Exxon Says Quarterly Profit Could Hit $18 Billion

Exxon Mobil Corp. is forecasting banner second-quarter earnings that might are available as excessive as about $18 billion, largely on greater oil-refining margins and rising costs for oil, pure gasoline and gas.

These projections aren’t exact and exclude sure components, together with particular prices incurred by Exxon however its second-quarter revenue may very well be its most profitable in at the very least 25 years, in response to FactSet.