Wall Street pushes up Exxon forecasts as refining margins soar

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Record profits of more than $4 a share, up from $1.10 a year ago, are likely, according analyst estimates, reigniting calls for windfall taxes on oil majors.

Exxon shares are down about 3.4% to $84.57 in early trading on a large drop in oil prices this morning. Brent is down about $4 per barrel and WTI is down about $3 per barrel.