HOUSTON — Phillips 66 (PSX) on Thursday reported fourth-quarter profit of $1.15 billion.
The Houston-based company said it had net income of $2.05 per share. Earnings, adjusted for non-recurring gains, were $1.63 per share.
The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The oil refiner posted revenue of $35.61 billion in the period.
Phillips 66 shares have dropped nearly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has declined almost 3 percent. The stock has declined almost 9 percent in the last 12 months.
Keywords: Phillips 66, Earnings Report