---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-174520"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2025-08-06T23:59:59+00:00"
generated_at: "2026-05-17T19:23:03.633333+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-174520
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2025-08-06T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000119312525174520/0001193125-25-174520-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000119312525174520/d81574d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-174520
- JSON: https://secwatch.observer/filing/0001193125-25-174520.json
- Plain text: https://secwatch.observer/filing/0001193125-25-174520.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.