Exxon Mobil signals rise in first-quarter upstream profit

Reuters

04-04

Exxon Mobil signals rise in first-quarter upstream profit

April 3 (Reuters) - U.S. oil and gas major Exxon Mobil XOM.N signaled in a regulatory filing on Thursday that changes in oil prices would boost its first-quarter upstream earnings by up to $400 million.

The industry bellwether had posted $6.50 billion in upstream earnings for the fourth quarter. Its net profit for the year-ago first quarter was $8.22 billion.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Shreya Biswas)

((Srivastava.Vallari@thomsonreuters.com;))

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