Refiner Phillips 66 beats quarterly profit estimates as margins rebound

Core Viewpoint - Phillips 66 exceeded Wall Street profit estimates for the fourth quarter, driven by a recovery in U.S. refining margins after a prolonged downturn in 2024 [1] Group 1 - The company reported a significant rebound in refining margins, which positively impacted earnings [1] - The earnings growth comes after a period of slump in the refining sector, indicating a potential recovery trend [1]