Risks for PHILLIPS 66 (PSX)

Here are some interesting risks from the recent filings of PHILLIPS 66. Our algorithms work hard to highlight risks unique to this company.

Our operating results and future rate of growth are exposed to the effects of changing commodity prices and refining, marketing and petrochemical margins.

Uncertainty and illiquidity in credit and capital markets can impair our ability to obtain credit and financing on acceptable terms and can adversely affect the financial strength of our business partners.

Climate change may adversely affect our facilities and our ongoing operations.

Domestic and worldwide political and economic developments could affect our operations and materially reduce our profitability and cash flows.

Our operations present hazards and risks, which may not be fully covered by insurance, if insured. If a significant accident or event occurs for which we are not adequately insured, our operations and financial results could be adversely affected.