“Exxon sees $16 billion in earnings for fuels, chemicals by 2027”
September 21, 2023
“Exxon Mobil Corp expects its motor fuels and chemicals earnings to reach $16 billion by 2027, up about $4 billion from current levels as demand continues to rise, executives said on Wednesday.
The largest U.S. oil company has been generating strong refining profits this year in part on a massive expansion of refining capacity and focus on higher margin chemicals. Executives forecast gasoline demand will not peak until late this decade, a much longer timeframe than other forecasters…”
https://finance.yahoo.com/news/exxon-sees-16-billion-earnings-213536067.html