Big Oil Reaps $56B Windfall on Spiking Fuel Prices
Conflicts in the Persian Gulf and Russia drove refining margins to record highs, enabling ExxonMobil, Chevron, BP, Shell and TotalEnergies to beat Q3 expectations with combined adjusted net income exceeding $50 billion.
Original · Bloomberg AI summary of public reporting
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At publication → CurrentCL104.06 → 104.02−0.0%
BRENTOIL113.36 → 113.360.0%