COVID Stimulus Watch Individual Entry

Recipient Company:

Phillips 66 Partners LP

Loan or Loan Guarantee Amount:

$2,073,718

Recipient Details

Ownership Structure: publicly traded (ticker symbol NYSE: PSX)

Award Date: Aug 10, 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:

Parent Company: Phillips 66

Headquartered in: Texas

Parent Sector: oil and gas

Parent Industry: oil & gas

Employees (prior to pandemic): 14,500

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%