Start up NGL fractionators 2 and 3 at Sweeny Hub

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: 26 Jul 2019
Due: 31 Dec 2020

Deadline
Met
Late
Not met
Today

What the company said

“Fracs 2 and 3, each with capacity of 150,000 BPD, are anticipated to start up in the fourth quarter of 2020”

SourcePhillips 66 Form 8-K press release, 2019-07-26
FilingSEC filing index
Deadline as statedthe fourth quarter of 2020
Deadline used31 Dec 2020, the last day of the stated period
TypeFacility
Permanent referenceKI-C-2019-PSX-010120
Cite as https://keptindex.org/c/KI-C-2019-PSX-010120/ — this address never changes.

What we found

Evidence strength A What the grades mean

Later filings state that Fracs 2 and 3 at Sweeny Hub commenced operations during 2020, in late 2020, meeting the year-end 2020 deadline.

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
A
Phillips 66 10-K filed 2022-02-18 Regulatory filing · published 18 Feb 2022 · retrieved 15 Oct 2026 · kept permanently by the SEC
“We completed two NGL fractionators (Sweeny Fracs 2 and 3) which commenced operations in 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.

2 versions

Version 1 · original · stated 26 Jul 2019

Deadline 31 Dec 2020 (“the fourth quarter of 2020”) · target 150,000 BPD · wording expected
Version 2 · stated 31 Jan 2020

Deadline 31 Dec 2020 (“the fourth quarter of 2020”) · target 2 fractionators · wording expected

“Fracs 2 and 3 are anticipated to start up in the fourth quarter of 2020.”
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: Facility other
Indicative materiality: Medium rules
Action: Start
Deliverable: NGL fractionators 2 and 3
Target: 150,000 BPD
Where: Texas
Language: Expected (“expects”, “plans”)
In the company’s control: High
Specificity: High

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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