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Phillips 66 posts fifth straight quarterly loss on winter storm impact

April 30 (Reuters) - Phillips 66 said on Friday its loss widened in the first quarter from the previous three months as severe winter storms in February impacted the U.S. refiner’s operations in the Central and Gulf Coast regions.

The refiner posted its fifth straight net loss that stood at $654 million, or $1.49 per share, for the three months ended March 31, compared with a loss of $539 million, or $1.23 per share, in the prior quarter. (Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini Ganguli)

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