October 27, 2017 / 11:08 AM / 22 days ago

Refiner Phillips 66's 3rd-qtr earnings surge 61 pct

Oct 27 (Reuters) - Independent U.S. refiner Phillips 66 reported a 61 percent increase in consolidated earnings as refining margins soared in the aftermath of Hurricane Harvey.

Adjusted earnings rose to $858 million, or $1.66 per share, in the third quarter ended Sept. 30, from $556 million, or $1.05 per share, a year earlier.

Consolidated earnings rose to $823 million from $511 million.

Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Martina D'Couto

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