Phillips 66 Ordered to Pay $195 Million in Exemplary Damages to Propel Fuels in Ongoing Legal Battle

Reuters

08/07

<a href="https://laohu8.com/S/PSX">Phillips 66</a> Ordered to Pay $195 Million in Exemplary Damages to Propel Fuels in Ongoing Legal Battle

Phillips 66 Company is currently embroiled in a legal battle following a lawsuit brought by Propel Fuels Inc. The Superior Court of the State of California, Alameda County, recently ordered Phillips 66 to pay $195 million in exemplary damages to Propel Fuels, in addition to $604.9 million in compensatory damages previously awarded by a jury verdict in October 2024. The lawsuit centers around allegations made by Propel Fuels, which Phillips 66 denies, asserting that the exemplary damages are neither legally nor factually justified. Phillips 66 plans to contest the decision and pursue post-judgment remedies, including an appeal, though the outcome of these efforts remains uncertain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-174520), on August 06, 2025, and is solely responsible for the information contained therein.

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The Superior Court of the State of California, Alameda County, recently ordered Phillips 66 to pay $195 million in exemplary damages to Propel Fuels, in addition to $604.9 million in compensatory damages previously awarded by a jury verdict in October 2024. The lawsuit centers around allegations made by Propel Fuels, which Phillips 66 denies, asserting that the exemplary damages are neither legally nor factually justified. Phillips 66 plans to contest the decision and pursue post-judgment remedies, including an appeal, though the outcome of these efforts remains uncertain.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-174520), on August 06, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BSNM7G36.USD","symbol_name":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250806:nNDL3xxpbM:1","article_id":"2557307258","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557307258","pubTimestamp":1754512630,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Phillips 66 Company is currently embroiled in a legal battle following a lawsuit brought by Propel Fuels Inc. 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The Superior Court of the State of California, Alameda County, recently ordered Phillips 66 to pay $195 million in exemplary damages to Propel Fuels, in addition to $604.9 million in compensatory damages previously awarded by a jury verdict in October 2024. The lawsuit centers around allegations made by Propel Fuels, which Phillips 66 denies, asserting that the exemplary damages are neither legally nor factually justified. Phillips 66 plans to contest the decision and pursue post-judgment remedies, including an appeal, though the outcome of these efforts remains uncertain.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips 66 published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-174520), on August 06, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}