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Q4 Earnings Beat + Dividend Raised to $1.27 → EVP Sells $7.26M Ahead of Piper Sandler Conference

Phillips 66 reported Q4 2025 adjusted earnings of $1.0 billion, improving from a loss in the prior year, driven by strong improvement in refining and marketing segments, and raised its quarterly dividend to $1.27 per share (up $0.07) payable March 4 to record holders February 23. Executive Vice President Brian Mandell sold 42,800 shares at an average $169.53 on March 12 for $7.26 million, drawing attention to insider activity near the 52-week high of $178.38. The company expanded its board with Howard Ungerleider and Kevin Meyers, and participated in a fireside chat at the Piper Sandler 26th Annual Energy Conference today, with the stock trading at $173.26 with positive analyst sentiment around sustained refining margins.