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Phillips 66 Books Smaller-Than-Feared Loss in Q4

Phillips 66 Books Smaller-Than-Feared Loss in Q4

Phillips 66 (NYSE: PSX) reported a loss for the fourth quarter, as expected, but this loss was smaller than analysts had forecast as the refiner’s renewable fuels division booked a profit in the last quarter of 2024. Phillips 66 booked an adjusted loss of $61 million, or a loss of $0.15 per share, for the fourth quarter, compared to earnings of $859 million for the third quarter. The Q4 loss of $0.15 per share was smaller than the $0.23 per-share loss expected by an average analyst estimate compiled by LSEG. Refining margins continued to…

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