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Business

Exxon, Chevron beat profit estimates on war-driven refining surge

Marcus Chen
Marcus Chen
Marcus Chen
Managing Editor · St. Paul, MN

Marcus manages the day-to-day editorial workflow across all brands, coordinating coverage assignments and ensuring editorial standards are met. He previously served as city editor at the Pioneer Press and holds a degree in Political Science from Carleton College.

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Managing Editor · Friday, October 30, 2026 at 11:19 AM · 1 min read
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Exxon, Chevron beat profit estimates on war-driven refining surge — Toronto Business news

U.S. oil majors ExxonMobil XOM-N and Chevron CVX-N both beat analyst expectations for quarterly profit on Friday, as soaring refining margins increased earnings from their fuel-making businesses – which typically have smaller profits – to rival the upstream segments.

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