Exxon signals record quarterly profit from oil and gas prices By Reuters

© Reuters. FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. REUTERS/Lucas Jackson

HOUSTON (Reuters) – Exxon Mobil Corp (NYSE:) on Monday signaled first quarter production results could top a four-year quarterly record, with operating profits from pumping oil and gas approaching $10.1 billion.

A snapshot of the largest U.S. oil producer’s quarter ended March 31 showed profits could jump by between $1.9 billion and $2.7 billion over the prior quarter’s $6.1 billion in operating earnings from its oil and gas unit. Official results will be released later, according to a securities filing.

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