			4.9			4.9		4.8			**					**
Gross Margin ($ Millions)		225			170			180			210		785			**					**

Keep-whole (long NGL / short Gas)*
Volume (TBtu/d)		0.8			0.8			0.8			0.6		0.8			**					**
Gross Margin ($ Millions)		105			80			60			50		295			**					**

Fee-based Gas (primarily gathering & transport)*
Volume (TBtu/d)		4.7			4.7			4.7			4.6		4.7			**					**
Gross Margin ($ Millions)		60			62			60			70		252			**					**

Fee-based NGL Transport and Fractionation
Volume (MB/D)		214			163			175			192		186			**					**
Gross Margin ($ Millions)		19			15			15			19		68			**					**

Other Gross Margin***
Gross Margin ($ Millions)		152			178			140			163		633			**					**

Total Throughput (TBtu/d)		7.2			7.0			7.2			6.9		7.1			6.9					6.9
NGL Production (MB/D)		412			392			398			405		402			396					396
* Certain volumes earn duplicate revenue streams (i.e. both fee plus processing economics).
** Pending DCP release
*** Includes NGL/Propane Marketing, MTM, Condensate Sales, Gas Marketing activity and other items.

Weighted Average NGL Price*
DCP Midstream ($/BBL)		42.10			32.48			30.21			32.18		34.24			31.09					31.09
DCP Midstream ($/gal)		1.00			0.77			0.72			0.77		0.82			0.74					0.74
* Prices are based on index prices from the Mont Belvieu and Conway market hubs that are weighted by natural gas liquids component and location mix.




CHEMICALS

	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
Chemicals Net Income Attributable
to Phillips 66 ($ Millions)		217			207			153			246			823			282						282

100% CPChem Results
Net Income, excludes parent company income tax
related to CPChem's earnings ($ Millions)
Olefins & Polyolefins		559			681			693			665			2,598			726						726
Specialties, Aromatics and Styrenics		59			75			(10	)		80			204			56						56
Corporate and Other		(10	)		(134	)		(210	)		(45	)		(399	)		29						29
Total		608			622			473			700			2,403			811						811

Income (Loss) before Income Taxes ($ Millions)
Olefins & Polyolefins		567			692			700			675			2,634			736						736
Specialties, Aromatics and Styrenics		66			83			(2	)		86			233			60						60
Corporate and Other		(9	)		(133	)		(210	)		(45	)		(397	)		30						30
Total		624			642			488			716			2,470			826						826

Depreciation and Amortization ($ Millions)		64			64			155			73			356			64						64

Net Interest Expense ($ Millions)*		7			3			-			(1	)		9			(1	)					(1	)
* Net of interest income

Investing Cash Flows ($ Millions)
Capex and Investments		149			144			186			262			741			214						214
Advances to Equity Companies		35			70			44			66			215			45						45
Advance Repayments from Equity Companies		(103	)		(63	)		(54	)		(83	)		(303	)		(43	)					(43	)

Externally Marketed Sales Volumes (MM Lbs)
Olefins & Polyolefins		3,640			3,510			3,811			4,006			14,967			4,036						4,036
Specialties, Aromatics and Styrenics		1,793			1,811			1,545			1,570			6,719			1,496						1,496
Total		5,433			5,321			5,356			5,576			21,686			5,532						5,532

Olefins & Polyolefins Capacity Utilization (%)		94	%		92	%		97	%		90	%		93	%		91	%					91	%

Market Indicators
Industry Prices*
Ethylene, Net Transaction Price (cents/lb)		55.17			46.83			45.42			45.67			48.27			48.00						48.00
HDPE Blow Molding (cents/lb)		92.00			88.00			84.33			84.67			87.25			91.67						91.67

Industry Costs*
Ethylene, Cash Cost Weighted Average Feed (cents/lb)		28.25			18.47			19.72			18.62			21.22			13.80						13.80
HDPE, Total Cash Cost (cents/lb)		72.74			64.81			62.04			63.22			65.71			69.26						69.26
* Released by IHS. Reflect the IHS analysis of historical market indicators.



REFINING

	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Refining Net Income (Loss) Attributable to Phillips 66 ($ Millions)
Atlantic Basin/Europe		(10	)		137			321			117			565			98						98
Gulf Coast		(45	)		183			266			175			579			44						44
Central Corridor		405			574			773			511			2,263			589						589
Western/Pacific		(1	)		(34	)		136			(486	)		(385	)		62						62
Other Refining		44			56			49			46			195			129						129
Refining Net Income Attributable
to Phillips 66		393			916			1,545			363			3,217			922						922

Refining Income (Loss) before Income Taxes ($ Millions)
Atlantic Basin/Europe		7			312			451			124			894			141						141
Gulf Coast		(70	)		283			408			250			871			57						57
Central Corridor		602			891			1,194			783			3,470			925						925
Western/Pacific		18			(21	)		212			(444	)		(235	)		94						94
Other Refining		59			81			86			58			284			182						182
Refining Income before Income Taxes		616			1,546			2,351			771			5,284			1,399						1,399

Realized Refining Margins ($/BBL)*
Atlantic Basin/Europe		6.43			7.98			12.88			9.85			9.28			8.61						8.61
Gulf Coast		5.95			9.36			11.42			9.08			9.02			8.54						8.54
Central Corridor		19.22			26.72			31.82			27.85			26.37			27.29						27.29
Western/Pacific		10.70			7.91			13.30			12.01			11.04			9.64						9.64
Worldwide		10.39			12.85			16.97			13.99			13.59			13.94						13.94
* Based on total processed inputs and includes proportional share of refining margins contributed by certain equity affiliates.

Depreciation and Amortization ($ Millions)*
Atlantic Basin/Europe		39			40			41			45			165			42						42
Gulf Coast		49			51			50			51			201			52						52
Central Corridor		21			21			21			22			85			27						27
Western/Pacific		49			48			52			49			198			53						53
Other Refining		1			1			1			3			6			3						3
Total		159			161			165			170			655			177						177
* Excludes D&A of all equity affiliates

Operating and SG&A Expense ($ Millions)*
Atlantic Basin/Europe		237			225			203			285			950			257						257
Gulf Coast		332			271			286			322			1,211			327						327
Central Corridor		113			135			97			103			448			98						98
Western/Pacific		257			230			198			228			913			185						185
Other Refining		40			5			17			27			89			23						23
Total		979			866			801			965			3,611			890						890
* Excludes Operating and SG&A Expense of all equity affiliates

Turnaround Expense ($ Millions), included in Operating and SG&A Expense*
Atlantic Basin/Europe		14			5			1			13			33			12						12
Gulf Coast		65			14			12			35			126			64						64
Central Corridor		21			43			3			2			69			6						6
Western/Pacific		76			52			18			34			180			4						4
Total		176			114			34			84			408			86						86
* Excludes Turnaround Expense of all equity affiliates

Taxes Other than Income Taxes, excluding Excise Taxes ($ Millions)
Atlantic Basin/Europe		18			14			20			14			66			18						18
Gulf Coast		22			17			17			16			72			22						22
Central Corridor		10			8			7			8			33			9						9
Western/Pacific		27			27			28			26			108			27						27
Other Refining		2			1			2			1			6			(3	)					(3	)
Total		79			67			74			65			285			73						73

Foreign Currency Gains
(Losses) After-Tax ($ Millions)		15			(3	)		3			2			17			16						16

Refining - Equity Affiliate Information
Equity in earnings of affiliates		313			410			628			191			1,542			517						517
Less: Share of equity affiliate gross margin included in Realized
Refining Margin and other equity affiliate-related costs*		(517	)		(564	)		(812	)		(440	)		(2,333	)		(719	)					(719	)
Equity-affiliate-related expenses
not included in Realized Refining Margins		(204	)		(154	)		(184	)		(249	)		(791	)		(202	)					(202	)
Regional Totals
Gulf Coast		(30	)		(14	)		(5	)		(17	)		(66	)		(36	)					(36	)
Central Corridor		(108	)		(101	)		(117	)		(177	)		(503	)		(120	)					(120	)
Other Regions**		(66	)		(39	)		(62	)		(55	)		(222	)		(46	)					(46	)
Total		(204	)		(154	)		(184	)		(249	)		(791	)		(202	)					(202	)
* Other costs associated with equity affiliates which do not flow through equity earnings.
** Combined equity affiliates reported in Atlantic Basin/Europe and Western/Pacific.




REFINING (continued)

	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD

Atlantic Basin/Europe*
Crude Oil Charge Input (MB/D)		573			561			587			497			555			571						571
Total Charge Input (MB/D)		621			612			625			523			595			614						614
Crude Oil Capacity Utilization (%)		98	%		95	%		100	%		84	%		94	%		97	%					97	%
Clean Product Yield (%)		85	%		85	%		84	%		82	%		84	%		85	%					85	%
* Includes our proportionate share of a refinery complex in Karlsruhe, Germany.

Gulf Coast
Crude Oil Charge Input (MB/D)		600			670			649			709			657			584						584
Total Charge Input (MB/D)		672			749			730			785			734			643						643
Crude Oil Capacity Utilization (%)		82	%		91	%		88	%		97	%		90	%		80	%					80	%
Clean Product Yield (%)		80	%		84	%		80	%		81	%		81	%		81	%					81	%

Central Corridor*
Crude Oil Charge Input (MB/D)		479			446			478			413			454			457						457
Total Charge Input (MB/D)		494			459			494			428			469			473						473
Crude Oil Capacity Utilization (%)		102	%		95	%		102	%		88	%		97	%		96	%					96	%
Clean Product Yield (%)		88	%		87	%		87	%		88	%		88	%		87	%					87	%
* Includes our proportionate share of the Borger Refinery and Wood River Refinery.

Western/Pacific*
Crude Oil Charge Input (MB/D)		375			391			424			401			398			401						401
Total Charge Input (MB/D)		401			409			439			423			418			441						441
Crude Oil Capacity Utilization (%)		85	%		89	%		97	%		91	%		91	%		91	%					91	%
Clean Product Yield (%)		86	%		80	%		83	%		85	%		83	%		83	%					83	%
* Includes our proportionate share of a refinery in Melaka, Malaysia.

Worldwide - Including Proportionate Share of Equity Affiliates
Crude Oil Charge Input (MB/D)		2,027			2,068			2,138			2,020			2,064			2,013						2,013
Total Charge Input (MB/D)		2,188			2,229			2,288			2,159			2,216			2,171						2,171
Crude Oil Capacity Utilization (%)		91	%		93	%		96	%		91	%		93	%		90	%					90	%
Clean Product Yield (%)		84	%		84	%		83	%		83	%		84	%		84	%					84	%

Refined Products Production (MB/D)
Atlantic Basin/Europe*
Gasoline		243			251			244			196			233			240						240
Distillates		269			253			268			218			252			264						264
Other		115			112			116			113			114			114						114
Total		627			616			628			527			599			618						618
* Includes our proportionate share of a refinery complex in Karlsruhe, Germany.

Gulf Coast
Gasoline		228			298			271			289			272			252						252
Distillates		275			305			290			315			296			247						247
Other		179			155			175			190			175			147						147
Total		682			758			736			794			743			646						646

Central Corridor*
Gasoline		250			231			248			222			238			242						242
Distillates		183			168			179			153			171			168						168
Other		63			63			68			55			62			65						65
Total		496			462			495			430			471			475						475
* Includes our proportionate share of the Borger Refinery and Wood River Refinery.

Western/Pacific*
Gasoline		176			162			186			183			177			188						188
Distillates		168			164			176			176			171			177						177
Other		59			86			75			66			71			80						80
Total		403			412			437			425			419			445						445
* Includes our proportionate share of a refinery in Melaka, Malaysia.

Worldwide - Including Proportionate Share of Equity Affiliates
Gasoline		897			942			949			890			920			922						922
Distillates		895			890			913			862			890			856						856
Other		416			416			434			424			422			406						406
Total		2,208			2,248			2,296			2,176			2,232			2,184						2,184




REFINING (continued)

	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
Market Indicators
Crude and Crude Differentials ($/BBL)
WTI		102.99			93.44			92.11			88.09			94.16			94.29						94.29
Brent		118.49			108.19			109.61			110.02			111.58			112.55						112.55
LLS		119.60			108.47			109.40			109.43			111.72			113.92						113.92
ANS		118.31			110.01			109.08			107.04			111.11			111.02						111.02
WTI less Maya		(5.94	)		(5.58	)		(5.38	)		(4.73	)		(5.41	)		(8.54	)					(8.54	)
WTI less WCS		27.00			19.80			15.30			27.55			22.41			27.02						27.02

Natural Gas ($/MCF)
Henry Hub		2.46			2.27			2.87			3.39			2.75			3.48						3.48

Product Margins ($/BBL)
Atlantic Basin/Europe
East Coast Gasoline less Brent		6.18			17.28			19.31			8.43			12.80			9.70						9.70
East Coast Distillate less Brent		15.72			16.87			21.03			23.14			19.19			18.78						18.78
Gulf Coast
Gulf Coast Gasoline less LLS		5.06			11.44			12.35			(1.34	)		6.88			3.41						3.41
Gulf Coast Distillate less LLS		12.99			15.13			19.68			18.03			16.46			15.67						15.67
Central Corridor
Central Gasoline less WTI		18.32			27.23			34.24			21.58			25.34			24.04						24.04
Central Distillate less WTI		27.86			30.38			39.47			42.30			35.00			35.72						35.72
Western/Pacific
West Coast Gasoline less ANS		15.91			17.11			18.56			12.94			16.13			18.34						18.34
West Coast Distillate less ANS		17.66			14.68			22.63			22.80			19.44			20.67						20.67

Worldwide Market Crack Spread ($/BBL)*		12.78			17.85			21.61			14.39			16.66			15.50						15.50
* Weighted average based on Phillips 66 crude capacity.




MARKETING AND SPECIALTIES

	2012												2013
	1st Qtr			2nd Qtr			3rd Qtr		4th Qtr		YTD		1st Qtr		2nd Qtr	3rd Qtr	4th Qtr	YTD

Marketing and Specialties Net Income (Loss) Attributable to Phillips 66 ($ Millions)
Marketing and other		(67	)		201			46		83		263		173					173
Specialties		55			51			52		44		202		15					15
Marketing and Specialties
Net Income Attributable to Phillips 66		(12	)		252			98		127		465		188					188

Marketing and Specialties Income (Loss) before Income Taxes ($ Millions)
Marketing and other		(3	)		261			47		114		419		254					254
Specialties		87			82			81		73		323		25					25
Marketing and Specialties
Income (Loss) before Income Taxes		84			343			128		187		742		279					279

Realized Marketing Fuel Margin ($/BBL)*
U.S.		0.22			1.80			0.41		0.99		0.87		1.02					1.02
International		2.42			6.36			3.91		3.99		4.17		3.16					3.16
* 3rd Party Petroleum Products Sales

Realized Margins not included in Marketing Fuel Margin ($ Millions)**
Marketing and other		178			165			189		157		689		210					210
Specialties		122			122			122		120		486		92					92
Total		300			287			311		277		1,175		302					302
** Excludes Gain on Dispositions and Excise Tax Income

Depreciation and Amortization ($ Millions)
Marketing and other		34			34			33		35		136		30					30
Specialties		5			4			4		4		17		6					6
Total		39			38			37		39		153		36					36

Operating and SG&A Expense ($ Millions)
Marketing and other		236			332			282		276		1,126		194					194
Specialties		28			34			37		39		138		40					40
Total		264			366			319		315		1,264		234					234

Marketing Petroleum Products Sales (MB/D)
U.S. Marketing
Gasoline		933			1,067			998		1,036		1,009		1,016					1,016
Distillates		820			845			813		771		812		763					763
Other		-			-			-		-		-		-					-
Total		1,753			1,912			1,811		1,807		1,821		1,779					1,779

International Marketing
Gasoline		91			94			93		90		92		89					89
Distillates		168			164			175		185		173		193					193
Other		15			18			19		18		17		16					16
Total		274			276			287		293		282		298					298

Worldwide Marketing
Gasoline		1,024			1,161			1,091		1,126		1,101		1,105					1,105
Distillates		988			1,009			988		956		985		956					956
Other		15			18			19		18		17		16					16
Total		2,027			2,188			2,098		2,100		2,103		2,077					2,077

Foreign Currency Gains
(Losses) After-Tax ($ Millions)		1			(7	)		8		5		7		3					3




CORPORATE AND OTHER

	2012															2013
	1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			YTD			1st Qtr			2nd Qtr	3rd Qtr	4th Qtr	YTD
Corporate and Other Net Income (Loss)
Attributable to Phillips 66 ($ Millions)		(70	)		(119	)		(125	)		(120	)		(434	)		(95	)					(95	)

Detail of Net Income (Loss)
Attributable to Phillips 66 ($ Millions)
Net interest expense		(9	)		(45	)		(47	)		(47	)		(148	)		(43	)					(43	)
Corporate overhead		(28	)		(21	)		(30	)		(37	)		(116	)		(34	)					(34	)
Technology		(13	)		(11	)		(11	)		(14	)		(49	)		(12	)					(12	)
Repositioning Costs		-			(30	)		(13	)		(12	)		(55	)		-						-
Other		(20	)		(12	)		(24	)		(10	)		(66	)		(6	)					(6	)
Total		(70	)		(119	)		(125	)		(120	)		(434	)		(95	)					(95	)

Before-Tax Net Interest Expense ($ Millions)
Interest expense		(13	)		(83	)		(74	)		(76	)		(246	)		(70	)					(70	)
Capitalized interest		-			-			-			-			-			-						-
Interest revenue		-			12			2			4			18			5						5
Premium on early debt retirement		-			-			-			(3	)		(3	)		-						-
Total		(13	)		(71	)		(72	)		(75	)		(231	)		(65	)					(65	)

Foreign Currency Gains
(Losses) After-Tax ($ Millions)		-			(1	)		1			-			-			(1	)					(1	)

Phillips 66 Total Company
Debt
Total Debt ($ Millions)		6,178			7,986			7,978			6,974			6,974			6,971						6,971
Debt-to-Capital Ratio (%)		20	%		30	%		28	%		25	%		25	%		25	%					25	%

Total Equity ($ Millions)		24,943			18,979			20,606			20,806			20,806			21,378						21,378