Phillips 66 profits fall by 50 percent
Philips 66 profit reduced 50{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} Houston oil company Phillips 66 said quarterly profits fell by more than 50{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} from last year due to a loss of value in one of its pipeline businesses. Phillips 66 posted net profit of $ 716 million in the third quarter, down from $ 19.4 billion year-on-year. Phillips 66 charged […]