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Independent U.S. fuel makers Valero Energy, Marathon Petroleum and Phillips 66 are set to post results near or above the June quarter's near-record levels. The article frames the strength against tighter global energy supplies from ongoing wars.
Independent fuel makers Valero Energy, Marathon Petroleum and Phillips 66 are expected to post near-record earnings for the June quarter. The piece also says war-related supply disruptions have tightened global energy markets.
Wall Street analysts expect Valero Energy, Marathon Petroleum and Phillips 66 to report sharply higher refining earnings, helped by wide crack spreads and supply disruptions abroad.