ExxonMobil's Refining Profits Surge: A $500M Boost
Update: 2025-10-07
Description
ExxonMobil forecasts a $500 million refining profit surge for Q3 2025, driven by robust fuel demand despite flat oil prices. While refining shines, upstream earnings face headwinds from low natural gas prices, offset slightly by a chemical division boost. Restructuring, including 2,000 job cuts, will incur a one-time charge of up to $600 million. As the first major oil company to release its outlook, ExxonMobil's results will set the stage for industry giants like Chevron and Shell.
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