Phillips 66 Q4 Earnings Top Estimates Despite Lower Refining Margin

Phillips 66 (PSX) reported better-than-expected fourth-quarter 2024 results, with both the bottom line and top line beating the Zacks Consensus Estimate. The stock price has increased 3.1% since its earnings release on Jan. 31.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Before delving into the quarterly results, let’s understand the premium refining company’s business.PSX’s Refining BusinessPhillips 66 boasts one of the world's largest and most sophisticated refining operations, w ...