Chevron and Exxon hit all-time highs as refining profits soar in reaction to Iran and Ukraine wars
Summary
Chevron and Exxon surpassed financial expectations for the quarter due to soaring refining profits. This strong performance was driven by a sharp global increase in diesel fuel prices resulting from refinery attacks in Russia and the Middle East.
Global diesel prices surged as Ukraine and Iran struck refineries in Russia and the Middle East.
Source: Read the full story at US Top News and Analysis
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