Phillips 6610-Q: Litigation materialAug 5, 2026

Phillips 66 faces $833M final judgment in Propel Fuels trade secret lawsuit

What happened

A court entered an $833 million final judgment against the company for misappropriating trade secrets related to a renewable fuels business. While the company is appealing, this represents a significant financial liability, a major management distraction, and a potential need for legal and risk management services.

Source

SEC EDGARAug 5, 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/1534701/000153470126000032/psx-20260630.htmRead the full source

Other signals in this filing (6)

Competitor namedPhillips 66 faces $833M judgment in lawsuit from competitor Propel Fuels over trade secrets.Competitor namedAug 5, 2026
Margin pressurePSX faces $350M pre-tax income risk from commodity price volatilityMargin pressureAug 5, 2026
Inflation impactPSX faces $350M pre-tax income risk from a 10% commodity price swingInflation impactAug 5, 2026
Compliance burdenImplementing two Clean Air Act consent decrees across U.S. refineries, facing potential penaltiesCompliance burdenAug 5, 2026
Manufacturing issuePSX implementing two consent decrees for Clean Air Act violations at U.S. refineriesManufacturing issueAug 5, 2026
DivestiturePhillips 66 reports $110M net loss from international asset dispositions in Q2 2026.DivestitureAug 5, 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: 06/30
Filed: Aug 5, 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/exemplary damages and interest.)

Details

CIK: 1534701
Accession number: 0001534701-26-000032
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: 100%
Sentiment: Negative
Detected: Aug 11, 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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GET /v1/signals/c53eb727-49c6-4d9c-bb60-03fb4175eb8b returns this record as JSON. POST /v1/companies/enrich returns every signal for phillips66.com.

{
  "signal_id": "c53eb727-49c6-4d9c-bb60-03fb4175eb8b",
  "signal_type": "sec-10q",
  "signal_subtype": "litigationMaterial",
  "detected_at": "2026-08-11T08:11:07.659+00:00",
  "company": {
    "name": "Phillips 66",
    "domain": "phillips66.com"
  },
  "data": {
    "detail": "A court entered an $833 million final judgment against the company for misappropriating trade secrets related to a renewable fuels business. While the company is appealing, this represents a significant financial liability, a major management distraction, and a potential need for legal and risk management services.",
    "metrics": {
      "dollar_context": "Final judgment amount in Propel Fuels lawsuit, including compensatory/exemplary damages and interest.",
      "dollar_millions": 833
    },
    "summary": "Phillips 66 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": 1,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/1534701/000153470126000032/psx-20260630.htm",
    "filing_date": "2026-08-05",
    "filing_year": 2026,
    "fiscal_year": 0,
    "fiscal_year_end": "06/30",
    "sales_relevance": "Legal tech opportunity",
    "signal_category": "risk",
    "competitors_mentioned": [
      "Propel Fuels, Inc."
    ]
  }
}

curl https://signals.autobound.ai/v1/signals/c53eb727-49c6-4d9c-bb60-03fb4175eb8b \
  -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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