Court orders Phillips 66 to pay $195M exemplary damages; total $799.9M in Propel Fuels suit

Phillips 66

Superior Court of California issued order for $195M in exemplary damages plus pre- and post-judgment interest against Phillips 66 Company subsidiary.
Total damages now $799.9M including $604.9M compensatory damages from October 2024 jury verdict.
Phillips 66 denies wrongdoing and intends to vigorously appeal and pursue post-judgment remedies.
There can be no assurances that post-judgment or appeal efforts will be successful.

item 8.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.