October 31, 2012 / 12:20 PM / 5 years ago

Phillips 66 quarterly profit rises

1 Min Read

Oct 31 (Reuters) - Phillips 66 on Wednesday reported a higher quarterly profit as the U.S. refining company spun off from ConocoPhillips earlier this year benefited from processing lower-cost crude oil.

The Houston company had a third-quarter profit of $1.6 billion or $2.51 per share, compared with $1 billion or $1.65 per share a year earlier.

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