U.S refiner Phillips 66’s profit beats on higher refining margins

27 October 2018, News Wires — Phillips 66 beat analysts’ estimates for third-quarter profit on Friday, as it benefited from higher refining margins, sending shares of the independent oil refiner up as much as 5.4 percent in late-afternoon trading. Margins for most independent U.S. refiners, which processes heavy crude from countries such as Venezuela and Canada … More »