Refiner Phillips 66 quarterly profit jumps on strong fuel demand

(Reuters) – Phillips 66 reported a jump in quarterly profit on Tuesday, as the refiner benefited from surging fuel demand and tight energy supplies.

The Houston, Texas-based company reported earnings of $5.4 billion, or $11.16 per share, for the three months ended Sept. 30, up from $402 million, or 91 cents per share, a year earlier.

(Reporting by Arunima Kumar in Bengaluru; Editing by Vinay Dwivedi)