Phillips 66 PSX posted adjusted second-quarter 2015 earnings of $1.83 per share beating the Zacks Consensus Estimate of $1.81. The bottom line was also ahead of the year-ago quarter level of $1.51. Robust performance by the company’s Refining and Marketing segments supported the results. Quarterly revenues of $29.1 billion were significantly lower than the year-ago quarter level of $46.3 billion. Lower contribution from its Midstream and Chemicals segment hampered the revenues. The top line, however, surpassed the Zacks Consensus Estimate of $25.3 billion. Segment Results Midstream The segment generated adjusted quarterly earnings of $48 million compared with $108 million in the year-ago quarter. Lower contribution from the NGL business hampered income. Chemicals The segment generated adjusted earnings of $295 million as... More