Complete storage capacity expansion at Clemens Caverns
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
“Upon completion in the fourth quarter of 2020, Clemens Caverns will have 15 million barrels of storage capacity”
What we found
Evidence strength A What the grades mean
The FY2020 10-K reports Clemens Caverns storage expansion was completed in Q2 2020, to 16.5 million barrels, before the Q4 2020 deadline.
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A Phillips 66 10-K filed 2021-02-24
“During the second quarter of 2020, Phillips 66 Partners completed the expansion of storage capacity at Clemens Caverns from 9 million barrels to 16.5 million barrels.” ✓ 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 DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Capacity change
- Indicative materiality
- Medium rules
- Action
- Complete
- Deliverable
- Clemens Caverns storage capacity
- Target
- 15 million barrels
- Where
- Texas
- Language
- Firm (“will”, “on track to”)
- 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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Report an error in this entry Reference: KI-C-2019-PSX-010121 · Corrections policy