Refiner Phillips 66 quarterly profit jumps on strong fuel demand

[November 01, 2022]  (Reuters) - Phillips 66 reported a jump in quarterly profit on Tuesday, as the refiner benefited from surging fuel demand and tight energy supplies.

The Phillips 66 gas station in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking

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)

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