May 3 (Reuters) - U.S. refiner Phillips 66 beat
Wall Street estimate for first-quarter profit on Wednesday,
joining rivals in gaining from elevated margins on sustained
fuel demand amid tight crude supplies.
The Houston-based refiner reported adjusted earnings of
$4.21 per share for the three months ended March 31, compared
with average analyst estimate of $3.56, according to Refinitiv
data.
(Reporting by Arunima Kumar in Bengaluru; Editing by Sriraj
Kalluvila)
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