Diversification Pays Off for Phillips 66

SUGAR LAND--August 4, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Phillips 66 (NYSE:PSX) (Houston, Texas) proved that diversification pays off for midstream operators and refiners in its second-quarter 2021 earnings results, where pipelines and chemicals provided the core of the company's income, while its refining segment reported a net loss, although narrowed from the first quarter. Other companies featured: Chevron Corporation (NYSE:CVX)