Stocks in Action USA: Tesla, Fox Corp., ExxonMobil
Reading Time: 3 minutes
ExxonMobil (XOM) – Refinery Boom Offsets Oil Price Pressure: Stock Near Record High! ExxonMobil is benefiting significantly from the refinery business, while fluctuating oil prices put pressure on the production segment. According to preliminary figures, higher refinery margins boosted earnings in the third quarter compared to the previous quarter by $4.5 billion. At the same time, changes in oil prices reduced earnings in the production segment by $1.3 billion. This reveals a mixed picture for the energy giant: while the refinery business...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
