Phillips 66 quarterly profit beats on higher refining margins

09 February 2019, News Wires — U.S. refiner Phillips 66 posted a better-than-expected profit on Friday as access to low-cost crude oil from U.S. shale basins and Canada boosted its refining margins, sending its shares up 5 percent in premarket trading. Tight pipeline capacity in the U.S. shale basins and Canada has pushed the price of … More »