War Leaves U.S. Oil Refiners With Massive Profit Gains

Bonus Episode for Nov. 4. Refiners turn the crude oil pumped from the ground into products cars, planes and trains can use. Conflicts in the Middle East and Ukraine have damaged regional energy sectors, prompting U.S. companies like Marathon Petroleum , Phillips 66 , and Valero Energy to run at full tilt in an effort to fill a global shortage—and earning them huge profits.

Pierre Bienaimé hosts this special bonus episode of What's News in Earnings, where we dig into companies’ earnings reports and analyst calls to find out what’s going on under the hood of the American economy.

Sign up for the WSJ's free Markets A.M. newsletter .

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.