Phillips 66 has strengthened its liquidity position by amending its receivables financing structure. On September 29, 2025, its subsidiary Phillips 66 Company executed the Third Amendment to its Receivables Purchase and Financing Agreement (RPFA), originally established in September 2024. The changes boost the maximum facility size from $1 billion to $1.25 billion and extend the program’s maturity date by one year, to September 28, 2026.