Phillips 66 reports smaller-than-expected fourth quarter loss

(Reuters) – Refiner Phillips 66 reported a smaller-than-expected loss on Friday.

On an adjusted basis, the company reported a loss of 15 cents per share in the quarter, compared with the analyst’ average estimate of 23 cents loss per share, according to data compiled by LSEG.

(Reporting by Tanay Dhumal in Bengaluru; Editing by Tasim Zahid)