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Phillips 66 Joins PSP to Enhance Community Development

Phillips 66 (NYSE: PSX) has announced its membership in the Permian Strategic Partnership ("PSP"), joining Energy Transfer (NYSE: ET) and expanding the coalition to 31 members. This move marks a significant step for Phillips 66 as it aligns with PSP's mission to enhance the quality of life for residents in Southeast New Mexico and West Texas. The Permian Basin region is a strategic growth area for Phillips 66 and the company has nearly 400 employees who call this area home. Partnering with the PSP demonstrates the company's commitment to supporting the communities wherein its employees live and work. Founded five years ago, PSP has nearly doubled its size and exponentially expanded its impacts through collaborative efforts with federal, state and local leaders. The partnership remains dedicated to crafting and executing strategic plans to bolster essential facets of community life, including education, healthcare, workforce development and infrastructure. Since its inception in 2019, PSP has committed ...