COVID Stimulus Watch Individual Entry
Recipient Company:
Phillips 66 Partners Lp
Loan or Loan Guarantee Amount:
$2,069,484
Recipient Details
Ownership Structure: publicly traded (ticker symbol NYSE: PSX)
Award Details
Award Date: Jun 28, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Phillips 66
Headquartered in: Texas
Parent Sector: oil and gas
Parent Industry: oil & gas
Employees (prior to pandemic): 14,500
Accountability Issues Since 2010
Employment-related Penalties: $5,765,804
Good Jobs First has no data in this category
Environmental / Healthcare / Safety Penalties: $66,078,815
Consumer Protection / Financial / Competition-related Penalties: $3,719,900
Ratio of CEO Pay to that of Median Worker: 169 to 1
CEO Compensation: $31,927,081
Worker Median Pay: $188,738
Total Federal, State, and Local Subsidies: $169,335,514
Federal Corporate Income Tax Rate: 13.5%
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Contracting Issues