{"schema_version":"secwatch.filing_event.v1","accession":"0001534701-23-000145","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2023-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.414643+00:00","generated_at":"2026-06-09T06:58:47.891113+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Phillips 66 Q3 adj. EPS $4.63; raises shareholder return target to $13-15B","bullets":["Q3 adjusted earnings $2.1B ($4.63/share); reported $2.1B ($4.69/share); operating cash flow $2.7B.","Shareholder distribution target increased to $13-15B from $10-12B; $5B additional share repurchase authorization; at least 50% of operating cash flow returned.","Refining pre-tax income $1.71B (adj. $1.74B) on 95% crude utilization; realized margins $18.96/bbl, up from $15.32 in Q2.","Business transformation run-rate target raised to $1.4B by end 2024; mid-cycle adj. EBITDA growth target increased to $4B by 2025.","Plans to monetize over $3B in non-core assets; Rodeo Renewed renewable fuels facility expected to start Q1 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001534701-23-000145","json":"https://secwatch.observer/filing/0001534701-23-000145.json","markdown":"https://secwatch.observer/filing/0001534701-23-000145.md","text":"https://secwatch.observer/filing/0001534701-23-000145.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000153470123000145/0001534701-23-000145-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000153470123000145/psx-20231027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T06:58:47.891113+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":[{"claim_id":"fb06a87f2cbf51ab9da73fe98a073f85603c20a8","claim":"Phillips 66 reported the quarter ended September 30, 2023 results: net income $2.1 billion, EPS $4.69 per share. Guidance raised.","evidence_excerpt":"Phillips 66 Reports Third-Quarter 2023 Financial Results and Update to Strategic Priorities Third-Quarter Results • Reported third-quarter earnings of $2.1 billion or $4.69 per share; adjusted earnings of $2.1 billion or $4.63 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000153470123000145/0001534701-23-000145-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Net income","value":"$2.1 billion"},{"label":"EPS","value":"$4.69 per share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}