Close the acquisition of the remaining 50% interest in WRB Refining LP
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
- 9 Sep 2025
- Due
- 31 Dec 2025
- Delivered
- 1 Oct 2025
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The transaction is expected to close during the fourth quarter of 2025.”
What we found
Evidence strength A What the grades mean
Phillips 66 successfully closed the acquisition of the remaining 50% interest in WRB Refining LP on October 1, 2025, which falls within the fourth quarter of 2025.
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A Phillips 66 10-K filed 2026-02-20
“On October 1, 2025, we acquired the remaining 50% equity interest in WRB Refining LP (WRB) from subsidiaries of Cenovus Energy Inc. (Cenovus) for total cash consideration of $1.3 billion” ✓ confirmed on the page
Market reaction: the shares moved -0.3% against the S&P 500 over the three sessions around the disclosure (19 Feb 2026 to 24 Feb 2026). What this measures
Checked 17 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
- remaining 50% interest in WRB Refining LP
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to customary purchase price adjustments
- 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, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), 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-2025-PSX-010249 · Corrections policy