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

Rhea-AI Summary

Phillips 66 (NYSE: PSX) announced a $500,000 contribution to the American Red Cross to aid Hurricane Ida relief efforts in southeastern Louisiana. The hurricane, which struck on August 29, caused widespread devastation and power outages. All of Phillips 66's nearly 500 employees in the affected area are confirmed safe. The American Red Cross expressed gratitude for the support, highlighting its importance in providing shelter and assistance to thousands impacted by the disaster. Phillips 66, based in Houston, operates across energy sectors with $57 billion in assets as of June 30, 2021.

Positive

• Contribution of $500,000 to support Hurricane Ida relief efforts.
• All 500 employees in southeastern Louisiana confirmed safe post-hurricane.
• Engagement with the American Red Cross strengthens community relations.

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• None.

HOUSTON--(BUSINESS WIRE)-- 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210901005821/en/

Bernardo Fallas (media)

855-841-2368

bernardo.e.fallas@p66.com

Source: Phillips 66

FAQ

What was Phillips 66's recent contribution for Hurricane Ida relief?

Phillips 66 contributed $500,000 to the American Red Cross for Hurricane Ida relief efforts.

When did Hurricane Ida make landfall?

Hurricane Ida made landfall on August 29 as a Category 4 storm.

How many employees does Phillips 66 have in the affected area?

Phillips 66 has nearly 500 employees in southeastern Louisiana.

How much in assets did Phillips 66 report as of June 30, 2021?

Phillips 66 reported $57 billion in assets as of June 30, 2021.

What impact did Hurricane Ida have on Phillips 66's operations?

All Phillips 66 employees in the affected area were confirmed safe, indicating no direct impact on operations.