Phillips 66 (PSX) Risk Factors
EnergyLatest 10-K filed Feb 20, 2026Source: SEC EDGAR
WealthWire extracted and classified 39 risk factors from Phillips 66’s latest SEC filing, mapping each to a standardized risk taxonomy so they can be compared across every company and sector. The breakdown below shows how those disclosures distribute across risk categories.
ESG & reputation
13 factorsOperations & people
7 factorsFinancial
6 factorsLegal & regulatory
6 factorsMarket & business
5 factorsTechnology
2 factorsRecent key developments
Concrete developments — dated events, named agreements and instruments, legal proceedings — that Phillips 66 surfaced in its latest filing.
- California Senate Bill No. 2 (SBx 1-2) authorizes a maximum gross gasoline refining margin and penalty for profits above it.
- California Assembly Bill 398 directs cap-and-trade parameters post-2020 to meet 40% GHG reduction from 1990 levels by 2030 under Senate Bill 32.
- California Air Resources Board 2022 regulations ban in-state sales of new internal-combustion-engine cars starting 2035.2035
- California Air Resources Board 2022 Scoping Plan targets carbon neutrality by 2045.2045
- Vermont Climate Superfund Act passed in 2024 seeks financial damages from fossil fuel companies.2024
- January 2026 presidential memorandum directs U.S. withdrawal from international climate treaties.January 2026
- Cities, counties, and other governmental entities in several U.S. states began filing lawsuits against Phillips 66 in 2017 seeking unspecified damages and abatement under various tort theories.2017
- Chevron can buy Phillips 66's 50% interest in CPChem for fair market value if credit ratings fall below investment grade and stay there for 365 days.
- In connection with our separation from ConocoPhillips in 2012, we entered into an Indemnification and Release Agreement.2012
Go deeper on PSX
This page shows the category breakdown of the latest filing. The WealthWire API and dashboard add the full risk-factor text, multi-year trends, sector comparisons, and CSV export — for PSX and every other S&P 500 company.