NYSE:XOMOil and Gas
ExxonMobil (XOM) Warns Fuel Prices May Stay High As Trump Targets Profits
ExxonMobil Holdings (NYSE:XOM) executives warn that global refining bottlenecks, worsened by conflicts involving Russia and in the Middle East, could keep fuel prices elevated even if crude oil prices soften.
Chevron issues similar caution on refining capacity, reinforcing concerns about a prolonged period of higher fuel costs for end consumers.
Former President Donald Trump publicly criticizes ExxonMobil for what he describes as excessive wartime profits linked to the current conflict with...