|By Marketwired .||
|May 1, 2014 06:30 AM EDT||
SUGAR LAND, TX -- (Marketwired) -- 05/01/14 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- Leading downstream company Phillips 66 (NYSE:PSX) (Houston, Texas) reported an overall increase in profits for the first quarter of 2014, driven by higher natural gas and natural gas liquids (NGL) prices, as well as improved production in the Chemicals segment. Refining profits slowed amid a series of turnarounds and smaller crude spreads. Industrial Info is tracking $3.9 billion in active projects involving Phillips 66.
For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/news/abstract.jsp?newsitemID=241900&refer=mw, or browse other breaking industrial news stories at www.industrialinfo.com.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.