Phillips 66 Shows Strong Quarterly Results

May 5, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Refining, midstream and chemical company Phillips 66 (NYSE:PSX) (Houston, Texas) showed strong operational results in the recently completed first quarter of 2023, boosting net income to $2 billion from $582 million in the corresponding period of 2022. A substantial portion of the year-over-year gains came from the company's Refining segment, which saw strong margins and substantially boosted its operational income from the prior year.

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