BusinessPhoto: Mint CompaniesExxonMobil and Chevron Beat Profit Forecasts on Middle East, Ukraine Wars
ExxonMobil and Chevron reported stronger-than-expected quarterly profits driven by soaring refining margins. The increase is linked to disruptions caused by conflicts in the Middle East and the Russia-Ukraine war. ExxonMobil recorded its highest-ever refining earnings, while Chevron also reported robust refinery activity during this period.
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