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The Refining Business Profits Of Exxon Mobil And Chevron Increased Significantly
Oct 31, 2017

Dow Jones reported on October 27, 2017, Although the Gulf of Mexico oil industry was affected by the hurricane Harvey, but Exxon Mobil (XOM) and Chevron (CVX) refining and chemical production business profits are substantial growth. Exxon Mobil said the company's refining business achieved profit of 1.5 billion US dollars, it was boosted by the expansion of profit margins; The increase in profit margins boosted the company's profits by $ 1 billion. Chevron refining business profits increased nearly doubled to $ 1.8 billion. The impact of Harvey brought about $ 160 million in damage to Exxon Mobil's profits, but that was lower than some analysts expected.

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