Exxon Says Quarterly Profit Could Hit $18 Billion

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Exxon Mobil Corp. is forecasting banner second-quarter earnings that might are available as excessive as about $18 billion, largely on greater oil-refining margins and rising costs for oil, pure gasoline and gasoline.

These projections aren’t exact and exclude sure elements, together with particular prices incurred by Exxon however its second-quarter revenue might be its most profitable in at the least 25 years, in line with FactSet.

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