Recent events
Recent events tied to this brand in public sources.
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2026
Allied Propane files amended fraud lawsuit against Phillips 66 and Hunt entities
Family-run Allied Propane Service, through Stan Teaderman and Dustin Kaiser, is suing Phillips 66, Hunt & Sons, Hunt Oil of California, Hunt Propane and Joshua and Joseph Hunt in Napa County Superior Court for fraud, concealment, breach of contract and a dozen other causes of action. The amended complaint, filed July 16, 2026, alleges that after Allied entered a joint venture with the Hunts in 2013, the Hunts moved joint-venture assets and customers into Hunt & Sons, which became a wholly owned subsidiary of Phillips 66 (acquisition valued at approximately $272 million), without Allied's approval and in violation of the operating agreement, including Allied's right of first refusal, and that the Hunts continue selling in Allied's Napa and Sonoma coverage area. Allied originally sued in December 2025; after a U.S. district judge remanded the case to state court on July 1, the amended complaint adding several defendants was filed two weeks later. The co-defendants have rejected the accusations, and the Hunts are seeking to compel arbitration, with Judge Cynthia P. Smith scheduled to rule at a Nov. 17 hearing.
2021
Phillips 66 agrees to pay $200,000 in California gasoline-regulation penalties
Phillips 66 agreed to pay $200,000 in penalties over violations of California reformulated gasoline regulations. The California Air Resources Board said the company sold, supplied, or transported noncompliant gasoline for eight days; the article says a batch exceeded aromatics limits. Phillips 66 had paid half of the settlement and agreed to allocate the remainder to an environmental project.
2021
Wetzel's Pretzels announces franchise opportunity with Phillips 66
Wetzel's Pretzels announced a franchise opportunity with the Phillips 66 family of brands, building on locations at 76 convenience stores.
2021
Phillips 66 appoints two independent directors
Phillips 66 appointed Denise R. Cade and Douglas T. Terreson as independent directors, effective July 14, 2021.
2021
Phillips 66 and Southwest Airlines sign sustainable aviation fuel MOU
Phillips 66 and Southwest Airlines signed a memorandum of understanding to advance commercialization of sustainable aviation fuel through public awareness and research and development, and to explore a future supply agreement involving Phillips 66’s Rodeo Renewed project in California.
2021
Phillips 66 invests in Shell Rock Soy Processing
Phillips 66 invested in a planned soybean-processing plant in Iowa, receiving a minority ownership stake in Shell Rock Soy Processing. Phillips 66 also agreed to purchase all of the plant’s soybean oil production for use in renewable fuels.
2021
Southwest signs SAF partnership MoUs with MPC and Phillips 66
Southwest Airlines signed memoranda of understanding with Marathon Petroleum Corporation and Phillips 66 for collaboration that includes the use of commercialized sustainable aviation fuel in Southwest's operations.
2021
Phillips 66 reports fourth-quarter 2020 results
Phillips 66 reported a fourth-quarter 2020 loss of $539 million, or $1.23 per share, and an adjusted loss of $507 million, or $1.16 per share.