Phillips 66 subsidiary issues $2B in junior subordinated notes due 2056

Phillips 66

$1B of 5.875% Series A and $1B of 6.200% Series B junior subordinated notes, both due 2056.
Notes are fully and unconditionally guaranteed by Phillips 66 (PSX).
Offering underwritten by several banks; Indenture dated September 18, 2025 with U.S. Bank as trustee.
Proceeds not specified; sale registered under an effective shelf registration statement.

item 8.01item 9.01

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