Energy

Exxon Mobil Eyes $16B Profit Projection, Plans Shift To Chemicals Amid Fuel Surge

Exxon Mobil Corporation (NYSE:XOM) expects motor fuels and chemicals profits to climb to $16 billion by 2027, reflecting a substantial $4 billion uptick from current levels, fueled by continuous demand elevation. The oil and gas behemoth projects gasoline demand not to peak until late this decade, a lengthier timeframe than other forecasters, Reuters reported, citing statements from executives in a briefing.

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