2 unchanged sentences
In March 2020, we announced that we had temporarily suspended our share repurchases.
−Removed: As of March 31, 2022, we had $2,514 million remaining on our existing share repurchase authorization, which has no expiration date.
−Removed: In April 2022, we announced plans to resume our share repurchase program in the second quarter of 2022.
+Added: We resumed our share repurchase program in the second quarter of 2022.
Any future share repurchases will be made at the discretion of management and will depend on various factors including our share price, results of operations, financial condition and cash required for future business plans.
−Removed: Number Exhibit Description
+Added: Millions of Dollars
+Added: Period Total Number of Shares Purchased* Average Price Paid per Share Total Number of
+Added: Shares Purchased
+Added: as Part of Publicly
+Added: Announced Plans
+Added: or Programs** Approximate Dollar
+Added: Value of Shares
+Added: that May Yet Be
+Added: Purchased Under the
+Added: Plans or Programs
+Added: April 1-30, 2022 — $ — — $ 2,514
+Added: May 1-31, 2022 335,487 93.56 335,487 2,483
+Added: June 1-30, 2022 364,658 93.94 364,658 2,449
+Added: Total 700,145 $ 93.76 700,145
+Added: * Includes repurchase of shares of common stock from company employees in connection with the company’s broad-based employee incentive plans, when applicable.
+Added: ** Since July 2012, our Board of Directors has authorized an aggregate of $15 billion of repurchases of our outstanding common stock.
+Added: The current $3 billion authorization announced on October 4, 2019, does not have an expiration date.
+Added: The share repurchases are expected to be funded primarily through available cash.
+Added: We are not obligated to repurchase any shares of common stock pursuant to these authorizations and may commence, suspend or terminate repurchases at any time.
+Added: Shares of stock repurchased are held as treasury shares.
+Added: Incorporated by Reference
+Added: Number Exhibit Description Form Exhibit Number Filing Date SEC File No.
+Added: Indenture, dated as of May 5, 2022, among Phillips 66 Company, as issuer, Phillips 66, as guarantor, and U.S.
+Added: Bank Trust Company, National Association, as trustee, in respect of senior debt securities of Phillips 66 Company .
+Added: 8-K 4.1 05/05/2022 001-35349
+Added: Form of the terms of the 2024 Notes, including the form of the 2024 Note .
+Added: 8-K 4.2 05/05/2022 001-35349
+Added: Form of the terms of the 2025 Notes, including the form of the 2025 Not e.
+Added: 8-K 4.3 05/05/2022 001-35349
+Added: Form of the terms of the 2026 Notes, including the form of the 2026 Note .
+Added: 8-K 4.4 05/05/2022 001-35349
+Added: Form of the terms of the 2028 Notes, including the form of the 2028 Note .
+Added: 8-K 4.5 05/05/2022 001-35349
+Added: Form of the terms of the 2029 Notes, including the form of the 2029 Note .
+Added: 8-K 4.6 05/05/2022 001-35349
+Added: Form of the terms of the 2045 Notes, including the form of the 2045 Note .
+Added: 8-K 4.7 05/05/2022 001-35349
+Added: Form of the terms of the 2046 Notes, including the form of the 2046 Note .
+Added: 8-K 4.8 05/05/2022 001-35349
+Added: Registration Rights Agreement, dated as of May 5, 2022, among Phillips 66 Company, as issuer, Phillips 66, as guarantor, and Barclays Capital Inc., J.P.
+Added: Morgan Securities LLC and RBC Capital Markets, LLC, as dealer managers .
+Added: 8-K 4.9 05/05/2022 001-35349
+Added: Credit Agreement dated as of June 23, 2022, among Phillips 66 Company, Phillips 66, as guarantor, the lenders party thereto, and Mizuho Bank, Ltd., as administrative agent .
+Added: 8-K 10.1 06/24/2022 001-35349
+Added: 2022 Omnibus Stock and Performance Incentive Plan of Phillips 66.
+Added: A 03/31/2022 001-35349
List of Guarantor Subsidiaries .
3 unchanged sentences
Section 1350 .
+Added: Incorporated by Reference
+Added: Number Exhibit Description Form Exhibit Number Filing Date SEC File No.
101.INS* Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
6 unchanged sentences
* Filed herewith.
+Added: ** Management contracts and compensatory plans or arrangements.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
1 unchanged sentence
(Chief Accounting and Duly Authorized Officer)
−Removed: April 29, 2022
+Added: July 29, 2022
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.