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>> PHILLIPS 66 Latest News

JAN 30, 2013 - Investors Business Daily

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Shale Oil Boom Boosts Phillips 66, Marathon Earnings

Phillips 66 (PSX) and Marathon Petroleum Corp.'s (MPC) reported fourth-quarter earnings above analyst estimates early Wednesday as the boom in cheap domestic crude oil helped boost production. Phillips 66 said Q4 EPS was $2.06, beating analyst estimates of $1.68. The company processed 135,000 barrels per day of shale crude during the quarter, a 97% increase from 2011 as big oil changed its focus from natgas "fracking" in Appalachia to the shale

Tags: Shale Oil Boom Boosts Phillips 66, Marathon Earnings,  Phillips 66 Latest News