Oct 30 (Reuters) - Quarterly profit at Phillips 66 fell sharply, as shrinking discounts for crude oil at somerefineries hurt margins.
Profit in the third quarter was $535 million, or 87 centsper share, compared with $1.6 billion, or $2.51 in the sameperiod a year earlier.
Analysts on average had expected a profit of 94 cents pershare, according to Thomson Reuters I/B/E/S.
- Company Earnings
- Phillips 66