{"schema_version":"secwatch.filing_event.v1","accession":"0001534701-24-000030","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.534915+00:00","generated_at":"2026-06-06T13:27:10.512616+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Phillips 66 Q4 net earnings $1.3B, adj. EPS $3.09; returns $1.6B to shareholders; progress on cost savings","bullets":["Q4 GAAP EPS $2.86; adjusted EPS $3.09; full-year adj. EPS $15.81.","Operating cash flow $2.2B in Q4; returned $1.6B via dividends and buybacks.","Refining adjusted pre-tax income $797M vs $1.74B in Q3 due to lower realized margins ($14.41/bbl vs $18.96/bbl).","Midstream adjusted pre-tax $423M, record NGL fractionation and LPG export volumes; DCP synergies $250M.","Achieved $1.2B run-rate cost savings; targeting $1.4B by end of 2024; Rodeo Renewed startup expected Q1 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001534701-24-000030","json":"https://secwatch.observer/filing/0001534701-24-000030.json","markdown":"https://secwatch.observer/filing/0001534701-24-000030.md","text":"https://secwatch.observer/filing/0001534701-24-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000153470124000030/0001534701-24-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000153470124000030/psx-20240131.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T13:27:10.512616+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":"01895b01862d30fcc40c7d77a6c58b3b5337a4b2","claim":"Phillips 66 reported the quarter ended December 31, 2023 results: net income $1.3 billion, EPS $2.86 per share.","evidence_excerpt":"On January 31, 2024, Phillips 66 issued a press release announcing the company's financial and operating results for the quarter ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000153470124000030/0001534701-24-000030-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Net income","value":"$1.3 billion"},{"label":"EPS","value":"$2.86 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"01895b01862d30fcc40c7d77a6c58b3b5337a4b2","claim":"Phillips 66 reported the quarter ended December 31, 2023 results: net income $1.3 billion, EPS $2.86 per share.","evidence_excerpt":"Phillips 66 (NYSE: PSX), a leading diversified and integrated downstream energy company, announced fourth-quarter earnings of $1.3 billion, compared with earnings of $2.1 billion in the third quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000153470124000030/0001534701-24-000030-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Net income","value":"$1.3 billion"},{"label":"EPS","value":"$2.86 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"78c29866b3d7736f8b5337b6301e47fd1dd1ac8b","claim":"Phillips 66 reported Full-Year 2023 results: net income $7.0 billion, EPS $15.48 per share.","evidence_excerpt":"Earnings of $7.0 billion or $15.48 per share; adjusted earnings of $7.2 billion or $15.81 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000153470124000030/0001534701-24-000030-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full-Year 2023"},{"label":"Net income","value":"$7.0 billion"},{"label":"EPS","value":"$15.48 per share"},{"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"}