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Exxon profit tops Street on taxes and output

Exxon Mobil Corp reported a better-than-expected 53 percent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar.

 

U.S. Stocks Open Higher; Exxon, Alcoa Gain

Rising oil prices and better-than-expected earnings from Exxon Mobil boosted energy companies.

 

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