{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-198846","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2025-09-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.261414+00:00","generated_at":"2026-05-17T07:17:33.768809+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Phillips 66 to buy remaining 50% of WRB Refining JV from Cenovus for $1.4B","bullets":["Acquires full ownership of Wood River (345 MBD) and Borger (149 MBD) refineries.","Deal is all-cash $1.4B, subject to customary purchase price adjustments; expected close Q4 2025.","Expects operational and commercial synergies of ~$50M per year via full value-chain integration.","Phillips 66 has operated both refineries since JV inception in 2007; combined capacity increase ~250 MBD.","Transaction unlocks low-capital, high-return projects for long-term shareholder value."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-198846","json":"https://secwatch.observer/filing/0001193125-25-198846.json","markdown":"https://secwatch.observer/filing/0001193125-25-198846.md","text":"https://secwatch.observer/filing/0001193125-25-198846.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000119312525198846/0001193125-25-198846-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000119312525198846/d16778d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T07:17:33.768809+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}