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