Exxon Signals Knockout Refining Earnings as Diesel Prices Soar

ExxonMobil signaled a knockout third-quarter refining profit as diesel prices soar, becoming the latest oil supermajor to benefit from wars in the Persian Gulf and Russia that crippled fuel-making facilities. The company's refining margins are expected to surge, boosting earnings. Exxon joins other majors in reporting strong refining results amid global supply disruptions.