HOUSTON (AP) — HOUSTON (AP) — Phillips 66 (PSX) on Wednesday reported fourth-quarter profit of $2.91 billion.

On a per-share basis, the Houston-based company said it had profit of $7.17. Earnings, adjusted for non-recurring gains, were $2.47 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.

For the year, the company reported profit of $4.4 billion, or $10.79 per share.

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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