HOUSTON (AP) _ Phillips 66 (PSX) on Friday reported first-quarter profit of $582 million.

On a per-share basis, the Houston-based company said it had profit of $1.29. Earnings, adjusted for non-recurring costs, came to $1.32 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.

The oil refiner posted revenue of $36.72 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $29.79 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PSX at https://www.zacks.com/ap/PSX

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