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Phillips 66 (NYSE: PSX) reports Q3 numbers before Wednesday's opening bell. Expectations are for EPS of $1.75, up handsomely from $0.75 in the same quarter a year ago. The oil giant yesterday announced it formed two joint ventures to develop the Dakota Access Pipeline and Energy Transfer Crude Oil Pipeline projects with Energy Transfer Partners LP (NYSE: ETP). Oil stocks have taken a shellacking this year, with oil prices off some 25% from their June high of $106. They fell further Tuesday when Goldman Sachs said it sees West Texas Intermediate Crude at $75 for 2015 and $80 for 2016. PSX shares are off 1.43% year to date.