Tag: #diesel

Corporate Earnings

ExxonMobil and Chevron Post Surging Third-Quarter Profits as Refineries Run at Full Capacity Amid Global Diesel Supply Crunch

Friday, October 30, 2026 | 12:02

Energy giants Chevron and ExxonMobil reported staggering third-quarter profits on Friday, capitalizing on a global diesel fuel shortage by running their domestic refineries at near-maximum capacity. The financial results highlight a period of intense profitability for the downstream refining sector, driven by high fuel prices and international supply disruptions that have altered traditional energy trade […]