Complete the Rodeo Renewed renewable fuels facility
Delivered after the deadline (122 days after 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
- 30 Oct 2020
- Due
- 31 Mar 2024
- Delivered
- 31 Jul 2024
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Upon expected completion in early 2024, the facility would have over 50,000 BPD, or 800 million gallons per year, of renewable fuel production capacity”
What we found
Evidence strength A What the grades mean
The April 2024 10-Q showed 30,000 BPD of capacity and a target of end-Q2 2024 for 50,000 BPD. The July 2024 10-Q reported completion, so the March 2024 deadline was missed.
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A Phillips 66 10-Q filed 2024-04-29
“having 30,000 barrels per day of renewable fuels production capacity. The Rodeo Renewable Energy Complex is on track to increase production capacity to 50,000 barrels per day (800 million gallons per year)” ✓ confirmed on the page
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A Phillips 66 10-Q filed 2024-07-31
“We completed the conversion of our San Francisco Refinery in Rodeo, California, into the Rodeo Renewable Energy Complex (RREC)” ✓ confirmed on the page
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A Phillips 66 10-Q filed 2024-07-31
“The RREC processes approximately 50,000 barrels per day of renewable feedstocks into renewable fuels” ✓ confirmed on the page
Market reaction: the shares moved -5.8% against the S&P 500 over the three sessions around the disclosure (26 Apr 2024 to 1 May 2024). What this measures
Checked 16 Oct 2026.
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
- Complete
- Deliverable
- Rodeo Renewed renewable fuels facility
- Target
- 50,000 BPD
- Where
- California
- 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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Report an error in this entry Reference: KI-C-2020-PSX-010171 · Corrections policy