U.S. Oil Majors Poised for Large Profit Gains as Political Pressure Mounts Over Pump Prices
U.S. oil producers are on track to report their strongest quarterly profits in years as crude and refined-product markets tightened following geopolitical shocks earlier this year. Expected blockbuster results for Exxon Mobil and Chevron could intensify friction with the White House, which is urging faster declines in retail gasoline prices ahead o…