Phillips 66 Enters Material Definitive Agreement
Ticker: PSX · Form: 8-K · Filed: Sep 30, 2025 · CIK: 1534701
| Field | Detail |
|---|---|
| Company | Phillips 66 (PSX) |
| Form Type | 8-K |
| Filed Date | Sep 30, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $1 billion, $1.25 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: PSX
TL;DR
PSX signed a big deal, new financial obligations incoming.
AI Summary
On September 29, 2025, Phillips 66 entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and related financial obligations under an off-balance sheet arrangement. Specific details of the agreement and its financial implications are provided within the filing.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Phillips 66, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes that warrant careful consideration.
Key Players & Entities
- Phillips 66 (company) — Registrant
- September 29, 2025 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Phillips 66 enter into?
The filing states that Phillips 66 entered into a material definitive agreement, creating a direct financial obligation. Specific details of the agreement are not provided in the summary but are available in the full filing.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is September 29, 2025.
What are the main items of information included in this 8-K filing?
This 8-K filing includes information regarding the entry into a material definitive agreement, the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, and financial statements and exhibits.
What is Phillips 66's principal executive office address?
Phillips 66's principal executive offices are located at 2331 CityWest Boulevard, Houston, Texas 77042.
What is the SIC code for Phillips 66?
The Standard Industrial Classification (SIC) code for Phillips 66 is 2911, which corresponds to PETROLEUM REFINING.
Filing Stats: 621 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2025-09-30 16:30:14
Key Financial Figures
- $0.01 — ange on which registered Common stock, $0.01 par value PSX New York Stock Exchan
- $1 billion — increase the maximum facility size from $1 billion to $1.25 billion and (ii) extend the ma
- $1.25 billion — aximum facility size from $1 billion to $1.25 billion and (ii) extend the maturity date from
Filing Documents
- d65689d8k.htm (8-K) — 25KB
- d65689dex101.htm (EX-10.1) — 130KB
- 0001193125-25-225107.txt ( ) — 292KB
- psx-20250929.xsd (EX-101.SCH) — 3KB
- psx-20250929_lab.xml (EX-101.LAB) — 17KB
- psx-20250929_pre.xml (EX-101.PRE) — 11KB
- d65689d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 10.1 Third Amendment to Receivables Purchase and Financing Agreement, dated as of September 29, 2025, among Phillips 66 Receivables LLC, the persons from time to time party thereto as Purchaser/Lenders, PNC Bank, National Association, as Administrative Agent, Phillips 66 Company, as servicer, and PNC Capital Markets LLC, as structuring agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PHILLIPS 66 By: /s/ Vanessa A. Sutherland Name: Vanessa A. Sutherland Title: Executive Vice President September 30, 2025