Phillips 66 earnings surge on refining strength, midstream expansion
HOUSTON: Energy giant Phillips 66 (NYSE: PSX) posted robust second-quarter earnings, powered by peak refining performance and a strategic midstream acquisition, as the company sharpens its wellhead-to-market focus. The company reported net earnings of $877 million, or $2.15 per share, up from $487 million in Q1. Adjusted earnings reached $973 million, or $2.38 per share,…