HOUSTON (AP) — HOUSTON (AP) — Phillips 66 (PSX) on Wednesday reported fourth-quarter earnings of $1.26 billion.
The Houston-based company said it had net income of $2.86 per share. Earnings, adjusted for one-time gains and costs, were $3.09 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.37 per share.
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For the year, the company reported profit of $7.02 billion, or $15.48 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSX at https://www.zacks.com/ap/PSX