Complete the Sweeny Hub fractionators

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: 31 Jul 2020
Due: 31 Dec 2020
Delivered: October 2020

Deadline
Met
Late
Not met
Today

What the company said

“Upon final completion of the fractionators in the fourth quarter of 2020, the Sweeny Hub will have 400,000 BPD of fractionation capacity.”

SourcePhillips 66 Form 8-K press release, 2020-07-31
FilingSEC filing index
Deadline as statedin the fourth quarter of 2020
Deadline used31 Dec 2020, the last day of the stated period
TypeProject
Permanent referenceKI-C-2020-PSX-010163
Cite as https://keptindex.org/c/KI-C-2020-PSX-010163/ — this address never changes.

What we found

Evidence strength A What the grades mean

The 10-K for 2020 and a January 2021 8-K report that two 150,000 BPD fractionators were completed in 2020, bringing Sweeny Hub capacity to 400,000 BPD, with Frac 3 starting in October 2020.

A
Phillips 66 8-K filed 2021-01-29 Regulatory filing · published 29 Jan 2021 · retrieved 15 Oct 2026 · kept permanently by the SEC
“Frac 2 commenced commercial operations in September, and Frac 3 started operations in October.” ✓ 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 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
“Frac 2 and Frac 3 commenced commercial operations in September 2020 and October 2020, respectively.” ✓ confirmed on the page

Market reaction: the shares moved -4.9% against the S&P 500 over the three sessions around the disclosure (28 Jan 2021 to 2 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 +638 days
Scope drift -62.5%
Language weakened: firm → expected
2 versions

Version 1 · original · stated 31 Jul 2020

Deadline 31 Dec 2020 (“in the fourth quarter of 2020”) · target 400,000 BPD · wording firm
Version 2 · stated 28 Jan 2022

Deadline 31 Dec 2022 (“in the fourth quarter of 2022”) · wording expected

“At the Sweeny Hub, Frac 4 is expected to be completed in the fourth quarter of 2022”
Source for this version
Version 3 · stated 29 Apr 2022

Deadline 30 Sep 2022 (“in the third quarter of 2022”) · target 150,000 BPD · wording expected

“At the Sweeny Hub, Frac 4 is expected to be completed in the third quarter of 2022, adding 150,000 BPD of capacity.”
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: Project other
Indicative materiality: Low rules
Action: Complete
Deliverable: Sweeny Hub fractionators
Target: 400,000 BPD
Where: Sweeny Hub
Language: Firm (“will”, “on track to”)
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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