Phillips 66 posts smaller-than-feared loss on retail improvement

Phillips 66 posts smaller-than-feared loss on retail improvement
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18.11.2020

MOSOCW (MRC) - U.S. refiner Phillips 66 PSX.N reported a smaller-than-expected quarterly loss on Friday, as its marketing and specialties unit, which retails refined products, benefited from people returning to gas stations, said Reuters.The unit buys refined products wholesale to resell at over 9,100 outlets the company operates through a joint venture, and has seen demand recover as co

Full article at mrcplast.com

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