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Updated Aug 21, 2026
Phillips 66 expands receivables securitization capacity to $2B, extends maturity to August 2027.
Phillips 66 amended its accounts receivable securitization program, increasing the committed facility from $1.75 billion to $2 billion and adding a $250 million uncommitted tranche. The maturity date was extended from September 2026 to August 2027, providing additional liquidity flexibility and runway into the next fiscal year.
Tone: neutralRevenue
$132.4B
PSX 10-K · FY 2025
Revenue FY2023
$143.2B
Headquarters
Houston, TX
Profile
PSX 10-K Item 1 · Feb 20, 2026Phillips 66 is a leading integrated downstream energy company operating across Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels segments. The company processes crude oil and renewable feedstocks into refined petroleum products, petrochemicals, plastics, and renewable fuels. It also operates natural gas gathering, processing, and NGL transportation infrastructure.
Read filing description ↓ Collapse description ↑
Phillips 66 is uniquely positioned as a leading integrated downstream energy provider operating with Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels segments. The Midstream segment includes Transportation and NGL businesses, with the Transportation business containing fee-based operations not directly exposed to commodity price risk and the NGL business containing both fee-based operations and operations directly impacted by NGL and natural gas prices. The Chemicals segment consists of a 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem), operating in a commodity-based industry where margins are based on supply and demand as well as cost factors. The Refining segment results are driven by market crack spreads, refinery throughput, feedstock costs, product yields, turnaround activity, and other operating costs. The M&S segment depends largely on marketing fuel and lubricant margins and sales volumes of refined products. The Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at the Humber Refinery, and includes global activities to procure renewable feedstocks and manage certain regulatory credits. The company is focused on world-class operations, disciplined growth and returns, financial strength and flexibility, and shareholder returns through its strategic priorities through year-end 2027.
Primary products
- Refined petroleum products
- Petrochemical and plastics products
- Renewable fuels
- Natural gas liquids (NGL)
- Lubricants
- Marketing fuels
Business segments
End markets
Geographies
“Phillips 66 is uniquely positioned as a leading integrated downstream energy provider operating with Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels segments.” Competitive position, as stated in the filing
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