Phillips 66 Profit Rises as Oil Market Downturn Lowers Costs

  • Shares surge to all-time high on jump in refining profits
  • Refining 'healthiest' segment of energy: Raymond James

Phillips 66, the largest U.S. refiner by market value, said profit rose as the worst oil market in decades continues to benefit companies that turn the crude into fuel.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.