Phillips 66 beats quarterly estimates as Iran war boosts US refining margins

Phillips 66 exceeded quarterly estimates as the Iran war increased US refining margins. Simultaneously, MercadoLibre Inc. beat analysts' expectations for the second quarter, with sales surpassing $10 billion. This performance indicates sustained demand across the e-commerce and fintech giant's primary business lines, even as competition increases throughout Latin America. Both companies demonstrated strong financial results, reflecting specific geopolitical influences for Phillips 66 and robust consumer demand for MercadoLibre's integrated services.