More on Phillips 66's (PSX) Q4 results: Strong realized refining and chemicals margins improved...

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

More on Phillips 66's (PSXQ4 results: Strong realized refining and chemicals margins improved earnings, benefiting from improved feedstock advantage with stronger Gulf Coast and Canadian crude differentials, as well as higher gasoline and distillate market spreads. Processed 135K bbl/day of shale crude, up 97% Y/Y. Hikes dividend by 25%; grows stock repurchase by $1B. Shares +2.6% premarket.