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20

Exxon Mobil Has Got the Best Ever First Quarter

US oil giant Exxon Mobil's profit for the first quarter rose 10 percent

Oil giant Exxon Mobil's profit for the first quarter rose 10 percent, its best-ever first quarter, due to higher margins on refining and chemical operations offset lower prices for crude oil and natural gas.

The company said Thursday it earned $9.3 billion in the January-March period, beating Wall Street expectations, even as revenue slipped and fell well short of analysts' forecasts.