ExxonMobil doubles energy products earnings in Q1 on refining margin recovery

May 3, 2025 - 19:00
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ExxonMobil doubles energy products earnings in Q1 on refining margin recovery
ExxonMobil’s energy products segment posted a strong sequential rebound in the first quarter of 2025, with earnings doubling from the previous quarter to \$827 million. The recovery was driven by stronger North American refining margins, favorable market timing, and lower seasonal costs, helping to offset continued pressure from weaker global refining conditions.

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