Phillips Extracts 68 Cents Per Gallon In 3rd Q Profits From West Coast Consumers; Pushes Total Windfall Profits For CA Refiners Past $1.5 Billion This Year, Says Consumer Watchdog

LOS ANGELES, Nov. 1, 2022 /PRNewswire/ — Oil refiner Phillips 66 posted 3rd quarter refining profits of $2.8 billion, accounting for more than half of its total quarterly profits of $5.3 billion. Its total corporate profits rose seven times over those generated in the third quarter last…