PSX-PHILLIPS 66

Phillips 66 Reports Narrowed Loss in Q4 2024 Amid Weakened Refining Margins and Ceasing Operations at Los Angeles Refinery

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Saturday

15 February, 2025

Phillips 66's Q4 2024 results reveal a stark contrast to the previous year, with a net profit of just $8 million amid significant refining losses and the impending closure of its Los Angeles refinery. Can the company’s focus on renewable fuels and cost-cutting measures pave the way for a turnaround?

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