# Exxon, Chevron earnings lifted by war-driven refining surge

https://mins.news/en/item/122750

- Reuters, 2026-10-30 15:50 UTC
- Economy
- Original: https://www.reuters.com/business/energy/wrapup-exxon-chevron-earnings-propelled-by-war-driven-refining-surge-2026-10-30/?link_source=ta_bluesky_link&taid=6ae4bcb627f3420001c8eb27

> U.S. oil majors ExxonMobil and Chevron both reported quarterly profits above analyst expectations on Friday. Surging refining margins boosted earnings from their fuel businesses, which usually make less profit, to levels comparable with their upstream segments.

## Related coverage

- [ExxonMobil and Chevron post soaring profits as Trump touts high oil prices](https://mins.news/en/item/122627) — NBC News, 2026-10-30
- [Chevron beats earnings expectations as high diesel prices lift refining profits](https://mins.news/en/item/122230) — CNBC, 2026-10-30
- [BP’s refining business had a “banner quarter,” CEO says](https://mins.news/en/video/122024) — Bloomberg Television, 2026-10-30
