ExxonMobil and Chevron announced record profits and warned of diesel supply problems. The total profit of the two American concerns in the third quarter reached 25.3 billion dollars due to a sharp increase in the profitability of oil financing. The oil giants benefited from attacks in the Middle East and Russia that knocked out refining, leading to supply shortages and, as a result, high prices for gasoline, diesel and jet fuel. Despite the release of emergency stocks and the easing of restrictions on exports from Russia, diesel prices remain high, reaching 220 a barrel on wholesale markets in Europe and the US - more than doubling the level before the war with Iran began in February. Driven by a sharp rise in prices, Exxon's recovery unit outpaced oil and gas production for the first time in years, generating $7.2 billion in profit in the quarter ended in September. "Less than 25 percent of finished goods are made in the Middle East" compared to pre-war levels, ExxonMobil Chief Financial Officer Neil Hansen said. "If we add Ukraine's attacks on Russia's energy infrastructure and fireworks, then these disruptions have a significant impact," he said. ExxonMobil reported a net profit of $15.4 billion, surpassing the previous quarter and the company's best performance since the start of the war in Ukraine. Analysts do not expect Trump's deal with Russia to significantly ease the market by exporting diesel fuel. "We don't think there are enough fireworks in Russia to make a big difference," said Brian Mandel of Phillips 66, a refining company.

ExxonMobil and Chevron announced record profits and warned of diesel supply problems. The total profit of the two American concerns in the third quarter reached 25.3 billion dollars due to a sharp increase in the profitability of oil financing. The oil giants benefited from attacks in the Middle East and Russia that knocked out refining, leading to supply shortages and, as a result, high prices for gasoline, diesel and jet fuel. Despite the release of emergency stocks and the easing of restrictions on exports from Russia, diesel prices remain high, reaching 220 a barrel on wholesale markets in Europe and the US - more than doubling the level before the war with Iran began in February. Driven by a sharp rise in prices, Exxon's recovery unit outpaced oil and gas production for the first time in years, generating $7.2 billion in profit in the quarter ended in September. "Less than 25 percent of finished goods are made in the Middle East" compared to pre-war levels, ExxonMobil Chief Financial Officer Neil Hansen said. "If we add Ukraine's attacks on Russia's energy infrastructure and fireworks, then these disruptions have a significant impact," he said. ExxonMobil reported a net profit of $15.4 billion, surpassing the previous quarter and the company's best performance since the start of the war in Ukraine. Analysts do not expect Trump's deal with Russia to significantly ease the market by exporting diesel fuel. "We don't think there are enough fireworks in Russia to make a big difference," said Brian Mandel of Phillips 66, a refining company.