Updated Oct. 27, 2023 7:25 am ET
On the heels of competing megadeals, Exxon Mobil and Chevron reported a combined $15.6 billion profits Friday, as oil and fuel prices climbed in the third quarter.
Exxon’s quarterly earnings of $9.1 billion were less than half of last year’s quarterly record but rose 15% from the previous quarter. Margins for making fuel widened and the company’s oil refineries produced more than any third quarter since 1999.
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