Jan 29 (Reuters) - U.S. refiner Phillips 66 (N:PSX) PSX.N reported
a 43 percent fall in quarterly profit, hurt by lower earnings
from its midstream and chemicals businesses.
The company's consolidated earnings fell to $650 million, or
$1.20 per share, in the fourth quarter ended Dec. 31, from $1.15
billion, or $2.05 per share, a year earlier.
Adjusted earnings, excluding special items of $60 million,
were $710 million, or $1.31 per share.