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