On April 22, 2024, As You Sow filed an exempt solicitation statement soliciting proxies and urged the shareholders of Phillips 66 to vote for a shareholder proposal, requesting that the Company issue a report, at reasonable cost and omitting proprietary information, addressing whether and how a significant reduction in virgin plastic demand, as set forth in Breaking the Plastic Wave?s System Change Scenario, would affect the Company?s financial position and the assumptions underlying its financial statements, at the Company?s annual shareholders meeting scheduled to be held on May 15, 2024.