PSX · 8-K · 20260805PR000030
Propel Fuels Litigation
Phillips 66 · 2026-08-05 · Importance 40 · Surprise 42 · In source text
Phillips 66 recorded an $85 million legal accrual in the first six months of 2026, including $65 million in the second quarter and $20 million in the first quarter. The accrual primarily related to ongoing litigation with Propel Fuels, Inc. The release allocated $24 million of the second-quarter accrual to Refining and $41 million to Marketing and Specialties, with the remaining amount reflected in consolidated adjustments.
Key facts
- Legal accrual primarily related to ongoing litigation with Propel Fuels, Inc. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | realized | — | Legal accrual primarily related to ongoing litigation with Propel Fuels, Inc. |