Refiner Phillips 66 posts surprise first-quarter profit

ReutersApr 29, 2026 11:02 AM

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April 29 (Reuters) - Phillips 66 PSX.N posted a surprise first quarter adjusted profit on Wednesday, helped by higher refining margins for its products.

The Houston, Texas-based company reported an adjusted profit of 49 cents per share for the three months ended March 31, compared with analysts' average estimate of a loss of 40 cents per share, according to data compiled by LSEG.

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