Phillips 66 BDR program executes 8-for-1 stock split, ratio shifts to 1:16 from 1:2
PSX•BDR split and ratio change
Phillips 66 said its BDR program will implement a mandatory stock split tied to a ratio change from 1:2 to 1:16 (underlying:BDR).
Each 1 BDR held on 29/07/2026 will receive 7 additional BDR. The ratio change will take effect from Brazil’s 30/07/2026 market open.
Settlement timing and fractional entitlements
The new BDRs are scheduled to be credited on 03/08/2026.
Fractional entitlements will be paid in cash via B3.
