Refiner Phillips 66 joins rivals in posting sky-high profit - Reuters

Reuters | Jan. 31, 2023, 7:06 a.m. | Original
  • Companies

Jan 31 (Reuters) - Phillips 66 (PSX.N) on Tuesday became the latest refiner to post bumper quarterly profit, as higher fuel demand boosted margins.

The Houston, Texas-based refiner's earnings stood at $1.9 billion, or $3.97 per share, for the three months ended Dec. 31, compared with $1.3 billion, or $2.88 per share, a year earlier.

Reporting by Arunima Kumar in Bengaluru Editing by Vinay Dwivedi

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