Phillips 66: Q4 Loss Worse Than Forecast
Phillips 66 delivered a substantial miss on earnings due to changing market conditions and strategic shifts.
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Phillips 66 Q4 Profit Plunges, Shares Fall on Weak Refining Margins
(Reuters) -Phillips 66 fourth-quarter profit plummeted to $8 million from $1.26 billion last year, hurt by tumbling refining margins, sending shares of the U.S. refiner down 3.2% in morning trade.