ExxonMobil

Refinery margins for gasoline in northwest Europe fell by almost $19 to $27.79 USD/barrel, despite reference crude prices rising. Exxon Mobil and partners sold several parcels of E5/E10 gasoline by barge to European buyers, while independent stocks in the ARA area fell to 797,000 tonnes, the lowest level since October 2021. Insights Global attributes the inventory decline mainly to stronger exports, particularly to Africa, amid stable domestic demand. » Altro su de.investing.com

Bloomberg options-market data show that ExxonMobil’s stock could swing around 3.3% after the quarterly results on July 31 before trading begins. In three of the last eight quarterly reports, the actual price move was larger than the volatility implied by the options market, which in earlier quarters ranged from about 1.4% to 3.1%. » Altro su de.investing.com