Phillips 66 (NYSE: PSX), Houston, TX, an energy manufacturing and logistics company, reported sales for the first quarter of $17.8 billion. Profit was down 61 percent to $385 million.
Profit was $156 million in the chemicals segment, $205 million in marketing and specialties, $86 million in refining and $65 million in the midstream segment. The company reported a loss of $127 million in corporate and other costs.
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