Phillips 66 Contributes a Total of $1 Million to American Red Cross for Ida Relief Efforts

Rhea-AI Summary

Phillips 66 (NYSE: PSX) has announced an additional $500,000 contribution to the American Red Cross for Hurricane Ida relief, bringing its total donation to $1 million. The Category 4 hurricane severely impacted the Northeast, especially Louisiana. All Phillips 66 employees in affected areas are safe. The company supports recovery efforts while maintaining a commitment to safety and operational excellence.

Positive

• Total contribution to Hurricane Ida relief reaches $1 million.
• All employees in affected areas accounted for and safe.

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• None.

The company announces an additional $500,000 contribution after the storm’s remnants hit the Northeast

HOUSTON--(BUSINESS WIRE)-- Phillips 66 (NYSE: PSX) today announced it will contribute an additional $500,000 to the American Red Cross to assist relief efforts in the states affected by Hurricane Ida and its remnants. The latest donation brings the company’s total contribution to the organization’s Ida relief efforts to $1 million.

“We want those affected by Ida to know they are not alone,” said Phillips 66 Chairman and CEO Greg Garland. “The Red Cross is at the fore as the American people and industry marshal resources to help people recover and rebuild, and we are proud at Phillips 66 to support those efforts.”

The storm made landfall on Aug. 29 as a powerful Category 4 hurricane, knocking out power across Louisiana and bringing devastating floodwaters before continuing its march north. Phillips 66 operates assets in both Louisiana and New Jersey, and has confirmed that all of its employees in the affected areas are accounted for and safe.

“The American Red Cross, our volunteers and partners are working around the clock to provide help and hope to thousands of people impacted by Hurricane Ida,” said Gail McGovern, president and CEO of the American Red Cross. “We cannot thank Phillips 66 enough for their generosity, which will enable us to provide shelter, relief supplies, food and comfort to families as they begin to rebuild their lives after this catastrophic storm.”

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/20210907005519/en/

Bernardo Fallas (media)

855-841-2368

bernardo.e.fallas@p66.com

Source: Phillips 66

FAQ

What is Phillips 66's recent donation for Hurricane Ida relief?

Phillips 66 announced an additional $500,000 donation, bringing its total contribution to $1 million.

How did Hurricane Ida impact Phillips 66 operations?

Hurricane Ida impacted the Northeast, especially Louisiana, where Phillips 66 operates, but all employees are reported safe.

When did Hurricane Ida make landfall?

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

What is Phillips 66's stock symbol?

The stock symbol for Phillips 66 is PSX.

How much has Phillips 66 contributed to the American Red Cross?

Phillips 66 has contributed a total of $1 million to the American Red Cross for relief efforts following Hurricane Ida.