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>> PHILLIPS 66 Latest News

JAN 30, 2013 - MarketWatch

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ConocoPhillips net falls on Phillips 66 spin-off

SAN FRANCISCO (MarketWatch) -- ConocoPhillips reported late Wednesday its fourth-quarter profit fell to $1.4 billion, or $1.16 a share, from $3.4 billion, or $2.56 a share, a year ago. The sharply lower results reflect the April 30, 2012, spin-off of the company's refining and marketing operations to create Phillips 66. Adjusted to exclude one-time items, fourth-quarter earnings were $1.8 billion, or $1.43 a share. Analysts surveyed by FactSet, who cite adjusted earnings, had expected the Houston-based oil and gas producer to report a profit of $1.42 a share. ConocoPhillips shares rose 0.4% ... Read More

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