Financial News

Phillips 66 Contributes $500,000 to American Red Cross for Hurricane Ida Relief Efforts

Phillips 66 (NYSE: PSX) today announced it will contribute $500,000 to the American Red Cross to assist relief efforts after Hurricane Ida swept through southeastern Louisiana.

“We stand with our many employees, friends and neighbors across southeastern Louisiana,” said Phillips 66 Chairman and CEO Greg Garland. “We know it’s going to take the combined efforts of many to get through the coming weeks, and we’re grateful to the Red Cross and others on the ground making sure those affected can start to rebuild their lives and communities.”

The hurricane made landfall on Aug. 29 as a powerful Category 4 storm, knocking out power across the region and bringing devastating floodwaters. Phillips 66 has confirmed that all of its nearly 500 employees who work at its assets in the area are safe.

“Thanks to Phillips 66’s generous support, the Red Cross, alongside our partners, is able to shelter and support thousands of families impacted by Hurricane Ida,” said Don Herring, chief development officer at the American Red Cross. “We are proud to count on partners like Phillips 66 as we work together to provide much-needed comfort and care to help people in need.”

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Phillips 66 had $57 billion of assets as of June 30, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.

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