Exxon Mobil, the world's biggest oil company, said profit climbed 10 percent to a first-quarter record after higher gasoline and diesel prices increased refining profit.
Profit rose to $9.28 billion from $8.4 billion in the comparable period a year earlier, the Irving, Tex, company said in a statement yesterday. Revenue fell 2 percent, to $87.2 billion.
Meanwhile, gas prices at the pump are close to or over $3.00 a gallon in sevaral places throughout the U.S and are expected to go higher as the summer approaches.
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