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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