Close the acquisition of DCP Midstream
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
- 6 Jan 2023
- Due
- 30 Jun 2023
- Delivered
- 15 Jun 2023
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close in the second quarter of 2023, subject to customary closing conditions.”
What we found
Evidence strength A What the grades mean
The company's 10-Q for Q2 2023 reports completing the DCP LP merger on June 15, 2023, before the June 30 deadline.
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A Phillips 66 10-Q filed 2023-08-04
“On June 15, 2023, we completed the acquisition of all publicly held common units of DCP LP pursuant to the terms of the Agreement and Plan of Merger, dated as of January 5, 2023 (DCP LP Merger Agreement).” ✓ confirmed on the page
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A Phillips 66 10-K filed 2024-02-21
“On June 15, 2023, we completed the acquisition of all publicly held common units of DCP LP pursuant to the terms of the Agreement and Plan of Merger, dated as of January 5, 2023 (DCP LP Merger Agreement).” ✓ confirmed on the page
Market reaction: the shares moved +2.1% against the S&P 500 over the three sessions around the disclosure (3 Aug 2023 to 8 Aug 2023). 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
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Acquisition of DCP Midstream
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to customary closing conditions
- Depends on
- Regulatory, Counterparty
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-2023-PSX-010217 · Corrections policy