ExxonMobil Estimates Refining Margins Added $4.5 Billion to Q3 Earnings
ExxonMobil said higher refining margins boosted third-quarter earnings by an estimated $4.5 billion. Lower oil prices reduced earnings by $1.3 billion.
IRVING (dpa-AFX) - Friday, ExxonMobil Holdings Corp. (XOM) announced a preliminary statement that higher refining margins boosted its third-quarter earnings by an estimated $4.5 billion.However, lower oil prices reduced earnings by $1.3 billion, while timing effects resulted in an estimated $2.5 bi…