USD 63.2257

-0.34

EUR 70.4271

-0.03

BRENT 64.48

0

AI-92 42.39

-0.01

AI-95 46.08

0

AI-98 51.07

0

Diesel 47.99

0

18

Exxon Mobil's Good Fortune

US oil giant and the biggest publicly traded energy company in the world, Exxon Mobil Corp., announced

US oil giant and the biggest publicly traded energy company in the world, Exxon Mobil Corp., announced that its first-quarter profits surged 44 percent on the back of high oil and gas prices more than offset declining production.

The news Thursday was similar at Royal Dutch/Shell Group of Cos. and Marathon Oil Co., which also reported sharply higher profits despite a drop in production.
The latest batch of oil-industry earnings were in line with this week's results at BP PLC, which reported a 35 percent jump in profits, buoyed by higher oil and gas prices.