ExxonMobil Corp. expects to post a sharp rebound in refining profitability for the third quarter of 2025, forecasting a $500 million increase in refining earnings compared to the previous quarter — a sign that the downstream sector remains a bright spot even as oil and gas prices stagnate. According to the company’s latest regulatory filing, refining margins are projected to add between $300 million and $700 million to quarterly earnings, driven by resilient demand during the summer driving season and imp ...