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News 2026-08-05 17:10 UTC

Phillips 66 Cashes in on Refining Boom Sparked by Middle East Supply Disruptions

Phillips 66 (NYSE: PSX ) stock traded lower Wednesday despite reporting second-quarter earnings and revenue that topped Wall Street estimates, as a broad selloff in energy stocks and weaker crude oil prices overshadowed the strong results. The company reported adjusted earnings of $9.41 per share, beating the analyst c