Phillips 66 Announces Increase in Quarterly Dividend
Key Highlights
- ➤Quarterly dividend raised $0.06 to $1.33 per share
- ➤Dividend payable Dec. 1, 2026, to shareholders of record Nov. 17
- ➤2026 annualized dividend increase reaches 10.8% versus fourth quarter 2025
- ➤Phillips 66 has raised its annual dividend every year since 2012
Expert Statements
Mark Lashier, Chairman and CEO of Phillips 66
“We are pleased to increase the quarterly dividend, reflecting the continued strength and resilience of the business and our commitment to deliver long-term returns to shareholders.”
Mark Lashier, Chairman and CEO of Phillips 66
“This marks the second dividend increase in 2026 and brings the annualized dividend increase to 10.8% compared with the fourth quarter of 2025. The dividend increase underscores our confidence in the durability of the business model and the company’s ability to generate sustainable cash flow.”
Mark Lashier, Chairman and CEO of Phillips 66
“Since the company’s formation in 2012, we have increased the annual dividend every year, resulting in a significant 14% compound annual growth rate.”
Mark Lashier, Chairman and CEO of Phillips 66
“With our disciplined approach to capital allocation, we are returning capital to shareholders, investing in long-term growth and maintaining a strong financial position as we execute our strategy and create long-term value.”
The board of directors of Phillips 66 (NYSE: PSX) has declared a quarterly dividend of $1.33 per share on Phillips 66 common stock, representing a $0.06 increase. The dividend is payable on Dec. 1, 2026, to shareholders of record as of the close of business on Nov. 17, 2026.
“We are pleased to increase the quarterly dividend, reflecting the continued strength and resilience of the business and our commitment to deliver long-term returns to shareholders,” said Mark Lashier, chairman and CEO of Phillips 66. “This marks the second dividend increase in 2026 and brings the annualized dividend increase to 10.8% compared with the fourth quarter of 2025. The dividend increase underscores our confidence in the durability of the business model and the company’s ability to generate sustainable cash flow.”
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