Refiner Phillips 66 quarterly profit jumps on strong fuel demand

FILE PHOTO: FILE PHOTO: The Phillips 66 gas station in Superior

(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)

Related posts

ISIS Agent from Minnesota Pleads Guilty to Helping Terrorist Organization

NJ Israel Commission demands release of hostages as Gaza war reaches 700 days

Mikie Sherrill says she’s innocent, but won’t show anyone the file that could prove it