Phillips 66 (NYSE: PSX), Houston, TX, an energy manufacturing and logistics company, reported sales for the first quarter of $23.7 billion. Profit was up 39 percent to $535 million.
Profit was $181 million in the chemicals segment, $141 million in marketing and specialties, $259 million in refining and $77 million in the midstream segment. The company reported a loss of $123 million in corporate and other costs.