Wednesday, January 22, 2025
Biden criticizes U.S. oil refiners as profits soar- oil and gas 360

Biden criticizes U.S. oil refiners as profits soar

World Oil (Bloomberg) — Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambasts the industry for closing plants. With little prospect for any near-term boost in gasoline output, the bonanza will go on for years, barring