Exxon and Chevron Report Record Profits on High Oil Prices - The New York Times

The energy industry’s windfall followed a spike in prices, resulting mostly from Russia’s invasion of Ukraine and the global economic rebound from the coronavirus pandemic.

Exxon on Friday said that its refining profits earnings that come from processing crude oil into gasoline and other fuels surged to $5.3 billion, from a loss of $865 million a year ago. At Chevron, r… [+1579 chars]

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