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Mark Lashier

Chief Executive Officer & Chairman, Phillips 66

Search every verified Mark Lashier interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Mark Lashier, chairman and CEO of Phillips 66, discussed the company’s recent performance and strategic priorities during earnings calls in late 2024 and mid-2026. He noted that the company exceeded its $400 million synergy target on the DCP midstream acquisition, achieving $500 million in run rate synergies, and surpassed its $1.4 billion business transformation savings goal by reaching $1.5 billion. Lashier also highlighted progress on 2025–2027 priorities, including plans to grow midstream to $4 billion in stable midcycle EBITDA with the anticipated close of the Epic acquisition, and to add $1 billion in total midcycle EBITDA across midstream and chemicals by 2027. Lashier emphasized a disciplined approach to capital allocation, stating the company would not grow midstream solely for size but to create shareholder value. He also discussed the use of AI at the front-line level to enhance asset performance and maintenance, and reiterated a commitment to returning greater than 50% of net operating cash flow to shareholders through dividends and share repurchases. He acknowledged the company’s capital constraints and said it would be selective about future investments.

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