Q2 2026 Earnings

Gulf Coast Crude Oil Capacity

541

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

West Coast Crude Oil Capacity

105

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Worldwide Crude Oil Capacity

2.0K

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Operating Refinery Count

10

The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline and distillates, including aviation fuels, at 10 refineries in the United States and Europe.

Atlantic Basin/Europe Realized Refining Margin per Barrel

$14.44

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

Central Corridor Realized Refining Margin per Barrel

$29.56

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

Gulf Coast Realized Refining Margin per Barrel

$24.25

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

International Realized Marketing Fuel Margin per Barrel

$4.63

Dollars Per Barrel Income Before Income Taxes U.S. | | $ | | 1.13 | | | | 2.32 | | | | 0.05 | | | 1.55 International | | 11.92 | | | | 1.96 | | | | 4.02 | | | 20.74 Realized Marketing Fuel Margins* U.S. | | $ | | 1.82 | | | | 2.83 | | | | 0.73 | | | 2.14 International | | 4.63 | | | | 7.11 | | | | 0.39 | | | 6.00 * See the “Non-GAAP Reconciliations” section for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure, income before income taxes per barrel. Dollars Per Gallon U.S. Average Wholesale Prices* Gasoline | | $ | | 3.48 | | | | 2.56 | | | | 3.00 | | | 2.53 Distillates | | 4.05 | | | | 2.60 | | | | 3.50 | | | 2.58 * On third-party branded petroleum product sales. Thousands of Barrels Daily Marketing Refined Product Sales Gasoline | | 1,277 | | | | 1,301 | | | | 1,247 | | | 1,248 Distillates | | 992 | | | | 971 | | | | 954 | | | 938 Other | | 60 | | | | 70 | | | | 54 | | | 55 2,329 | | | | 2,342 | | | | 2,255 | | | 2,241

U.S. Realized Marketing Fuel Margin per Barrel

$1.82

Dollars Per Barrel Income Before Income Taxes U.S. | | $ | | 1.13 | | | | 2.32 | | | | 0.05 | | | 1.55 International | | 11.92 | | | | 1.96 | | | | 4.02 | | | 20.74 Realized Marketing Fuel Margins* U.S. | | $ | | 1.82 | | | | 2.83 | | | | 0.73 | | | 2.14 International | | 4.63 | | | | 7.11 | | | | 0.39 | | | 6.00 * See the “Non-GAAP Reconciliations” section for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure, income before income taxes per barrel. Dollars Per Gallon U.S. Average Wholesale Prices* Gasoline | | $ | | 3.48 | | | | 2.56 | | | | 3.00 | | | 2.53 Distillates | | 4.05 | | | | 2.60 | | | | 3.50 | | | 2.58 * On third-party branded petroleum product sales. Thousands of Barrels Daily Marketing Refined Product Sales Gasoline | | 1,277 | | | | 1,301 | | | | 1,247 | | | 1,248 Distillates | | 992 | | | | 971 | | | | 954 | | | 938 Other | | 60 | | | | 70 | | | | 54 | | | 55 2,329 | | | | 2,342 | | | | 2,255 | | | 2,241

West Coast Realized Refining Margin per Barrel

$29.65

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

Worldwide Realized Refining Margin per Barrel

$24.08

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

Atlantic Basin/Europe Refinery Production

539

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Central Corridor Refinery Production

832

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Gulf Coast Refinery Production

596

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

NGL Production

465

Thousands of Barrels Daily Transportation Volumes Pipelines* | | 3,142 | | | | 3,093 | | | | 3,038 | | | 2,994 Terminals | | 3,433 | | | | 3,074 | | | | 3,307 | | | 3,007 Operating Statistics Wellhead Volume (billion cubic feet per day)** | | 4.5 | | | | 4.2 | | | | 4.4 | | | 4.2 NGL production** | | 465 | | | | 456 | | | | 455 | | | 447 Pipeline Throughput–Y-Grade to Market***† | | 943 | | | | 956 | | | | 937 | | | 831 NGL fractionated† | | 1,020 | | | | 883 | | | | 1,000 | | | 816 * Pipelines represent the sum of volumes transported through each separately tariffed consolidated pipeline segment, excluding NGL’s pipelines. ** Includes 100% of DCP Midstream Class A Segment. *** Represents volumes delivered to fractionation market hubs, including Mont Belvieu, Sweeny and Conway. Includes 100% of DCP Midstream Class A Segment and Phillips 66’s direct interest in DCP Sand Hills and DCP Southern Hills. † Includes volumes from the Coastal Bend acquisition, effective April 1, 2025. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information.

Total Renewable Fuels Produced

53

Thousands of Barrels Daily Operating Statistics Total Renewable Fuels Produced | | 53 | | | | 40 | | | | 47 | | | 42 Total Renewable Fuel Sales | | 65 | | | | 71 | | | | 59 | | | 67

West Coast Refinery Production

93

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Worldwide Refinery Production

2.1K

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

U.S. Average Wholesale Distillate Price

$4.05

Dollars Per Barrel Income Before Income Taxes U.S. | | $ | | 1.13 | | | | 2.32 | | | | 0.05 | | | 1.55 International | | 11.92 | | | | 1.96 | | | | 4.02 | | | 20.74 Realized Marketing Fuel Margins* U.S. | | $ | | 1.82 | | | | 2.83 | | | | 0.73 | | | 2.14 International | | 4.63 | | | | 7.11 | | | | 0.39 | | | 6.00 * See the “Non-GAAP Reconciliations” section for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure, income before income taxes per barrel. Dollars Per Gallon U.S. Average Wholesale Prices* Gasoline | | $ | | 3.48 | | | | 2.56 | | | | 3.00 | | | 2.53 Distillates | | 4.05 | | | | 2.60 | | | | 3.50 | | | 2.58 * On third-party branded petroleum product sales. Thousands of Barrels Daily Marketing Refined Product Sales Gasoline | | 1,277 | | | | 1,301 | | | | 1,247 | | | 1,248 Distillates | | 992 | | | | 971 | | | | 954 | | | 938 Other | | 60 | | | | 70 | | | | 54 | | | 55 2,329 | | | | 2,342 | | | | 2,255 | | | 2,241

U.S. Average Wholesale Gasoline Price

$3.48

Dollars Per Barrel Income Before Income Taxes U.S. | | $ | | 1.13 | | | | 2.32 | | | | 0.05 | | | 1.55 International | | 11.92 | | | | 1.96 | | | | 4.02 | | | 20.74 Realized Marketing Fuel Margins* U.S. | | $ | | 1.82 | | | | 2.83 | | | | 0.73 | | | 2.14 International | | 4.63 | | | | 7.11 | | | | 0.39 | | | 6.00 * See the “Non-GAAP Reconciliations” section for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure, income before income taxes per barrel. Dollars Per Gallon U.S. Average Wholesale Prices* Gasoline | | $ | | 3.48 | | | | 2.56 | | | | 3.00 | | | 2.53 Distillates | | 4.05 | | | | 2.60 | | | | 3.50 | | | 2.58 * On third-party branded petroleum product sales. Thousands of Barrels Daily Marketing Refined Product Sales Gasoline | | 1,277 | | | | 1,301 | | | | 1,247 | | | 1,248 Distillates | | 992 | | | | 971 | | | | 954 | | | 938 Other | | 60 | | | | 70 | | | | 54 | | | 55 2,329 | | | | 2,342 | | | | 2,255 | | | 2,241

CPChem Externally Marketed Sales Volume

5.0K

Millions of Pounds CPChem Externally Marketed Sales Volumes* | | 5,006 | | | | 6,128 | | | | 10,714 | | | 12,259 * Represents 100% of CPChem’s outside sales of produced petrochemical products, as well as commission sales from equity affiliates. Global Olefins and Polyolefins Capacity Utilization (percent) | | 91 | | % | | | 92 | | | | 92 | | | 96

International Total Fuel Sales Volume

19.5K

Millions of Dollars, Except as Indicated Three Months Ended June 30, 2026 | | | Three Months Ended June 30, 2025 U.S. | | International | | | U.S. | | International Realized Marketing Fuel Margins Income before income taxes | | $ | | 217 | | | 232 | | | | 429 | | | 56 Plus: Depreciation and amortization | | 14 | | | 1 | | | | 12 | | | 13 Selling, general and administrative expenses | | 271 | | | 8 | | | | 202 | | | 72 Equity in earnings of affiliates | | (17) | | | (40) | | | | (11) | | | (1) Other operating revenues* | | (145) | | | (1) | | | | (121) | | | (8) Other expense, net | | 10 | | | — | | | | 12 | | | — Special items: Net (gain) loss on asset dispositions | | — | | | (110) | | | | — | | | 89 Marketing margins | | 350 | | | 90 | | | | 523 | | | 221 Less: margin for nonfuel related sales | | — | | | — | | | | — | | | 18 Realized marketing fuel margins | | $ | | 350 | | | 90 | | | | 523 | | | 203 Total fuel sales volumes ( thousands of barrels ) 192,410 | | | 19,466 | | | | 184,591 | | | 28,560 Income before income taxes per barrel ( dollars per barrel ) $ | | 1.13 | | | 11.92 | | | | 2.32 | | 1.96 Realized marketing fuel margins ( dollars per barrel )** 1.82 | | | 4.63 | | | | 2.83 | | 7.11

Marketing Distillate Sales Volume

992

Dollars Per Barrel Income Before Income Taxes U.S. | | $ | | 1.13 | | | | 2.32 | | | | 0.05 | | | 1.55 International | | 11.92 | | | | 1.96 | | | | 4.02 | | | 20.74 Realized Marketing Fuel Margins* U.S. | | $ | | 1.82 | | | | 2.83 | | | | 0.73 | | | 2.14 International | | 4.63 | | | | 7.11 | | | | 0.39 | | | 6.00 * See the “Non-GAAP Reconciliations” section for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure, income before income taxes per barrel. Dollars Per Gallon U.S. Average Wholesale Prices* Gasoline | | $ | | 3.48 | | | | 2.56 | | | | 3.00 | | | 2.53 Distillates | | 4.05 | | | | 2.60 | | | | 3.50 | | | 2.58 * On third-party branded petroleum product sales. Thousands of Barrels Daily Marketing Refined Product Sales Gasoline | | 1,277 | | | | 1,301 | | | | 1,247 | | | 1,248 Distillates | | 992 | | | | 971 | | | | 954 | | | 938 Other | | 60 | | | | 70 | | | | 54 | | | 55 2,329 | | | | 2,342 | | | | 2,255 | | | 2,241

Marketing Gasoline Sales Volume

1.3K

Dollars Per Barrel Income Before Income Taxes U.S. | | $ | | 1.13 | | | | 2.32 | | | | 0.05 | | | 1.55 International | | 11.92 | | | | 1.96 | | | | 4.02 | | | 20.74 Realized Marketing Fuel Margins* U.S. | | $ | | 1.82 | | | | 2.83 | | | | 0.73 | | | 2.14 International | | 4.63 | | | | 7.11 | | | | 0.39 | | | 6.00 * See the “Non-GAAP Reconciliations” section for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure, income before income taxes per barrel. Dollars Per Gallon U.S. Average Wholesale Prices* Gasoline | | $ | | 3.48 | | | | 2.56 | | | | 3.00 | | | 2.53 Distillates | | 4.05 | | | | 2.60 | | | | 3.50 | | | 2.58 * On third-party branded petroleum product sales. Thousands of Barrels Daily Marketing Refined Product Sales Gasoline | | 1,277 | | | | 1,301 | | | | 1,247 | | | 1,248 Distillates | | 992 | | | | 971 | | | | 954 | | | 938 Other | | 60 | | | | 70 | | | | 54 | | | 55 2,329 | | | | 2,342 | | | | 2,255 | | | 2,241

Marketing Other Refined Product Sales Volume

60

Dollars Per Barrel Income Before Income Taxes U.S. | | $ | | 1.13 | | | | 2.32 | | | | 0.05 | | | 1.55 International | | 11.92 | | | | 1.96 | | | | 4.02 | | | 20.74 Realized Marketing Fuel Margins* U.S. | | $ | | 1.82 | | | | 2.83 | | | | 0.73 | | | 2.14 International | | 4.63 | | | | 7.11 | | | | 0.39 | | | 6.00 * See the “Non-GAAP Reconciliations” section for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure, income before income taxes per barrel. Dollars Per Gallon U.S. Average Wholesale Prices* Gasoline | | $ | | 3.48 | | | | 2.56 | | | | 3.00 | | | 2.53 Distillates | | 4.05 | | | | 2.60 | | | | 3.50 | | | 2.58 * On third-party branded petroleum product sales. Thousands of Barrels Daily Marketing Refined Product Sales Gasoline | | 1,277 | | | | 1,301 | | | | 1,247 | | | 1,248 Distillates | | 992 | | | | 971 | | | | 954 | | | 938 Other | | 60 | | | | 70 | | | | 54 | | | 55 2,329 | | | | 2,342 | | | | 2,255 | | | 2,241

Marketing Total Refined Product Sales Volume

2.3K

Dollars Per Barrel Income Before Income Taxes U.S. | | $ | | 1.13 | | | | 2.32 | | | | 0.05 | | | 1.55 International | | 11.92 | | | | 1.96 | | | | 4.02 | | | 20.74 Realized Marketing Fuel Margins* U.S. | | $ | | 1.82 | | | | 2.83 | | | | 0.73 | | | 2.14 International | | 4.63 | | | | 7.11 | | | | 0.39 | | | 6.00 * See the “Non-GAAP Reconciliations” section for a reconciliation of this non-GAAP measure to the most directly comparable GAAP measure, income before income taxes per barrel. Dollars Per Gallon U.S. Average Wholesale Prices* Gasoline | | $ | | 3.48 | | | | 2.56 | | | | 3.00 | | | 2.53 Distillates | | 4.05 | | | | 2.60 | | | | 3.50 | | | 2.58 * On third-party branded petroleum product sales. Thousands of Barrels Daily Marketing Refined Product Sales Gasoline | | 1,277 | | | | 1,301 | | | | 1,247 | | | 1,248 Distillates | | 992 | | | | 971 | | | | 954 | | | 938 Other | | 60 | | | | 70 | | | | 54 | | | 55 2,329 | | | | 2,342 | | | | 2,255 | | | 2,241

Total Renewable Fuel Sales Volume

65

Thousands of Barrels Daily Operating Statistics Total Renewable Fuels Produced | | 53 | | | | 40 | | | | 47 | | | 42 Total Renewable Fuel Sales | | 65 | | | | 71 | | | | 59 | | | 67

U.S. Total Fuel Sales Volume

192.4K

Millions of Dollars, Except as Indicated Three Months Ended June 30, 2026 | | | Three Months Ended June 30, 2025 U.S. | | International | | | U.S. | | International Realized Marketing Fuel Margins Income before income taxes | | $ | | 217 | | | 232 | | | | 429 | | | 56 Plus: Depreciation and amortization | | 14 | | | 1 | | | | 12 | | | 13 Selling, general and administrative expenses | | 271 | | | 8 | | | | 202 | | | 72 Equity in earnings of affiliates | | (17) | | | (40) | | | | (11) | | | (1) Other operating revenues* | | (145) | | | (1) | | | | (121) | | | (8) Other expense, net | | 10 | | | — | | | | 12 | | | — Special items: Net (gain) loss on asset dispositions | | — | | | (110) | | | | — | | | 89 Marketing margins | | 350 | | | 90 | | | | 523 | | | 221 Less: margin for nonfuel related sales | | — | | | — | | | | — | | | 18 Realized marketing fuel margins | | $ | | 350 | | | 90 | | | | 523 | | | 203 Total fuel sales volumes ( thousands of barrels ) 192,410 | | | 19,466 | | | | 184,591 | | | 28,560 Income before income taxes per barrel ( dollars per barrel ) $ | | 1.13 | | | 11.92 | | | | 2.32 | | 1.96 Realized marketing fuel margins ( dollars per barrel )** 1.82 | | | 4.63 | | | | 2.83 | | 7.11

Atlantic Basin/Europe Crude Oil Processed

510

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Atlantic Basin/Europe Total Processed Inputs

49.0K

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

Central Corridor Crude Oil Processed

800

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Central Corridor Total Processed Inputs

75.9K

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

Gulf Coast Crude Oil Processed

520

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Gulf Coast Total Processed Inputs

53.5K

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

NGL Fractionated

1.0K

Thousands of Barrels Daily Transportation Volumes Pipelines* | | 3,142 | | | | 3,093 | | | | 3,038 | | | 2,994 Terminals | | 3,433 | | | | 3,074 | | | | 3,307 | | | 3,007 Operating Statistics Wellhead Volume (billion cubic feet per day)** | | 4.5 | | | | 4.2 | | | | 4.4 | | | 4.2 NGL production** | | 465 | | | | 456 | | | | 455 | | | 447 Pipeline Throughput–Y-Grade to Market***† | | 943 | | | | 956 | | | | 937 | | | 831 NGL fractionated† | | 1,020 | | | | 883 | | | | 1,000 | | | 816 * Pipelines represent the sum of volumes transported through each separately tariffed consolidated pipeline segment, excluding NGL’s pipelines. ** Includes 100% of DCP Midstream Class A Segment. *** Represents volumes delivered to fractionation market hubs, including Mont Belvieu, Sweeny and Conway. Includes 100% of DCP Midstream Class A Segment and Phillips 66’s direct interest in DCP Sand Hills and DCP Southern Hills. † Includes volumes from the Coastal Bend acquisition, effective April 1, 2025. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information.

Pipeline Transportation Volume

3.1K

Thousands of Barrels Daily Transportation Volumes Pipelines* | | 3,142 | | | | 3,093 | | | | 3,038 | | | 2,994 Terminals | | 3,433 | | | | 3,074 | | | | 3,307 | | | 3,007 Operating Statistics Wellhead Volume (billion cubic feet per day)** | | 4.5 | | | | 4.2 | | | | 4.4 | | | 4.2 NGL production** | | 465 | | | | 456 | | | | 455 | | | 447 Pipeline Throughput–Y-Grade to Market***† | | 943 | | | | 956 | | | | 937 | | | 831 NGL fractionated† | | 1,020 | | | | 883 | | | | 1,000 | | | 816 * Pipelines represent the sum of volumes transported through each separately tariffed consolidated pipeline segment, excluding NGL’s pipelines. ** Includes 100% of DCP Midstream Class A Segment. *** Represents volumes delivered to fractionation market hubs, including Mont Belvieu, Sweeny and Conway. Includes 100% of DCP Midstream Class A Segment and Phillips 66’s direct interest in DCP Sand Hills and DCP Southern Hills. † Includes volumes from the Coastal Bend acquisition, effective April 1, 2025. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information.

Terminal Transportation Volume

3.4K

Thousands of Barrels Daily Transportation Volumes Pipelines* | | 3,142 | | | | 3,093 | | | | 3,038 | | | 2,994 Terminals | | 3,433 | | | | 3,074 | | | | 3,307 | | | 3,007 Operating Statistics Wellhead Volume (billion cubic feet per day)** | | 4.5 | | | | 4.2 | | | | 4.4 | | | 4.2 NGL production** | | 465 | | | | 456 | | | | 455 | | | 447 Pipeline Throughput–Y-Grade to Market***† | | 943 | | | | 956 | | | | 937 | | | 831 NGL fractionated† | | 1,020 | | | | 883 | | | | 1,000 | | | 816 * Pipelines represent the sum of volumes transported through each separately tariffed consolidated pipeline segment, excluding NGL’s pipelines. ** Includes 100% of DCP Midstream Class A Segment. *** Represents volumes delivered to fractionation market hubs, including Mont Belvieu, Sweeny and Conway. Includes 100% of DCP Midstream Class A Segment and Phillips 66’s direct interest in DCP Sand Hills and DCP Southern Hills. † Includes volumes from the Coastal Bend acquisition, effective April 1, 2025. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information.

West Coast Crude Oil Processed

89

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

West Coast Total Processed Inputs

8.5K

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

Worldwide Crude Oil Processed

1.9K

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Worldwide Total Processed Inputs

186.9K

Millions of Dollars, Except as Indicated Realized Refining Margins | | Atlantic Basin/ Europe | | Gulf Coast | | Central Corridor | | † | | West Coast | | Worldwide Three Months Ended June 30, 2026 Income before income taxes | | $ | | 352 | | | 953 | | | 1,599 | | | | 158 | | | 3,062 Plus: Taxes other than income taxes | | 16 | | | 25 | | | 41 | | | | 6 | | | 88 Depreciation, amortization and impairments | | 58 | | | 67 | | | 81 | | | | 16 | | | 222 Selling, general and administrative expenses | | 12 | | | 8 | | | (5) | | | | 10 | | | 25 Operating expenses | | 314 | | | 247 | | | 530 | | | | 53 | | | 1,144 Equity in losses of affiliates | | 1 | | | — | | | — | | | | — | | | 1 Other segment (income) expense, net | | (66) | | | (2) | | | (3) | | | | 8 | | | (63) Proportional share of refining gross margins contributed by equity affiliates 20 | | | — | | | — | | | | — | | | 20 Realized refining margins | | $ | | 707 | | | 1,298 | | | 2,243 | | | | 251 | | | 4,499 Total processed inputs ( thousands of barrels ) 48,969 | | | 53,522 | | | 75,902 | | | | 8,467 | | | 186,860 Income before income taxes per barrel ( dollars per barrel )** $ | | 7.20 | | | 17.80 | | | 21.07 | | | | 18.69 | | | 16.39 Realized refining margins ( dollars per barrel )*** 14.44 | | | 24.25 | | | 29.56 | | | | 29.65 | | | 24.08

Y-Grade Pipeline Throughput to Market

943

Thousands of Barrels Daily Transportation Volumes Pipelines* | | 3,142 | | | | 3,093 | | | | 3,038 | | | 2,994 Terminals | | 3,433 | | | | 3,074 | | | | 3,307 | | | 3,007 Operating Statistics Wellhead Volume (billion cubic feet per day)** | | 4.5 | | | | 4.2 | | | | 4.4 | | | 4.2 NGL production** | | 465 | | | | 456 | | | | 455 | | | 447 Pipeline Throughput–Y-Grade to Market***† | | 943 | | | | 956 | | | | 937 | | | 831 NGL fractionated† | | 1,020 | | | | 883 | | | | 1,000 | | | 816 * Pipelines represent the sum of volumes transported through each separately tariffed consolidated pipeline segment, excluding NGL’s pipelines. ** Includes 100% of DCP Midstream Class A Segment. *** Represents volumes delivered to fractionation market hubs, including Mont Belvieu, Sweeny and Conway. Includes 100% of DCP Midstream Class A Segment and Phillips 66’s direct interest in DCP Sand Hills and DCP Southern Hills. † Includes volumes from the Coastal Bend acquisition, effective April 1, 2025. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information.

Atlantic Basin/Europe Refinery Capacity Utilization

92.0%

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

CPChem Global Olefins and Polyolefins Capacity Utilization

91.0%

Millions of Pounds CPChem Externally Marketed Sales Volumes* | | 5,006 | | | | 6,128 | | | | 10,714 | | | 12,259 * Represents 100% of CPChem’s outside sales of produced petrochemical products, as well as commission sales from equity affiliates. Global Olefins and Polyolefins Capacity Utilization (percent) | | 91 | | % | | | 92 | | | | 92 | | | 96

Central Corridor Refinery Capacity Utilization

101.0%

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Gulf Coast Refinery Capacity Utilization

96.0%

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

West Coast Refinery Capacity Utilization

84.0%

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Worldwide Refinery Capacity Utilization

96.0%

Thousands of Barrels Daily Three Months Ended June 30 | | | Six Months Ended June 30 Operating Statistics | | 2026 | | | 2025 | | | | 2026 | | | 2025 Refining operations* Atlantic Basin/Europe Crude oil capacity | | 554 | | | | 537 | | | | 554 | | | 537 Crude oil processed | | 510 | | | | 518 | | | | 521 | | | 439 Capacity utilization (percent)† | | 92 | | % | | | 97 | | | | 94 | | | 82 Refinery production | | 539 | | | | 543 | | | | 554 | | | 489 Gulf Coast Crude oil capacity | | 541 | | | | 529 | | | | 541 | | | 529 Crude oil processed | | 520 | | | | 508 | | | | 525 | | | 439 Capacity utilization (percent)† | | 96 | | % | | | 96 | | | | 97 | | | 83 Refinery production | | 596 | | | | 579 | | | | 595 | | | 496 Central Corridor** Crude oil capacity | | 793 | | | | 531 | | | | 793 | | | 531 Crude oil processed | | 800 | | | | 550 | | | | 767 | | | 535 Capacity utilization (percent)† | | 101 | | % | | | 104 | | | | 97 | | | 101 Refinery production | | 832 | | | | 572 | | | | 800 | | | 558 West Coast*** Crude oil capacity | | 105 | | | | 244 | | | | 105 | | | 244 Crude oil processed | | 89 | | | | 234 | | | | 89 | | | 231 Capacity utilization (percent)† | | 84 | | % | | | 96 | | | | 85 | | | 95 Refinery production | | 93 | | | | 238 | | | | 95 | | | 237 Worldwide Crude oil capacity | | 1,993 | | | | 1,841 | | | | 1,993 | | | 1,841 Crude oil processed | | 1,919 | | | | 1,810 | | | | 1,902 | | | 1,644 Capacity utilization (percent)† | | 96 | | % | | | 98 | | | | 95 | | | 89 Refinery production | | 2,060 | | | | 1,932 | | | | 2,044 | | | 1,780 * Includes our share of equity affiliates. ** Includes our proportional share of our equity method investment in WRB through September 30, 2025. Beginning on October 1, 2025, 100% of Borger Refinery and Wood River Refinery are included in consolidated results. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information. *** In the fourth quarter 2025, we ceased fuel production and began idling the facilities at our Los Angeles Refinery, and the associated crude oil capacity is excluded from the statistics above beginning on October 1, 2025. † Capacity utilization percentages, as presented, are calculated using underlying crude oil processed volumes divided by crude oil capacity. As such, recalculated utilization percentages using the rounded volumes presented may differ due to rounding.

Midstream Wellhead Volume

4.5

Thousands of Barrels Daily Transportation Volumes Pipelines* | | 3,142 | | | | 3,093 | | | | 3,038 | | | 2,994 Terminals | | 3,433 | | | | 3,074 | | | | 3,307 | | | 3,007 Operating Statistics Wellhead Volume (billion cubic feet per day)** | | 4.5 | | | | 4.2 | | | | 4.4 | | | 4.2 NGL production** | | 465 | | | | 456 | | | | 455 | | | 447 Pipeline Throughput–Y-Grade to Market***† | | 943 | | | | 956 | | | | 937 | | | 831 NGL fractionated† | | 1,020 | | | | 883 | | | | 1,000 | | | 816 * Pipelines represent the sum of volumes transported through each separately tariffed consolidated pipeline segment, excluding NGL’s pipelines. ** Includes 100% of DCP Midstream Class A Segment. *** Represents volumes delivered to fractionation market hubs, including Mont Belvieu, Sweeny and Conway. Includes 100% of DCP Midstream Class A Segment and Phillips 66’s direct interest in DCP Sand Hills and DCP Southern Hills. † Includes volumes from the Coastal Bend acquisition, effective April 1, 2025. See Note 2—Business Combinations, in the Notes to Consolidated Financial Statements for additional information.