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Phillips 6610-K: Market share loss

Faces competitive disadvantage against integrated rivals who produce their own feedstocks.

What happened

Unlike some competitors, Phillips 66 does not produce its own crude oil, making it more vulnerable to feedstock shortages and price volatility. Integrated competitors can offset refining losses with production profits, giving them a significant advantage during periods of depressed margins.

Source

SEC EDGARFeb 20, 2026

Annual report (Form 10-K)

Phillips 66 10-K for FY2025

Filing excerpt

We do not produce any of our crude oil feedstocks. Some of our competitors, however, obtain a portion of their feedstocks from their own production and some have more extensive retail outlets than we have.

sec.gov/Archives/edgar/data/1534701/000153470126000006/psx-20251231.htmRead the full source

Other signals in this filing (8)

Extracted by Autobound

From the Signal API record
Signal
10-K: Market share loss

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 20, 2026

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The full record

From the Signal API record

Details

CIK
1534701
Accession number
0001534701-26-000006
Timeframe
Multi year
Filing year
2026
Why it matters
Urgency to improve

Extraction

Confidence
High
Relevance
80%
Sentiment
Negative
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
marketShareLoss

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The API returns more than this page shows

This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/0e01c9df-d238-4994-8c9b-95ddc83774ee returns this record as JSON. POST /v1/companies/enrich returns every signal for phillips66.com.

{
  "signal_id": "0e01c9df-d238-4994-8c9b-95ddc83774ee",
  "signal_type": "sec-10k",
  "signal_subtype": "marketShareLoss",
  "detected_at": "2026-02-24T09:21:32.592+00:00",
  "company": {
    "name": "Phillips 66",
    "domain": "phillips66.com"
  },
  "data": {
    "detail": "Unlike some competitors, Phillips 66 does not produce its own crude oil, making it more vulnerable to feedstock shortages and price volatility. Integrated competitors can offset refining losses with production profits, giving them a significant advantage during periods of depressed margins.",
    "metrics": {
      "timeframe": "multi_year"
    },
    "summary": "Faces competitive disadvantage against integrated rivals who produce their own feedstocks.",
    "excerpts": "We do not produce any of our crude oil feedstocks. Some of our competitors, however, obtain a portion of their feedstocks from their own production and some have more extensive retail outlets than we have.",
    "relevance": 0.8,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1534701/000153470126000006/psx-20251231.htm",
    "filing_date": "2026-02-20",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Urgency to improve",
    "signal_category": "market"
  }
}

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