FOXBusiness.com: Phillips 66 4th-Quarter Profit Slumps on Weaker Revenue; Boosts Stock Buyback Plan

FOXBusiness.com FOX Business Network - The Power to Prosper

Phillips 66 4th-Quarter Profit Slumps on Weaker Revenue; Boosts Stock Buyback Plan Jan 30th 2013, 14:02 Phillips 66's (PSX) fourth-quarter earnings fell 65% amid a $564 million investment write-down and weaker revenue, masking the benefits of stronger refining and chemical margins.

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