On August 20, 2026, Phillips 66 amended its accounts receivable securitization program via the Fifth Amendment to Receivables Purchase and Financing Agreement. The amendment establishes an uncommitted facility of up to $250 million, increases the maximum committed facility size from $1.75 billion to $2 billion, and extends the maturity date from September 28, 2026, to August 19, 2027. Phillips 66 operates in the energy sector, specifically refining, marketing, and transporting crude oil and petroleum products.

Phillips 66 reported second-quarter 2026 earnings of $3.8 billion, or $9.55 per diluted share, compared to $207 million in the first quarter. Adjusted earnings were $3.8 billion, or $9.41 per diluted share. The company reduced total debt by $6.6 billion to $20.6 billion and net debt to $16.5 billion. Operating highlights included 96% crude capacity utilization, record NGL fractionation volumes, and full production at the Dos Picos II gas plant. Phillips 66 is an integrated downstream energy provider that manufactures, transports, and markets petroleum products, chemicals, and renewable fuels.