Millions of Dollars, Except as Indicated 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 32,540 30,430 33,323 34,515 34,108 132,376 Equity in earnings of affiliates Net gain (loss) on dispositions 1,087 (93) 1,979 2,984 Other income Total Revenues and Other Income 33,002 31,726 33,522 34,979 36,333 136,560 Costs and Expenses Purchased crude oil and products 29,216 27,660 29,077 30,219 29,137 116,093 Operating expenses 1,881 1,622 1,440 1,492 1,869 6,423 Selling, general and administrative expenses 2,437 Depreciation and amortization 3,251 Impairments 1,060 Taxes other than income taxes Accretion on discounted liabilities Interest and debt expense 1,039 Foreign currency transaction (gains) losses (6) (9) (1) Total Costs and Expenses 32,742 31,078 32,402 34,780 32,880 131,140 Income before income taxes 1,120 3,453 5,420 Income tax expense Net Income 2,927 4,528 Less: net income attributable to noncontrolling interests Net Income Attributable to Phillips 66 2,906 4,403 Net Income Attributable to Phillips 66 Per Share of Common Stock (dollars) Basic Diluted Weighted-Average Common Shares Outstanding (thousands) Basic 402,036 409,182 406,763 404,508 403,122 406,008 Diluted 403,273 410,505 407,929 405,549 405,146 408,053 Effective tax rate (%) ² % % % % % % % Adjusted effective tax rate (%) ² % % % % % % % 1 Refer to Change in Basis of Presentation on page 15.