8-KRegulation FD

Phillips 66 8-K Report, Regulation FD Disclosure (Oct 7, 2021)

Filed October 7, 2021For Securities:PSX

Summary

Phillips 66 (PSX) filed an 8-K on October 7, 2021, to disclose the publication of a Lobbying Activities Report. This report addresses a shareholder proposal that received majority support at the company's 2021 Annual Meeting, requesting information on climate lobbying activities. The company is making this report available to interested parties, including investors, via its website. This filing underscores Phillips 66's commitment to transparency and responsiveness to shareholder concerns, particularly regarding environmental, social, and governance (ESG) matters. The company highlights that this report follows the recent publication of its greenhouse gas (GHG) emissions reduction targets and related achievement plans, further demonstrating its proactive approach to climate change and stakeholder engagement.

Key Highlights

  • 1Phillips 66 has published a Lobbying Activities Report in response to a majority-supported shareholder proposal from its 2021 Annual Meeting.
  • 2The report addresses the company's climate lobbying activities.
  • 3The information is being disclosed via email communication to interested parties, including investors.
  • 4The report is available on the 'Awareness & Education' section of the Phillips 66 sustainability website.
  • 5This disclosure aligns with the company's stated commitment to transparency and responsiveness to shareholders on ESG issues.
  • 6The publication of the lobbying report follows recent disclosures on GHG emissions reduction targets and achievement plans.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce that Phillips 66 has published a Lobbying Activities Report, fulfilling a request from a shareholder proposal approved at the company's 2021 Annual Meeting.

Investors can find the Lobbying Activities Report on the Phillips 66 website, specifically in the 'Awareness & Education' section under www.phillips66.com/sustainability/supplemental.

The report is a direct response to a shareholder proposal that received majority support, requesting that the company provide a report on its climate lobbying activities. This is part of Phillips 66's ongoing efforts to be transparent regarding its approach to climate change and stakeholder concerns.

Yes, the company mentions in the filing that it recently published meaningful and achievable GHG emissions reduction targets, along with plans on how to achieve them. This information is available on their website at www.phillips66.com/newsroom/emissions-reduction-targets.