Phillips 66 SVP and controller Kluppel sells $1.65m in stock

Phillips 66 Senior Vice President and Controller Ann M. Kluppel sold $1.65 million worth of company stock in early August, following the exercise of employee stock options. The shares were sold at prices ranging from $205.0 to $215.0 per share, with one transaction on August 10 involving 2,100 shares sold at a weighted average price of $210.6317.

Despite the stock's strong performance, with an 84% gain year-to-date and a 95% return over the past year, its current price of $233.61 is near its 52-week high of $236.14. The company reported adjusted earnings of $9.41 per share in Q2 2026, beating expectations, while revenue fell short of forecasts. Additionally, Phillips 66's debt is being aggressively reduced, with the company aiming to hit a $17 billion gross debt target by the end of 2026, one year ahead of schedule.

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