Phillips 66 announces 25% dividend increase, $1B share repurchase expansion

The board of Phillips 66 has approved a 25% increase in the company's dividend, effective in 1Q13, representing an annual dividend of $1.25 per share of common stock. Phillips 66's board has also approved an additional $1B share repurchase which augments the $1B share repurchase plan announced in 3Q12.

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