Stockholder's Meetings at Phillips 66
May 8, 2013: Phillips Holds First Stockholder's Meeting in Houston
Greg Garland told Phillips stockholders at the first meeting that Phillips had executed the spin-off from ConocoPhillips flawlessly. "When you think about the Company, we had a strong operating performance. We ran well," said Garland. "We stood up the Company in a very favorable margin environment, so all those things came together for really strong year of financial performance for our Company. We delivered $5.4 billion of [adjusted] net income in 2012. Our return on capital employed was 22%. We're so proud of our employees and what they accomplished in standing up the Company, but also for their commitment and their dedication in creating and capturing value for our shareholders."
Garland received questions from stockholders John Pajak who works at the Bayway Refinery and commended Phillips for its repsonse to Hurricane Sandy. Stockholder Jimmie Dunn commended Phillips on its first year performance and asked why Phillips bought back stock rather than increasing the dividends. Stockholder Governor Clements said he was very pleased with Phillips' performance. Stockholder Jim White said he was a suppler to Phillips and commended Phillips for the response post superstorm Sandy and for Phillips ongoing commitment to family values and safety. Stockholder Michael Mulvany, the business manager for a local steamfitters union headquartered out of North New Jersey, thanked Phillips for their commitment to safety. "My union's relationship with that refinery goes back 103 years when Mr. John D. Rockefeller opened up Standard Oil," said Mulvany. "We've been there when it was Exxon, Tosco, ConocoPhillips and now Phillips 66. And we're hoping to be there another 103 years with all you fellows, and your good team of leadership." Stockholder Caroline Hockley asked about Phillips controlled pipelines and Garland responded that Phillips has "a state-of-the-art controlled facility, one of the newest and, I think, best in the industry in Bartlesville, Oklahoma." Stockholder Jimmie Dunn asked how he could get a tide in ConocoPhillips "beautiful hot air balloon."
April 17, 2013: Phillips Announces First Annual Stockholder's Meeting
The Herald Online reported on April 17, 2013 that will host its First Annual Meeting of Stockholders on Wednesday, May 8, 2013 at 9:00 a.m. CDT at the Marriott Houston Westchase at 2900 Briarpark Drive, Houston 77042. Stockholders must present an admission ticket or proof of ownership of Phillips 66 stock, as well as valid picture identification, to enter the meeting. Phillips also encourages company employees to attend the meeting.
Master Index for Phillips 66 Articles
- Phillips 66 Master Article
- Phillips 66 Master Index
- Creation of Phillips 66
- Decision to Name the Downstream Company Phillips 66
- Strategic Vision for Phillips 66
- Phillips 66 Capital Programs
- Governance at Phillips 66
- Greg Garland, CEO of Phillips 66
- Members of the Board of Directors of Phillips 66
- Financial Stability of Phillips 66 and Risk Management
- Government Relations at Phillips 66
- Media Relations and Public Relations at Phillips 66
- New Phillips 66 Headquarters
- Litigation and Legal Issues at Phillips 66
- The Stock Market and Phillips 66
- Dividends and Stock Repurchase at Phillips 66
- Stockholder's Meetings at Phillips 66
- Earnings Conferences at Phillips 66
- Investor Conferences at Phillips 66
- Operational Excellence at Phillips 66
- Safety at Phillips 66
- Employee Deaths and Injuries at Phillips 66
- Environmental Issues at Phillips 66
- Refinery and Marketing Business Segment at Phillips 66
- Labor Relations at Phillips 66
- Human Resources at Phillips 66
- Increasing Profitability in the Refining Business Segment at Phillips 66
- Divestiture of Non-Core Assets at Phillips 66
- Marketing and Special Products at Phillips 66
- Technology Development at Phillips 66
- How Much Money Does the Marland Refinery in Ponca City Earn for Phillips 66?
- Ponca City and the "Merger of Equals" with Phillips 66 in 2001
- Ponca City and the Spinoff of Phillips 66 in 2012
- Phillips 66: Ponca City Refinery
- Phillips 66: The Marland Refinery at Ponca City
- Phillips 66: Alliance Refinery
- Phillips 66: Bayway Refinery
- Phillips 66: Billings Refinery
- Phillips 66: Borger Refinery
- Phillips 66: Ferndale Refinery
- Phillips 66: Humber Refinery
- Phillips 66: Lake Charles Refinery
- Phillips 66: Los Angeles Refinery
- Phillips 66: Wilmington Refinery
- Phillips 66: Melaka Refinery
- Phillips 66: San Francisco Refinery
- Phillips 66: Rodeo Refinery
- Phillips 66: Santa Maria Refinery
- Phillips 66: Sweeny Refinery
- Phillips 66: Trainer Refinery
- Phillips 66: Whitegate Refinery
- Phillips 66: Wood River Refinery
- Chemical Business Segment at Phillips 66
- Midstream Business Segment at Phillips 66
- What Independent Financial Analysts Say About Phillips 66
- External Links to Phillips 66
- Bartlesville Examiner-Enterprise. "Phillips 66 CEO praises city" by Kelcey King. August 28, 2008.
- Phillips 66. "Transcipt of First Stockholder's Meeting" May 8, 2013.
- Phillips 66. "Transcipt of First Stockholder's Meeting" May 8, 2013.
- Herald Online. "Phillips 66 to Host Inaugural Meeting of Stockholders" April 17, 2013.
About the Author
Hugh Pickens (Po-Hi '67) is a physicist who has explored for oil in the Amazon jungle, crossed the empty quarter of Saudi Arabia, and built satellite control stations for Goddard Space Flight Center all over the world. Retired in 1999, Pickens and his wife moved from Baltimore back to his hometown of Ponca City, Oklahoma in 2005 where he cultivates his square foot garden, mows nine acres of lawn, writes about local history and photographs events at the Poncan Theatre and Ponca Playhouse.
Since 2001 Pickens has edited and published “Peace Corps Online,” serving over one million monthly pageviews. His other writing includes contributing over 1,500 stories to “Slashdot: News for Nerds,” and articles for Wikipedia, “Ponca City, We Love You”, and Peace Corps Worldwide.
Articles about Ponca City
- The Pioneer Woman Models Should Return to Ponca City July 13, 2007
- The Pioneer Woman Models Come Home to Ponca City February 26, 2010
- President Barack Obama's Mother Grew Up in Ponca City February 6, 2009
- Standing Bear Looks to the Future
- What to See in Ponca City
- Ponca Playhouse to Present "The Broken Statue" January 17, 2012
- What Ponca City Owes EW Marland June 20, 2012
- How Much Money Does the Marland Refinery in Ponca City Earn for Phillips 66? July 23, 2012
- EW Marland and the Movie "The Ends of the Earth" May 23, 2013
- An Independent Evaluation of Phillips 66, its Business Strategy, and Execution
- Jon Carson is Head of Obama's "Organizing for Action"
- Academy Award Winner Chris Terrio Writes Screenplay about E.W. Marland
- Building NASA's NASA's GRO Remote Terminal System (GRTS) in Australia
- America's Fresh Water Submarines in World War II
- Peace Corps Director Aaron Williams
- The Peace Corps "Sharp Incident" in Kazakhstan
- Why I enjoy Writing for Slashdot
- Why I enjoy Writing for Wikipedia
- Death Be Not Proud
- My Favorite Christmas
- A Victorian Mansion in Baltimore's Reservoir Hill
- Senate Foreign Relations Committee Hearing on the Nominee for Peace Corps Director
Updates to the Web Site
This web page is frequently updated so check back periodically to see the latest information or subscribe to the rss feed for this article. If you have any information or insights that you would like to see added to this report please contact Hugh Pickens by email at hughpickens AT gmail DOT com.
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