ExxonMobil (XOM) production increased more than 10% in 1Q compared with
a year ago, driven mainly by a jump in natural gas production in the US and
Qatar. But the company's oil production was down 15,000 barrels of oil
equivalent per day due to the effects of production sharing contracts with
foreign governments, OPEC quota and divestments.
Excluding this factors XOM's
oil production would've been up about 2%, the company says. Shares off 0.7% premarket at
$87.20.