Refiner Phillips 66 joins rivals in posting sky-high profit

[January 31, 2023]  (Reuters) - Phillips 66 on Tuesday became the latest refiner to post bumper quarterly profit, as higher fuel demand boosted margins.  

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

The Houston, Texas-based refiner's earnings stood at $1.9 billion, or $3.97 per share, for the three months ended Dec. 31, compared with $1.3 billion, or $2.88 per share, a year earlier.

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

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