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Refining Beats Drilling: Exxon and Chevron Beat Q3 Forecasts as Fuel Margins Surge
Friday, October 30, gave stock investors a reminder that the energy trade in 2026 is not only about the price of crude. It is about what happens to crude after it is pumped. US oil majors ExxonMobil and Chevron both beat analyst expectations for third-quarter profit on Friday, Reuters reported from Houston, as soaring refining margins lifted their fuel-making businesses — normally the...
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