a50681553ex99

a50681553ex99_2.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	43,240				84,503
Equity in earnings of affiliates		734		815	959		626		3,134		1,039	618				1,657
Net gain (loss) on dispositions		2		188	(1	)	4		193		1	41				42
Other income		1		77	4		53		135		23	49				72
Total Revenues and Other Income		46,520		47,827	43,907		44,668		182,922		42,326	43,948				86,274

Costs and Expenses
Purchased crude oil and products		40,328		40,398	36,189		37,568		154,483		35,264	37,277				72,541
Operating expenses		1,092		984	884		1,072		4,032		978	1,033				2,011
Selling, general and administrative expenses		349		480	432		461		1,722		332	374				706
Depreciation and amortization		216		224	229		244		913		245	231				476
Impairments		43		275	248		592		1,158		24	1				25
Taxes other than income taxes*		3,420		3,475	3,410		3,436		13,741		3,324	3,502				6,826
Accretion on discounted liabilities		5		6	7		7		25		6	6				12
Interest and debt expense		13		83	74		76		246		70	69				139
Foreign currency transaction (gains) losses		(15	)	8	(15	)	(7	)	(29	)	2	(19	)			(17	)
Total Costs and Expenses		45,451		45,933	41,458		43,449		176,291		40,245	42,474				82,719
Income before income taxes		1,069		1,894	2,449		1,219		6,631		2,081	1,474				3,555
Provision for income taxes		431		712	848		509		2,500		671	514				1,185
Net Income		638		1,182	1,601		710		4,131		1,410	960				2,370
Less: net income attributable to
noncontrolling interests		2		1	2		2		7		3	2				5
Net Income Attributable to Phillips 66		636		1,181	1,599		708		4,124		1,407	958				2,365
* Includes excise taxes on petroleum products sales:		3,321		3,389	3,312		3,349		13,371		3,258	3,428				6,686


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	1.55				3.80
Diluted		1.00		1.86	2.51		1.11		6.48		2.23	1.53				3.76

Average Common Shares Outstanding (in thousands)
Basic		627,628		628,510	630,672		628,527		628,835		625,030	619,143				622,086
Diluted		634,645		635,157	637,913		635,634		636,764		631,288	624,907				628,377

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		90				200
Chemicals		217		207		153		246		823		282		181				463
Refining		393		916		1,545		363		3,217		922		481				1,403
Marketing and Specialties		(12	)	252		98		127		465		188		332				520
Corporate and Other		(70	)	(119	)	(125	)	(120	)	(434	)	(95	)	(126	)			(221	)
Consolidated		636		1,181		1,599		708		4,124		1,407		958				2,365

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		142				317
Chemicals		300		307		236		346		1,189		403		232				635
Refining		616		1,546		2,351		771		5,284		1,399		775				2,174
Marketing and Specialties		84		343		128		187		742		279		511				790
Corporate and Other		(105	)	(177	)	(171	)	(220	)	(673	)	(175	)	(186	)			(361	)
Consolidated		1,069		1,894		2,449		1,219		6,631		2,081		1,474				3,555

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	%	35.2	%			35.3	%
Chemicals		27.7	%	32.6	%	35.2	%	28.9	%	30.8	%	30.0	%	22.0	%			27.1	%
Refining		36.2	%	40.8	%	34.3	%	52.9	%	39.1	%	34.1	%	37.9	%			35.5	%
Marketing and Specialties		114.3	%	26.5	%	23.4	%	32.1	%	37.3	%	32.6	%	35.0	%			34.2	%
Corporate and Other		33.3	%	32.8	%	26.9	%	45.5	%	35.5	%	45.7	%	32.3	%			38.8	%
Consolidated		40.3	%	37.6	%	34.6	%	41.8	%	37.7	%	32.2	%	34.9	%			33.3	%

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		90				173
Chemicals		217		242		275		246		980		282		181				463
Refining		454		885		1,545		960		3,844		909		481				1,390
Marketing and Specialties		55		284		98		127		564		202		309				511
Corporate and Other		(70	)	(89	)	(112	)	(92	)	(363	)	(95	)	(126	)			(221	)
Consolidated		764		1,417		1,894		1,312		5,387		1,381		935				2,316

Page 1




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 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 on asset sales		-		2		-		-		2		-		23			23
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	)	23			9

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		23			49

By Business Lines/Regions
Midstream
Transportation		-		(170	)	(160	)	21		(309	)	-		-			-
DCP Midstream		-		-		-		-		-		27		-			27
NGL Operations and Other		-		-		-		-		-		-		-			-
Total Midstream		-		(170	)	(160	)	21		(309	)	27		-			27

Refining
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 and Other		(67	)	(32	)	-		-		(99	)	20		-			20
Specialties		-		-		-		-		-		(34	)	23			(11	)
Total Marketing and Specialties		(67	)	(32	)	-		-		(99	)	(14	)	23			9

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
Transportation		-		(275	)	(248	)	35		(488	)	-		-			-
DCP Midstream		-		-		-		-		-		43		-			43
NGL Operations and Other		-		-		-		-		-		-		-			-
Total 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 and Other		-		(58	)	-		-		(58	)	31		-			31
Specialties		-		-		-		-		-		(54	)	40			(14	)
Total Marketing and Specialties		-		(58	)	-		-		(58	)	(23	)	40			17

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

Total Phillips 66		(73	)	(251	)	(399	)	(626	)	(1,349	)	42		40			82

Page 2




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			960						2,370
Depreciation and amortization		216			224			229			244			913			245			231						476
Impairments		43			275			248			592			1,158			24			1						25
Accretion on discounted liabilities		5			6			7			7			25			6			6						12
Deferred taxes		169			9			(67	)		110			221			81			80						161
Undistributed equity earnings		(349	)		(212	)		(367	)		56			(872	)		77			(98	)					(21	)
Net (gain)/loss on dispositions		(2	)		(188	)		1			(4	)		(193	)		(1	)		(41	)					(42	)
Other		(178	)		164			95			(12	)		69			(34	)		35						1
Net working capital changes		(903	)		(26	)		171			(398	)		(1,156	)		405			(206	)					199
Net Cash Provided by
(Used in) Operating Activities		(361	)		1,434			1,918			1,305			4,296			2,213			968						3,181

Cash Flows From Investing Activities
Capital expenditures and investments		(218	)		(270	)		(339	)		(894	)		(1,721	)		(387	)		(371	)					(758	)
Proceeds from asset dispositions		6			234			19			27			286			9			60						69
Advances/loans—related parties		-			-			(100	)		-			(100	)		-			-						-
Collection of advances/loans—related parties		-			-			-			-			-			55			45						100
Net Cash Used in Investing Activities		(212	)		(36	)		(420	)		(867	)		(1,535	)		(323	)		(266	)					(589	)

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	)		(502	)					(505	)
Issuance of common stock		-			2			21			24			47			(6	)		3						(3	)
Repurchase of common stock		-			-			(111	)		(245	)		(356	)		(382	)		(546	)					(928	)
Dividends paid on common stock		-			-			(125	)		(157	)		(282	)		(194	)		(192	)					(386	)
Change in restricted cash		(6,050	)		6,050			-			-			-			-			-						-
Other		(55	)		(12	)		27			1			(39	)		-			(4	)					(4	)
Net Cash Provided by (Used in)
Financing Activities		573			1,703			(196	)		(1,381	)		699			(585	)		(1,241	)					(1,826	)

Effect of Exchange Rate Changes		-			3			24			(13	)		14			(26	)		6						(20	)

Net Change in Cash
and Cash Equivalents		-			3,104			1,326			(956	)		3,474			1,279			(533	)					746
Cash and cash equivalents
at beginning of period		-			-			3,104			4,430			-			3,474			4,753						3,474
Cash and Cash Equivalents
at End of Period		-			3,104			4,430			3,474			3,474			4,753			4,220						4,220


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			120						230
Chemicals		-			-			-			-			-			-			-						-
Refining		171			176			149			242			738			136			162						298
Marketing and Specialties		14			27			35			63			139			102			47						149
Corporate and Other		-			26			93			21			140			39			42						81
Total Consolidated		218			270			339			894			1,721			387			371						758

Proportional Share of Select Equity Affiliates
Capital Expenditures and Investments*
DCP Midstream (Midstream)**		225			338			410			351			1,324			274			268						542
CPChem (Chemicals)		75			72			93			131			371			107			142						249
WRB Refining (Refining)		13			24			36			63			136			29			30						59
Select Equity Affiliates		313			434			539			545			1,831			410			440						850


Total Capital Program*
Midstream**		258			379			472			919			2,028			384			388						772
Chemicals		75			72			93			131			371			107			142						249
Refining		184			200			185			305			874			165			192						357
Marketing and Specialties		14			27			35			63			139			102			47						149
Corporate and Other		-			26			93			21			140			39			42						81
Total Capital Program		531			704			878			1,439			3,552			797			811						1,608

*	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.

Page 3




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)*
Transportation		29			(146	)		(128	)		35		(210	)		46		50				96
DCP Midstream		60			42			39			38		179			56		30				86
NGL Operations and Other		19			29			17			19		84			8		10				18
Midstream Net Income (Loss) Attributable
to Phillips 66		108			(75	)		(72	)		92		53			110		90				200

Midstream Income (Loss) before Income Taxes
($ Millions)*
Transportation		50			(236	)		(185	)		54		(317	)		75		81				156
DCP Midstream		93			66			62			58		279			87		46				133
NGL Operations and Other		31			45			28			23		127			13		15				28
Midstream Income (Loss) before Income Taxes		174			(125	)		(95	)		135		89			175		142				317

Depreciation and Amortization ($ Millions)*
Transportation		18			21			19			24		82			18		19				37
DCP Midstream		-			-			-			-		-			-		-				-
NGL Operations and Other		-			1			-			-		1			1		-				1
Total		18			22			19			24		83			19		19				38

Operating and SG&A Expense ($ Millions)*
Transportation		100			98			97			110		405			94		104				198
DCP Midstream		(2	)		1			(1	)		-		(2	)		-		-				-
NGL Operations and Other		19			16			9			12		56			14		22				36
Total		117			115			105			122		459			108		126				234
* Prior period amounts have been recast to reflect the realignment of Sand Hills
and Southern Hills pipelines from "Transportation" to "NGL Operations and Other."

Transportation Volumes (MB/D)
Pipelines*		2,834			2,870			3,011			2,875		2,898			3,052		3,191				3,122
Terminals		1,134			1,181			1,221			1,141		1,169			1,041		1,194				1,118
* 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		113				115
* Excludes DCP Midstream.

100% DCP Midstream Results
Net Income, excludes parent company income tax
related to DCP's earnings ($ Millions)		144			132			95			115		486			91		78				169

Depreciation and Amortization ($ Millions)		120			37			68			66		291			69		76				145

Operating and SG&A Expense ($ Millions)		226			236			258			244		964			228		236				464

Net Interest Expense ($ Millions)*		56			47			43			47		193			50		52				102
* Net of interest income

Capex and Investments ($ Millions)		450			676			820			701		2,647			547		537				1,084

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			4.8		**				4.8
Gross Margin ($ Millions)		225			170			180			210		785			185		**				185

Keep-whole (long NGL / short Gas)*
Volume (TBtu/d)		0.8			0.8			0.8			0.6		0.8			0.6		**				0.6
Gross Margin ($ Millions)		105			80			60			50		295			45		**				45

Fee-based Gas (primarily gathering and transport)*
Volume (TBtu/d)		4.7			4.7			4.7			4.6		4.7			4.5		**				4.5
Gross Margin ($ Millions)		60			62			60			70		252			65		**				65

Fee-based NGL Transport and Fractionation
Volume (MB/D)		214			163			175			192		186			202		**				202
Gross Margin ($ Millions)		19			15			15			19		68			19		**				19

Other Gross Margin***
Gross Margin ($ Millions)		152			178			140			163		633			153		**				153

Total Throughput (TBtu/d)		7.2			7.0			7.2			6.9		7.1			6.9		7.1				7.0
NGL Production (MB/D)		412			392			398			405		402			396		412				404
* 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 ($/BBL)		42.10			32.48			30.21			32.18		34.24			31.09		29.77				30.43
DCP Midstream ($/gal)		1.00			0.77			0.72			0.77		0.82			0.74		0.71				0.72

* Based on index prices from the Mont Belvieu and Conway market hubs that are weighted by NGL component and location mix.

Page 4




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			181					463

100% CPChem Results
Net Income, excludes parent company income tax
related to CPChem's earnings ($ Millions)
Olefins and Polyolefins		559			681			693			665			2,598			726			411					1,137
Specialties, Aromatics and Styrenics		59			75			(10	)		80			204			56			73					129
Corporate and Other		(10	)		(134	)		(210	)		(45	)		(399	)		29			(14	)				15
Total		608			622			473			700			2,403			811			470					1,281

Income (Loss) before Income Taxes ($ Millions)*
Olefins and Polyolefins		567			692			700			675			2,634			736			421					1,157
Specialties, Aromatics and Styrenics		66			86			28			89			269			60			83					143
Corporate and Other		(9	)		(133	)		(210	)		(45	)		(397	)		30			(14	)				16
Total		624			645			518			719			2,506			826			490					1,316
* Amounts have been recast to exclude CPChem discontinued operations.

Depreciation and Amortization ($ Millions)		64			64			155			73			356			64			66					130

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			284					498
Advances to Equity Companies		35			70			44			66			215			45			19					64
Advance Repayments from Equity Companies		(103	)		(63	)		(54	)		(83	)		(303	)		(43	)		(12	)				(55	)

Externally Marketed Sales Volumes (MM Lbs)
Olefins and Polyolefins		3,640			3,510			3,811			4,006			14,967			4,036			3,862					7,898
Specialties, Aromatics and Styrenics		1,793			1,811			1,545			1,570			6,719			1,496			1,485					2,981
Total		5,433			5,321			5,356			5,576			21,686			5,532			5,347					10,879

Olefins and Polyolefins Capacity Utilization (%)		94	%		92	%		97	%		90	%		93	%		91	%		78	%				84	%

Market Indicators
Industry Prices*
Ethylene, Net Transaction Price (cents/lb)		55.17			46.83			45.42			45.67			48.27			48.00			46.33					47.17
HDPE Blow Molding (cents/lb)		92.00			88.00			84.33			84.67			87.25			91.67			93.67					92.67

Industry Costs*
Ethylene, Cash Cost Weighted Average Feed (cents/lb)		28.25			18.47			19.72			18.62			21.22			13.80			15.66					14.73
HDPE, Total Cash Cost (cents/lb)		72.74			64.81			62.04			63.22			65.71			69.26			65.55					67.40

* Released by IHS. Reflect the IHS analysis of historical market indicators.

Page 5




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			29					127
Gulf Coast		(45	)		183			266			175			579			44			(65	)				(21	)
Central Corridor		405			574			773			511			2,263			589			396					985
Western/Pacific		(1	)		(34	)		136			(486	)		(385	)		62			33					95
Other Refining		44			56			49			46			195			129			88					217
Refining Net Income Attributable
to Phillips 66		393			916			1,545			363			3,217			922			481					1,403

Refining Income (Loss) before Income Taxes ($ Millions)
Atlantic Basin/Europe		7			312			451			124			894			141			48					189
Gulf Coast		(70	)		283			408			250			871			57			(82	)				(25	)
Central Corridor		602			891			1,194			783			3,470			925			627					1,552
Western/Pacific		18			(21	)		212			(444	)		(235	)		94			60					154
Other Refining		59			81			86			58			284			182			122					304
Refining Income before Income Taxes		616			1,546			2,351			771			5,284			1,399			775					2,174

Realized Refining Margins ($/BBL)*
Atlantic Basin/Europe		6.43			7.98			12.88			9.85			9.28			8.61			6.83					7.73
Gulf Coast		5.95			9.36			11.42			9.08			9.02			8.54			4.45					6.34
Central Corridor		19.22			26.72			31.82			27.85			26.37			27.29			19.45					23.29
Western/Pacific		10.70			7.91			13.30			12.01			11.04			9.64			8.80					9.21
Worldwide		10.39			12.85			16.97			13.99			13.59			13.94			9.88					11.85
* 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			43					85
Gulf Coast		49			51			50			51			201			52			54					106
Central Corridor		21			21			21			22			85			27			22					49
Western/Pacific		49			48			52			49			198			53			50					103
Other Refining		1			1			1			3			6			3			(1	)				2
Total		159			161			165			170			655			177			168					345
* Excludes D&A of all equity affiliates

Operating and SG&A Expense ($ Millions)*
Atlantic Basin/Europe		237			225			203			285			950			257			272					529
Gulf Coast		332			271			286			322			1,211			327			295					622
Central Corridor		113			135			97			103			448			98			97					195
Western/Pacific		257			230			198			228			913			185			200					385
Other Refining		40			5			17			27			89			23			35					58
Total		979			866			801			965			3,611			890			899					1,789
* 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			35					47
Gulf Coast		65			14			12			35			126			64			12					76
Central Corridor		21			43			3			2			69			6			4					10
Western/Pacific		76			52			18			34			180			4			11					15
Total		176			114			34			84			408			86			62					148
* 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			15					33
Gulf Coast		22			17			17			16			72			22			19					41
Central Corridor		10			8			7			8			33			9			9					18
Western/Pacific		27			27			28			26			108			27			26					53
Other Refining		2			1			2			1			6			(3	)		(4	)				(7	)
Total		79			67			74			65			285			73			65					138

Foreign Currency Gains
(Losses) After-Tax ($ Millions)		15			(3	)		3			2			17			16			9					25

Refining - Equity Affiliate Information
Equity in earnings of affiliates		313			410			628			191			1,542			517			300					817
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	)		(466	)				(1,185	)
Equity-affiliate-related expenses
not included in Realized Refining Margins		(204	)		(154	)		(184	)		(249	)		(791	)		(202	)		(166	)				(368	)
Regional Totals
Gulf Coast		(30	)		(14	)		(5	)		(17	)		(66	)		(36	)		(12	)				(48	)
Central Corridor		(108	)		(101	)		(117	)		(177	)		(503	)		(120	)		(111	)				(231	)
Other Regions**		(66	)		(39	)		(62	)		(55	)		(222	)		(46	)		(43	)				(89	)
Total		(204	)		(154	)		(184	)		(249	)		(791	)		(202	)		(166	)				(368	)

*	Other costs associated with equity affiliates which do not flow through equity earnings.
**	Combined equity affiliates reported in Atlantic Basin/Europe and Western/Pacific.

Page 6




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			555					563
Total Charge Input (MB/D)		621			612			625			523			595			614			597					605
Crude Oil Capacity Utilization (%)		98	%		95	%		100	%		84	%		94	%		97	%		94	%				96	%
Clean Product Yield (%)		85	%		85	%		84	%		82	%		84	%		85	%		84	%				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			664					625
Total Charge Input (MB/D)		672			749			730			785			734			643			741					692
Crude Oil Capacity Utilization (%)		82	%		91	%		88	%		97	%		90	%		80	%		91	%				85	%
Clean Product Yield (%)		80	%		84	%		80	%		81	%		81	%		81	%		83	%				82	%

Central Corridor*
Crude Oil Charge Input (MB/D)		479			446			478			413			454			457			474					465
Total Charge Input (MB/D)		494			459			494			428			469			473			488					481
Crude Oil Capacity Utilization (%)		102	%		95	%		102	%		88	%		97	%		96	%		100	%				98	%
Clean Product Yield (%)		88	%		87	%		87	%		88	%		88	%		87	%		86	%				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			417					409
Total Charge Input (MB/D)		401			409			439			423			418			441			448					445
Crude Oil Capacity Utilization (%)		85	%		89	%		97	%		91	%		91	%		91	%		95	%				93	%
Clean Product Yield (%)		86	%		80	%		83	%		85	%		83	%		83	%		86	%				85	%
* 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			2,110					2,062
Total Charge Input (MB/D)		2,188			2,229			2,288			2,159			2,216			2,171			2,274					2,223
Crude Oil Capacity Utilization (%)		91	%		93	%		96	%		91	%		93	%		90	%		94	%				92	%
Clean Product Yield (%)		84	%		84	%		83	%		83	%		84	%		84	%		85	%				84	%

Refined Products Production (MB/D)
Atlantic Basin/Europe*
Gasoline		243			251			244			196			233			240			239					239
Distillates		269			253			268			218			252			264			249					256
Other		115			112			116			113			114			114			110					113
Total		627			616			628			527			599			618			598					608
* Includes our proportionate share of a refinery complex in Karlsruhe, Germany.

Gulf Coast
Gasoline		228			298			271			289			272			252			292					273
Distillates		275			305			290			315			296			247			292					269
Other		179			155			175			190			175			147			164					156
Total		682			758			736			794			743			646			748					698

Central Corridor*
Gasoline		250			231			248			222			238			242			242					242
Distillates		183			168			179			153			171			168			175					172
Other		63			63			68			55			62			65			71					67
Total		496			462			495			430			471			475			488					481
* Includes our proportionate share of the Borger Refinery and Wood River Refinery.

Western/Pacific*
Gasoline		176			162			186			183			177			188			198					193
Distillates		168			164			176			176			171			177			189					183
Other		59			86			75			66			71			80			65					72
Total		403			412			437			425			419			445			452					448
* Includes our proportionate share of a refinery in Melaka, Malaysia.

Worldwide - Including Proportionate Share of Equity Affiliates
Gasoline		897			942			949			890			920			922			971					947
Distillates		895			890			913			862			890			856			905					880
Other		416			416			434			424			422			406			410					408
Total		2,208			2,248			2,296			2,176			2,232			2,184			2,286					2,235

Page 7




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			94.12					94.21
Brent		118.49			108.19			109.61			110.02			111.58			112.55			102.44					107.50
LLS		119.60			108.47			109.40			109.43			111.72			113.92			104.63					109.28
ANS		118.31			110.01			109.08			107.04			111.11			111.02			104.52					107.77
WTI less Maya		(5.94	)		(5.58	)		(5.38	)		(4.73	)		(5.41	)		(8.54	)		(3.55	)				(6.04	)
WTI less WCS		27.00			19.80			15.30			27.55			22.41			27.02			16.71					21.86

Natural Gas ($/MCF)
Henry Hub		2.46			2.27			2.87			3.39			2.75			3.48			4.01					3.75

Product Margins ($/BBL)
Atlantic Basin/Europe
East Coast Gasoline less Brent		6.18			17.28			19.31			8.43			12.80			9.70			14.83					12.26
East Coast Distillate less Brent		15.72			16.87			21.03			23.14			19.19			18.78			19.09					18.94
Gulf Coast
Gulf Coast Gasoline less LLS		5.06			11.44			12.35			(1.34	)		6.88			3.41			9.14					6.27
Gulf Coast Distillate less LLS		12.99			15.13			19.68			18.03			16.46			15.67			15.52					15.60
Central Corridor
Central Gasoline less WTI		18.32			27.23			34.24			21.58			25.34			24.04			26.18					25.11
Central Distillate less WTI		27.86			30.38			39.47			42.30			35.00			35.72			29.35					32.54
Western/Pacific
West Coast Gasoline less ANS		15.91			17.11			18.56			12.94			16.13			18.34			20.59					19.47
West Coast Distillate less ANS		17.66			14.68			22.63			22.80			19.44			20.67			16.84					18.76

Worldwide Market Crack Spread ($/BBL)*		12.78			17.85			21.61			14.39			16.66			15.50			17.56					16.53
* Weighted average based on Phillips 66 crude capacity.

Page 8




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		255				428
Specialties		55			51			52		44		202		15		77				92
Marketing and Specialties
Net Income (Loss) Attributable to Phillips 66		(12	)		252			98		127		465		188		332				520

Marketing and Specialties Income (Loss) before
Income Taxes ($ Millions)
Marketing and Other		(3	)		261			47		114		419		254		385				639
Specialties		87			82			81		73		323		25		126				151
Marketing and Specialties
Income before Income Taxes		84			343			128		187		742		279		511				790

Realized Marketing Fuel Margin ($/BBL)*
U.S.		0.22			1.80			0.41		0.99		0.87		1.02		1.77				1.42
International		2.42			6.36			3.91		3.99		4.17		3.16		4.93				4.06
* On third-party petroleum products sales

Realized Margins not included in Marketing Fuel Margin
($ Millions)**
Marketing and Other		178			165			189		157		689		210		184				394
Specialties		122			122			122		120		486		92		129				221
Total		300			287			311		277		1,175		302		313				615
** Excludes Gain on Dispositions and Excise Tax Income

Depreciation and Amortization ($ Millions)
Marketing and Other		34			34			33		35		136		30		23				53
Specialties		5			4			4		4		17		6		4				10
Total		39			38			37		39		153		36		27				63

Operating and SG&A Expense ($ Millions)
Marketing and Other		236			332			282		276		1,126		194		236				430
Specialties		28			34			37		39		138		40		37				77
Total		264			366			319		315		1,264		234		273				507

Marketing Petroleum Products Sales (MB/D)
U.S. Marketing
Gasoline		933			1,067			998		1,036		1,009		1,016		1,138				1,077
Distillates		820			845			813		771		812		763		817				790
Other		-			-			-		-		-		-		-				-
Total		1,753			1,912			1,811		1,807		1,821		1,779		1,955				1,867

International Marketing
Gasoline		91			94			93		90		92		89		95				92
Distillates		168			164			175		185		173		193		190				192
Other		15			18			19		18		17		16		18				17
Total		274			276			287		293		282		298		303				301

Worldwide Marketing
Gasoline		1,024			1,161			1,091		1,126		1,101		1,105		1,233				1,169
Distillates		988			1,009			988		956		985		956		1,007				982
Other		15			18			19		18		17		16		18				17
Total		2,027			2,188			2,098		2,100		2,103		2,077		2,258				2,168

Foreign Currency Gains
(Losses) After-Tax ($ Millions)		1			(7	)		8		5		7		3		1				4

Page 9




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	)		(126	)				(221	)

Detail of Net Income (Loss)
Attributable to Phillips 66 ($ Millions)
Net interest expense		(9	)		(45	)		(47	)		(47	)		(148	)		(43	)		(42	)				(85	)
Corporate overhead		(28	)		(21	)		(30	)		(37	)		(116	)		(34	)		(36	)				(70	)
Technology		(13	)		(11	)		(11	)		(14	)		(49	)		(12	)		(12	)				(24	)
Repositioning costs		-			(30	)		(13	)		(12	)		(55	)		-			-					-
Other		(20	)		(12	)		(24	)		(10	)		(66	)		(6	)		(36	)				(42	)
Total		(70	)		(119	)		(125	)		(120	)		(434	)		(95	)		(126	)				(221	)

Before-Tax Net Interest Expense ($ Millions)
Interest expense		(13	)		(83	)		(74	)		(76	)		(246	)		(70	)		(69	)				(139	)
Capitalized interest		-			-			-			-			-			-			-					-
Interest revenue		-			12			2			4			18			5			4					9
Premium on early debt retirement		-			-			-			(3	)		(3	)		-			(1	)				(1	)
Total		(13	)		(71	)		(72	)		(75	)		(231	)		(65	)		(66	)				(131	)

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			6,469					6,469
Debt-to-Capital Ratio (%)		20	%		30	%		28	%		25	%		25	%		25	%		23	%				23	%

Total Equity ($ Millions)		24,943			18,979			20,606			20,806			20,806			21,378			21,690					21,690

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