Risk factors

Phillips 66 (PSX) risk factors

Item 1A of every Phillips 66 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2025 10-K risk factors
    34 risks1 new1 dropped4 reworded

    Cybersecurity is newly framed as a risk to operations, finances and reputation, including through cloud providers and ransomware.

    Filed Feb 20, 2026
  • FY2024 10-K risk factors
    34 risks

    Phillips 66's risk profile centers heavily on commodity price volatility, refining margins, environmental regulations, and energy transition execution.

    Filed Feb 21, 2025