Vanguard (PSX) amends 13G: zero holdings reported after reorganization

Rhea-AI Filing Summary

Phillips 66 receives a Schedule 13G/A amendment from The Vanguard Group reporting zero beneficial ownership. The filing states that, following an internal realignment effective 01/12/2026, certain Vanguard subsidiaries now report holdings separately under SEC Release No. 34-39538.

The amendment lists Amount beneficially owned: 0 and Percent of class: 0%, with all voting and dispositive powers reported as 0. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.

Insights

Institutional Ownership Analyst

Institutional reallocation led to disaggregated reporting; Vanguard reports no beneficial ownership here.

The amendment records 0 shares and 0% ownership, reflecting a reporting change after Vanguard's internal realignment on 01/12/2026. This indicates holdings formerly reported under The Vanguard Group will appear under separate subsidiary filings.

Impact depends on where the subsidiaries report their positions; subsequent Schedule 13 filings from the disaggregated entities will show the underlying holdings and are the relevant disclosures for ownership tracking.

Corporate Compliance Counsel

Filing cites SEC Release No. 34-39538 as the authority for separate reporting by subsidiaries.

The disclosure explicitly references the SEC Release No. 34-39538 framework and states The Vanguard Group no longer is deemed to beneficially own securities reported by those subsidiaries. The amendment documents voting and dispositive powers as 0.

Compliance observers should follow related 13G/A submissions from Vanguard affiliates for the full ownership picture; this amendment reflects a structural reporting change rather than an economic divestiture in this filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 14)

Phillips 66

(Name of Issuer)

Common Stock

(Title of Class of Securities)

718546104

(CUSIP Number)

03/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 718546104

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Phillips 66
(b)	Address of issuer's principal executive offices: 2331 Citywest Blvd, Houston, TX, 77042
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd.,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/27/2026

FAQ

What does The Vanguard Group's Schedule 13G/A for PSX report?

It reports 0 shares beneficially owned and 0% of Phillips 66 common stock. The filing states Vanguard's subsidiaries will now report holdings separately after an internal realignment on 01/12/2026.

Why does Vanguard report zero ownership for Phillips 66 (PSX)?

Because Vanguard reorganized internally and disaggregated holdings under SEC Release No. 34-39538. The amendment states Vanguard no longer is deemed to beneficially own securities held by those subsidiaries following the 01/12/2026 realignment.

Who signed the Schedule 13G/A amendment for PSX on behalf of Vanguard?

The filing is signed by Ashley Grim, Head of Global Fund Administration. The signature date on the amendment is 03/27/2026, certifying the reporting changes described in the amendment.

Does this amendment mean Vanguard sold Phillips 66 shares?

No. The amendment reflects a reporting change due to internal disaggregation under SEC Release No. 34-39538. It lists 0 for beneficial ownership here; related subsidiary filings will show where holdings are reported.

Will Vanguard-affiliated filings still show Phillips 66 holdings after this change?

Yes. The amendment states certain subsidiaries or business divisions will report beneficial ownership separately. Investors should review subsequent 13G/A or 13D/G filings from those subsidiaries for the actual holdings.