BUZZ-Phillips 66 gains after surprise Q1 profit

Phillips 66

Phillips 66

PSX

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** Shares of U.S. refiner Phillips 66 PSX.N up 2.3% at $168.90 premarket

** Co posts surpise Q1 adjusted profit, helped by higher refining margins for its products

** Posts Q1 adjusted profit of 49 cents per share vs analysts' estimated loss of 40 cents per share - LSEG Data

** Realized margin for Q1 is $10.11 per barrel, compared with $6.81 per barrel a year earlier

** As of last close, PSX was up 27.97% YTD


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