ExxonMobil Signals $4.5 Billion Third-Quarter Refining Profit Boost
ExxonMobil said higher refining margins could boost downstream profit by $4.5 billion in the third quarter compared with the previous three months.
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01:06:27 PM UTC
SquawkNews
By Kit NortonExxonMobil said Friday that higher refining margins added substantially to its third-quarter earnings even as changes in oil prices took a toll on the supermajor's upstream segment by more than $1 billion.The company, in a regulatory filing Friday, said changes in refining margins adde…
ExxonMobil (NYSE:XOM) said Friday that stronger refining margins in the third quarter could lift downstream profit by 4.5 billion compared with the previous three months. The ongoing Iran war has sharply increased refining margins and restricted energy exports through…