# ExxonMobil CEO says supply shortfall drives diesel prices as refining earns a record $9.05 billion in the third quarter — EnergyReader.io

> ExxonMobil CEO Darren Woods said diesel prices are high because there is not enough supply. Exxon's refining division earned a record $9.05 billion in the third quarter, and Woods said the company plans to invest over $100 billion between 2027 and 2030.

- Date: 2026-11-01 · published 2026-11-02T03:08:19.865Z
- Category: geopolitics · region US · magnitude low
- Page: https://feedsoft.ai/events/74656-exxonmobil-ceo-says-supply-shortfall-drives-diesel-prices-as-refining-earns-a
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Reported refining margins and the CEO's view that supply is short point to continued tight distillate supply and firm diesel prices, though the announced investment has no sized near-term effect.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-03-03 | [Iran War Sends Diesel Prices Soaring All Over the World on Supply Chokepoints - Bloomberg](https://feedsoft.ai/events/5528-iran-war-sends-diesel-prices-soaring-all-over-the-world-on-supply-chokepoints.md) | +17.7% | +50.3% |
| DIESEL | 2026-08-26 | [Diesel Prices: It’s a Refining Crisis, Not Crude](https://feedsoft.ai/events/18074-diesel-prices-it-s-a-refining-crisis-not-crude.md) | +11.5% | +15.5% |
| DIESEL | 2025-10-28 | [The Commodities Feed: Sanction concerns boost diesel prices \| ING THINK](https://feedsoft.ai/events/22596-the-commodities-feed-sanction-concerns-boost-diesel-prices-ing-think.md) | -1.4% | -1.1% |
| DIESEL | 2025-06-23 | [Update: oil prices fall back after short-lived surge in early trading - FreightWaves](https://feedsoft.ai/events/8645-update-oil-prices-fall-back-after-short-lived-surge-in-early-trading.md) | -9.7% | -2.8% |
| DIESEL | 2023-12-27 | [Diesel Prices Rebound After 8-Week Decline on Supply Concerns](https://feedsoft.ai/events/32880-diesel-prices-rebound-after-8-week-decline-on-supply-concerns.md) | -1.8% | +5.5% |

## Sources

- energyreader.io: https://energyreader.io/brief/17805

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.