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Exxon Reaps Record Oil-Refining Profits on War-Driven Gasoline, Diesel Spikes

Bloomberg Markets's headline. Reported by Bloomberg Markets.

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What Bloomberg Markets reported

ExxonMobil Holdings Corp. surpassed profit expectations on the strength of surging gasoline and diesel prices that pushed refining results to an all-time high as conflicts in the Persian Gulf and Russia upended energy markets.

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Who is covering it

  1. Bloomberg Markets United States Exxon Reaps Record Oil-Refining Profits on War-Driven Gasoline, Diesel Spikes ExxonMobil Holdings Corp. surpassed profit expectations on the strength of surging gasoline and diesel prices that pushed refining results to an all-time high as conflicts in the Persian Gulf and Russia upended energy markets. 5 h ago · Tier 1

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More from Business

File picture: Diliff via Wikimedia Commons, CC BY 2.5
Breaking Business · Oil & Gas

Exxon, Chevron Deliver Big Profits on Strong Refining

Exxon and Chevron shares rose in premarket trading after both companies beat earnings estimates due in part to strong refining margins and higher gas prices. Bloomberg's Kevin Crowley says the oil majors earned a combined $56 billion in the third quarter, the third highest on record. He reports from Excerpt, Bloomberg Markets

Source Bloomberg Markets