---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-207435"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2025-09-18T23:59:59+00:00"
generated_at: "2026-05-17T06:14:44.018344+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001193125-25-207435
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2025-09-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000119312525207435/0001193125-25-207435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000119312525207435/d25054d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-207435
- JSON: https://secwatch.observer/filing/0001193125-25-207435.json
- Plain text: https://secwatch.observer/filing/0001193125-25-207435.txt

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