July 27, 2018 / 11:10 AM / in 5 months

U.S. refiner Phillips 66's profit more than doubles

July 27 (Reuters) - U.S. oil refiner Phillips 66's profit more than doubled in the second quarter, as cheap domestic crude boosted refining margins.

The company said on Friday its adjusted earnings rose to $1.32 billion or $2.80 per share in the three months ended June 30, from $569 million or $1.09 per share a year earlier. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Sai Sachin Ravikumar)

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