Phillips 6610-Q: Litigation materialApr 29, 2026

Faces $833M final judgment in Propel Fuels trade secret lawsuit

What happened

A court entered a final judgment of $833 million against Phillips 66 for misappropriating trade secrets. The company is appealing, but this massive potential liability creates significant financial pressure and may impact budget availability for other strategic projects.

Source

SEC EDGARApr 29, 2026

Quarterly report (Form 10-Q)

Phillips 66 10-Q

Filing excerpt

On August 5, 2025, the Propel Court entered a final judgment against Phillips 66 Company in the amount of $833 million.

sec.gov/Archives/edgar/data/1534701/000153470126000022/psx-20260331.htmRead the full source

Other signals in this filing (6)

Competitor namedPhillips 66 faces $833M judgment in lawsuit from renewable fuels company Propel FuelsCompetitor namedApr 29, 2026
Manufacturing issuePSX implementing two EPA consent decrees for Clean Air Act violations at U.S. refineries.Manufacturing issueApr 29, 2026
Margin pressureCommodity volatility creates potential $647M pre-tax income swingMargin pressureApr 29, 2026
Inflation impactPSX reports increased financial risk (VaR) from commodity price volatility, with a potential $647M impact.Inflation impactApr 29, 2026
Compliance burdenImplementing two EPA consent decrees for Clean Air Act violations at U.S. refineriesCompliance burdenApr 29, 2026
Debt refinancingEntered new Term Loan Credit Agreement with Mizuho Bank in March 2026Debt refinancingApr 29, 2026

Extracted by Autobound

From the Signal API record

Signal: 10-Q: Litigation material

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

Fiscal year end: 03/31
Filed: Apr 29, 2026

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The full record

From the Signal API record

Numbers

Dollar figure: $833M (Final judgment amount in Propel Fuels lawsuit, including compensatory damages, exemplary damages, and pre-judgment interest.)

Details

CIK: 1534701
Accession number: 0001534701-26-000022
Timeframe: Current year
Filing year: 2026
Fiscal year: 0
Why it matters: Legal tech opportunity
Signal category: Risk

Topics and mentions

Competitors

Propel Fuels
Inc.

Competitors named

Propel Fuels, Inc.

Extraction

Confidence: High
Relevance: 90%
Sentiment: Negative
Detected: May 5, 2026
signal_type: sec-10q
signal_subtype: litigationMaterial

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This page shows a preview. The full sec-10q 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

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Show the full JSONThe record on this page and the API request

GET /v1/signals/04ab7a74-c210-489f-ae26-e266623c5634 returns this record as JSON. POST /v1/companies/enrich returns every signal for phillips66.com.

{
  "signal_id": "04ab7a74-c210-489f-ae26-e266623c5634",
  "signal_type": "sec-10q",
  "signal_subtype": "litigationMaterial",
  "detected_at": "2026-05-05T08:48:22.822+00:00",
  "company": {
    "name": "Phillips 66",
    "domain": "phillips66.com"
  },
  "data": {
    "detail": "A court entered a final judgment of $833 million against Phillips 66 for misappropriating trade secrets. The company is appealing, but this massive potential liability creates significant financial pressure and may impact budget availability for other strategic projects.",
    "metrics": {
      "timeframe": "current_year",
      "dollar_context": "Final judgment amount in Propel Fuels lawsuit, including compensatory damages, exemplary damages, and pre-judgment interest.",
      "dollar_millions": 833
    },
    "summary": "Faces $833M final judgment in Propel Fuels trade secret lawsuit",
    "excerpts": "On August 5, 2025, the Propel Court entered a final judgment against Phillips 66 Company in the amount of $833 million.",
    "relevance": 0.9,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1534701/000153470126000022/psx-20260331.htm",
    "filing_date": "2026-04-29",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "03/31",
    "sales_relevance": "Legal tech opportunity",
    "signal_category": "risk",
    "competitors_mentioned": [
      "Propel Fuels, Inc."
    ]
  }
}

curl https://signals.autobound.ai/v1/signals/04ab7a74-c210-489f-ae26-e266623c5634 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"phillips66.com","limit":20}'

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