BUZZ-Phillips 66 down after bigger-than-expected Q1 loss

Reuters

2025/04/25

BUZZ-<a href="https://laohu8.com/S/PSX">Phillips 66</a> down after bigger-than-expected Q1 loss

** Shares of U.S. refiner Phillips 66 PSX.N down 2.6% at $102.99 premarket

** Co reports bigger-than-expected loss in Q1, hurt by lower refining margins

** Q1 adj. loss was 90 cents/shr vs estimate of a loss of 72 cents/shr - data compiled by LSEG

** Q1 refining margins fell 38% to $6.81/bbl and turnaround expenses rose over twofold to $270 mln

** As of last close, PSX down 8.5% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))

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