(Reuters) – U.S. refiner Phillips 66 said on Monday it expects to post a first-quarter loss due to severe winter storms that recently hit its operations in the Central and Gulf Coast regions.
The company said it expects adjusted net loss attributable for the period to be between $700 million and $550 million.
Reporting by Arundhati Sarkar in Bengaluru; Editing by Ramakrishnan M.
source: reuters.com