Complete the expansion of propylene splitter capacity at Cedar Bayou

Delivered by the deadline

AI-assessed · human review in progress Found and assessed by AI from the cited sources. Shown with its evidence; it is not counted in any Kept Score until confirmed.

Announced: 31 Jan 2023
Due: 31 Dec 2023

Deadline
Met
Late
Not met
Today

What the company said

“expansion of propylene splitter capacity at its Cedar Bayou facility. Both projects are expected to start up in the second half of 2023.”

SourcePhillips 66 Form 8-K press release, 2023-01-31
FilingSEC filing index
Deadline as statedin the second half of 2023
Deadline used31 Dec 2023, the last day of the stated period
TypeFacility
Permanent referenceKI-C-2023-PSX-010220
Cite as https://keptindex.org/c/KI-C-2023-PSX-010220/ — this address never changes.

What we found

Evidence strength A What the grades mean

Later filings state CPChem completed construction and began operations of a 1 billion pounds per year propylene splitter at Cedar Bayou in the fourth quarter of 2023, within the second-half 2023 window.

A
Phillips 66 8-K filed 2024-01-31 Regulatory filing · published 31 Jan 2024 · retrieved 15 Oct 2026 · kept permanently by the SEC
“In Chemicals, CPChem completed construction and began operations of a 1 billion pounds per year propylene splitter at its Cedar Bayou facility in the fourth quarter.” ✓ confirmed on the page
A
Phillips 66 10-K filed 2024-02-21 Regulatory filing · published 21 Feb 2024 · retrieved 15 Oct 2026 · kept permanently by the SEC
“CPChem completed construction and began operations of a 1 billion pounds per year propylene splitter at its Cedar Bayou facility in the fourth quarter of 2023.” ✓ confirmed on the page

Market reaction: the shares moved +1.4% against the S&P 500 over the three sessions around the disclosure (30 Jan 2024 to 2 Feb 2024). 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 31 Jan 2023

Deadline 31 Dec 2023 (“in the second half of 2023”) · wording expected
Version 2 · stated 2 Aug 2023

Deadline 31 Dec 2023 (“in the fourth quarter”) · target 1 billion pounds per year · wording expected

“the 1 billion pounds per year propylene splitter capacity expansion project is expected to start up in the fourth quarter”
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: Capacity change
Indicative materiality: Medium rules
Action: Complete
Deliverable: Propylene splitter capacity expansion
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.

Not yet confirmed. Shown on the record, but it will not count in any score until it is confirmed. How verification works

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