News wire — U.S. refiner Phillips 66 on Friday posted a fourth-quarter profit, compared with a year-ago loss, thanks to rebound in demand for fuel and other refined products following COVID-19 vaccinations and easing restrictions.
The Houston, Texas-based company said adjusted net income was $1.3 billion, or $2.94 per share, for the quarter ended Dec. 31, compared with a loss of $507 million, or $1.16 per share, a year earlier.
- Reuters (Reporting by Rithika Krishna in Bengaluru; Editing by Ramakrishnan M.)
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