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Phillips 6610-Q: Competitor named

Phillips 66 faces $833M judgment in lawsuit from competitor Propel Fuels over trade secrets.

What happened

A final judgment of $833 million was entered against Phillips 66 for misappropriating trade secrets from renewable fuels competitor Propel Fuels during due diligence. This massive legal and financial liability creates significant pressure to review and strengthen internal controls, data security, and M&A processes.

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)

Extracted by Autobound

From the Signal API record
Signal
10-Q: Competitor named

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

Fiscal year end
06/30
Filed
Aug 5, 2026

More 10-Q signals at other companies

The full record

From the Signal API record

Numbers

Dollar figure
$833M (Final judgment amount in Propel Fuels lawsuit)

Details

CIK
1534701
Accession number
0001534701-26-000032
Filing year
2026
Fiscal year
0
Why it matters
Competitive intelligence
Signal category
Market

Topics and mentions

Technologies

  • renewable fuels

Competitors

  • Propel Fuels
  • Inc.

Competitors named

  • Propel Fuels, Inc.

Extraction

Confidence
High
Relevance
95%
Sentiment
Negative
Detected
Aug 11, 2026
signal_type
sec-10q
signal_subtype
competitorNamed

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The API returns more than this page shows

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

GET /v1/signals/0cf32b40-5216-499f-a773-9be08e25fd41 returns this record as JSON. POST /v1/companies/enrich returns every signal for phillips66.com.

{
  "signal_id": "0cf32b40-5216-499f-a773-9be08e25fd41",
  "signal_type": "sec-10q",
  "signal_subtype": "competitorNamed",
  "detected_at": "2026-08-11T08:04:32.985+00:00",
  "company": {
    "name": "Phillips 66",
    "domain": "phillips66.com"
  },
  "data": {
    "detail": "A final judgment of $833 million was entered against Phillips 66 for misappropriating trade secrets from renewable fuels competitor Propel Fuels during due diligence. This massive legal and financial liability creates significant pressure to review and strengthen internal controls, data security, and M&A processes.",
    "metrics": {
      "dollar_context": "Final judgment amount in Propel Fuels lawsuit",
      "dollar_millions": 833
    },
    "summary": "Phillips 66 faces $833M judgment in lawsuit from competitor Propel Fuels over trade secrets.",
    "excerpts": "On August 5, 2025, the Propel Court entered a final judgment against Phillips 66 Company in the amount of $833 million.",
    "relevance": 0.95,
    "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": "Competitive intelligence",
    "signal_category": "market",
    "competitors_mentioned": [
      "Propel Fuels, Inc."
    ],
    "technologies_mentioned": [
      "renewable fuels"
    ]
  }
}

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