However, Exxon says chemicals are seeing thinner margins
Exxon Mobil Corp. said in a filing late Wednesday that its third-quarter profit is likely to get a bump of around $1 billion from rising crude prices.
The energy giant is expecting $600 million to $400 million less as a result of thinner margins for its chemicals, however. Oil futures prices on Wednesday ended at their lowest in about five weeks, but had been inching closer to $100 a barrel recently.
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