Phillips 66 earnings up again in Q2

Houston-based Phillips 66 (NYSE: PSX) reported second-quarter earnings on Aug. 1 that increased by about 11 percent year over year and beat analysts’ expectations.

This is the second quarter in a row that the company reported an increase in earnings, following a “disappointing” fourth quarter.

Phillips 66 reported consolidated earnings of $550 million, or $1.06 per share, up from $496 million, or 93 cents per share, in the second quarter of 2016. Adjusted earnings were up 14 percent, rising to…

Phillips 66 earnings up again in Q2 syndicated post

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