More on Phillips 66's (PSX) Q3 results: Lower crude costs helped boost margins, offsetting...

|About: Phillips 66 (PSX)|By:, SA News Editor

More on Phillips 66's (PSXQ3 results: Lower crude costs helped boost margins, offsetting losses at its midstream segment. Adjusted earnings for refining and marketing jumped 33% to $1.68B; refining utilization rates rose to 96% from 92% despite impacts from Hurricane Isaac. Midstream swung to a loss, mostly on write-downs related to investments in Rockies Express Pipeline. PSX +2% premarket.