SOURCE: Industrial Info Resources

Industrial Info Resources

May 01, 2014 06:30 ET

Phillips 66 Notches Up Solid Growth in Midstream and Chemicals, Advances Projects in Freeport, Eagle Ford, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - May 1, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading downstream company Phillips 66 (NYSE:PSX) (Houston, Texas) reported an overall increase in profits for the first quarter of 2014, driven by higher natural gas and natural gas liquids (NGL) prices, as well as improved production in the Chemicals segment. Refining profits slowed amid a series of turnarounds and smaller crude spreads. Industrial Info is tracking $3.9 billion in active projects involving Phillips 66.

Other companies featured: Sinopec Corporation (NYSE:SHI), Kinder Morgan (NYSE:KMP)

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