Exxon Mobil Profit Soars Along With Gas Prices

Washington Post reports that Exxon Mobil (NYSE:XOM) first-quarter profit rose 69 percent to $10.7 billion.

The market news is quoted as saying:

Exxon Mobil fired back, arguing that high prices aren’t its fault and were the result of higher global oil demand, political instability in oil producing regions and the weak U.S. dollar.

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