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Oct 31 (Reuters) – Phillips 66 on Wednesday reported
a higher quarterly profit as the U.S. refining company spun off
from ConocoPhillips earlier this year benefited from processing
lower-cost crude oil.
The Houston company had a third-quarter profit of $1.6
billion or $2.51 per share, compared with $1 billion or $1.65
per share a year earlier.
