Complete the Sweeny Hub NGL expansion project

Delivered by the deadline

AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.

Announced: 27 Jul 2018
Due: 31 Dec 2020

Deadline
Met
Late
Not met
Today

What the company said

“Upon completion of the expansion, expected in late 2020, the Sweeny Hub will have 400,000 BPD of fractionation capability”

SourcePhillips 66 Form 8-K press release, 2018-07-27
FilingSEC filing index
Deadline as statedlate 2020
Deadline used31 Dec 2020, the last day of the stated period
TypeProject
Permanent referenceKI-C-2018-PSX-010091
Cite as https://keptindex.org/c/KI-C-2018-PSX-010091/ — this address never changes.

What we found

Evidence strength A What the grades mean

Later 10-K and 10-Q filings state Fracs 2 and 3 were completed and started up during 2020, bringing Sweeny Hub fractionation capacity to 400,000 BPD.

A
Phillips 66 10-K filed 2021-02-24 Regulatory filing · published 24 Feb 2021 · retrieved 15 Oct 2026 · kept permanently by the SEC
“During 2020, Phillips 66 completed two new 150,000 BPD fractionators at the Sweeny Hub, bringing the site’s total fractionation capacity to 400,000 BPD.” ✓ confirmed on the page
A
Phillips 66 10-K filed 2021-02-24 Regulatory filing · published 24 Feb 2021 · retrieved 15 Oct 2026 · kept permanently by the SEC
“During 2020, Phillips 66 commenced operations of two new NGL fractionators (Frac 2 and Frac 3) at the Sweeny Hub in Texas.” ✓ confirmed on the page
A
Phillips 66 10-Q filed 2021-10-29 Regulatory filing · published 29 Oct 2021 · retrieved 15 Oct 2026 · kept permanently by the SEC
“The increase in the third quarter of 2021 also reflects higher fractionation volumes from the startup of Fracs 2 and 3 at the Sweeny Hub in late 2020.” ✓ confirmed on the page

Market reaction: the shares moved -1.1% against the S&P 500 over the three sessions around the disclosure (23 Feb 2021 to 26 Feb 2021). What this measures

Checked 15 Oct 2026.

Commitment lineage

Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.

Deadline drift +181 days
Scope drift -62.5%
2 versions

Version 1 · original · stated 27 Jul 2018

Deadline 31 Dec 2020 (“late 2020”) · target 400,000 BPD · wording expected
Version 2 · stated 26 Jul 2019

Deadline 30 Jun 2021 (“the second quarter of 2021”) · target 150,000 BPD · wording expected

“build a fourth fractionator with 150,000 BPD of capacity that is expected to be completed in the second quarter of 2021”
Source for this version

Commitment DNA

The structured record of this commitment. Fields the company did not state are left blank rather than guessed.

Event type: Construction
Indicative materiality: Medium rules
Action: Complete
Deliverable: Sweeny Hub NGL expansion
Target: 400,000 BPD
Where: Texas
Language: Expected (“expects”, “plans”)
In the company’s control: High
Specificity: High
Conditional: Yes

How this entry was checked

Commitment recordedThe company's words were matched word for word against the filing.
First checkAn AI model, Claude (Anthropic), read the company's later filings and recorded the outcome with a quoted passage.
Second check: agreesA different AI model, Gemini (Google), re-read the evidence without being told the outcome and reached the same answer.

Confirmed. This outcome counts towards the company's Kept Score. How verification works

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