ExxonMobil Set To Outperform As Oil And Gas Prices Climb ...Middle East

Exxon could swing into profit this quarter after five consecutive quarters in the red thanks to higher oil and gas prices and recovering demand, according to a regulatory filing with the Securities and Exchange Commission. The filing also suggested that Exxon did not expect too great an impact on its first-quarter performance from the Texas Freeze in February, which led to oilfield shutdowns. According to the company, the Freeze could lead to losses of less than a billion dollars across upstream, downstream, and chemicals, while the increase in…

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