Macro Finance
Exxon, Chevron Deliver Big Profits on Strong Refining
Bloomberg Markets·October 30, 2026·1 min read
Exxon and Chevron shares rose in premarket trading after both beat earnings estimates, driven by strong refining margins and higher gas prices. The oil majors earned a combined $56 billion in the third quarter, the third highest on record, according to Bloomberg's Kevin Crowley. The results underscore robust fuel demand despite economic headwinds.
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