RBN Energy: continuation of the pipeline series, the Marcellus effect -- WMB projects
******************Link here to Bloomberg.
Phillips 66 (PSX), which became the largest U.S. independent refiner after its spinoff from ConocoPhillips (COP) earlier this year, said third-quarter profit rose 52 percent as the margin between oil costs and fuel prices widened.
Net income rose to $1.6 billion, or $2.51 a share, from $1.05 billion, or $1.65, a year earlier, Houston-based Phillips 66 said today in a statement. Profit excluding asset writedowns, early debt payoffs and other one-time items was $2.97 a share, 61 cents more than the average of 15 analysts’ estimates compiled by Bloomberg. Adjusted profit in the company’s chemicals business rose 42 percent to $275 million.Shatters estimates: SeekingAlpha.com.
Earlier, COP also blew away estimates.
I do believe COP/PSX is one of Warren's larger holdings.