BUZZ-Phillips 66 shares fall after lower Q4 profit
ReutersJan 31, 2025 3:25 PM
Updates
** Refiner Phillips 66's PSX.N shares down 2.3% at 118
** On an adjusted basis, company reports Q4 loss of 15 cents/shr vs estimated loss of 23 cents/shr - LSEG data
* On a reported basis, profit drops to $8 mln vs $1.26 bln due to lower refining margin and weak demand for refined products
** PSX's Q4 refining margin $6.08/bbl vs $13.88/bbl
** Company's shares fell 14% in 2024
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