Phillips 66 Posts High Quarterly Earnings With Many Projects on the Way

SUGAR LAND--July 30, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--By all accounts, energy major Phillips 66 (NYSE:PSX) (Houston, Texas) had a good second quarter this year, posting net earnings of $1.3 billion, compared with $569 million in the second quarter of 2017. The company's holdings in midstream companies Phillips 66 Partners (NYSE:PSXP) and DCP Midstream LP (NYSE:DPM) (Denver, Colorado) gave a boost to income, as did its refining segment, which boasted 100% capacity utilization during the quarter and brought in net income of $910 million.

Within this article: Details of Phillips 66 projects

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