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Form 8-K · Current Report · Filed 2024-09-11

Phillips 66 Announces Issuance of Senior Notes

On September 9, 2024, Phillips 66 Company announced the issuance of $600,000,000 aggregate principal amount of 5.250% Senior Notes due 2031, $600,000,000 aggregate principal amount of 4.950% Senior Notes due 2035, and $600,000,000 aggregate principal amount of 5.500% Senior Notes due 2055.

Filer
Phillips 66 PSX · NYSE
Filed
Accession
0001534701-24-000141
CIK
0001534701
Signal
Medium impactEnergy

Details

These notes are fully and unconditionally guaranteed by Phillips 66 and issued pursuant to the Indenture dated May 5, 2022. The issuance of the Additional 2031 Notes constitutes a further issuance under the Indenture. The proceeds from the issuance will be used for general corporate purposes.

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$126.88

Next session

-0.9%

Since filing

+66.8%

Latest close

$211.68

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from PSX reporting the same item, with the next session's move:

Exhibits (4)

About Phillips 66

Phillips 66 is a renowned American multinational energy company involved in refining, transporting, and marketing petroleum products. Engaging primarily as a downstream sector entity, Phillips 66 operates an extensive network of refineries, pipelines, and retail stations across the globe. The company's main function is to refine crude oil into marketable fuels such as gasoline, diesel, and jet fuel, as well as petrochemical products that serve as building blocks for various industrial applications. Additionally, Phillips 66 is known for its logistics and midstream operations, which include pipelines and trucking services that facilitate efficient energy distribution. The company plays a critical role in the energy sector, impacting industries ranging from transportation to manufacturing. By maintaining a strategic focus on safety, environmental stewardship, and operational excellence, Phillips 66 contributes significantly to the global energy supply chain. Established in 1875 and headquartered in Houston, Texas, Phillips 66 continues to provide essential energy solutions while adapting to evolving market dynamics and sustainability demands.

Exchange NYSE Industry Oil & Gas Refining & Marketing Company website ↗

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