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Phillips 66 Partners LP representing limited partner interest in the Partnership
The company reported fourth quarter 2020 adjusted loss per share of $1.16, well below the profit made of $1.54 per share a year ago.
The main culprits were the company's lower refinery utilization and weak production ratio showing a poor 69% this quarter compared to 77% the preceding quarter.
PSX is a good long-term investment, but if you adopt the right strategy.