Phillips 66 4th-quarter profit higher

Wed Jan 29, 2014 8:30am EST

(Reuters) - U.S. refining company Phillips 66 (PSX.N) said on Wednesday its fourth-quarter profit rose, helped by stronger results in its transportation and processing and chemicals businesses.

The Houston company had a quarterly profit of $826 million, or $1.37 per share, compared with $708 million, or $1.11 per share in the same quarter a year earlier.

(Reporting by Anna Driver; Editing by Jeffrey Benkoe)

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