ExxonMobil Signals $4.5 Billion Refining Earnings Boost as Margins Soar

(Reuters) – ExxonMobil signaled on Friday that higher refining margins during the third quarter could boost its downstream profit by $4.5 billion compared with the previous three months. Refining margins have soared due to the ongoing Iran war, which has restricted energy exports through the Strait of Hormuz, as well as Ukrainian attacks on Russian … Read more