US EditionPhillips 66 Beats Second-Quarter Profit Estimates on Higher Refining Margins – Oil & Gas 360
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Phillips 66 beats second-quarter profit estimates on higher refining margins – Oil & Gas 360
(BOE Report)– Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses. Top U.S. refiners were expected to post higher second-quarter profit, rebounding from losses in the prior quarter as stronger-than-expected diesel margins lifted earnings. The improved margins helped peers such as Valero Energy surpass Wall Street estimates. Fuelmakers have seen an un
·Denver, United States
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