Phillips 66 Beats Q1 Estimates by $0.88 Per Share as Refining Margins Surge
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In an earnings season highlighted by a Middle East conflict that has sent oil prices soaring, Texas oil refiner Phillips 66 (NYSE:PSX) has reported first quarter adjusted earnings of $0. 49 per share, easily beating Wall Street's consensus of a loss of $0.
39 while net income came in at $207 million thanks to higher refining margins amid the big oil price rally.
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