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Big Oil Scores $56 Billion Windfall on War-Driven Refining Spike

Big Oil reaped more than $50 billion in windfall profits as conflicts in the Persian Gulf and Russia roiled energy markets and drove refining results to record highs.

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https://www.bloomberg.com/news/articles/2026-10-30/exxon-reaps-record-oil-refining-profits-on-war-driven-gasoline-diesel-spikes?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc5MzM2OTg0OCwiZXhwIjoxNzkzOTc0NjQ4LCJhcnRpY2xlSWQiOiJUTkw1RTRLSzNOWTkwMCIsImJjb25uZWN0SWQiOiJCOTcwRjBGNjAzRTQ0NDRCQjYxM0YxNTJDNjA2ODUyOCJ9.8KE2F2Tz3S59FYtQU5uARKuXMpCYQd0FbOtWX4lb_zY

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