{"schema_version":"secwatch.filing_event.v1","accession":"0001534701-24-000101","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2024-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.882672+00:00","generated_at":"2026-06-03T06:27:18.612722+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Phillips 66 Q1 earnings $748M ($1.73 EPS) vs $1.96B year ago; adjusted EPS $1.90","bullets":["Adjusted earnings $822M ($1.90 EPS), down from $1.97B ($4.21) in Q1 2023 and $1.36B ($2.97) in Q4 2023.","Refining pre-tax income fell to $131M (adj. $228M) from $1.6B in Q1 2023; crude utilization 92%.","Returned $1.6B to shareholders via $1.2B buybacks and $448M dividends; $9.9B returned since July 2022.","Dividend raised 10% to $1.15/quarter; company on track for $1.4B cost savings by year-end 2024.","Rodeo renewable fuels complex started producing 30,000 bpd; targeting 50,000 bpd by end of Q2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001534701-24-000101","json":"https://secwatch.observer/filing/0001534701-24-000101.json","markdown":"https://secwatch.observer/filing/0001534701-24-000101.md","text":"https://secwatch.observer/filing/0001534701-24-000101.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000153470124000101/0001534701-24-000101-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000153470124000101/psx-20240426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T06:27:18.612722+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":"9902fc296d4877deb3eb65c24b7d05bcec1efbfa","claim":"Phillips 66 reported quarter ended March 31, 2024 results: net income first-quarter earnings of $748 million, EPS $1.73 per share.","evidence_excerpt":"Phillips 66 Reports 1Q 2024 Financial Results, Highlights Strategic Priorities Progress First-Quarter Results • First-quarter earnings of $748 million or $1.73 per share; adjusted earnings of $822 million or $1.90 per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000153470124000101/0001534701-24-000101-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended March 31, 2024"},{"label":"Net income","value":"first-quarter earnings of $748 million"},{"label":"EPS","value":"$1.73 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"}