U.S. oil companies Exxon Mobil Corp and ConocoPhillips both reported first-quarter earnings that exceeded Wall Street expectations on Thursday, helped partly by higher natural gas prices. A brutal ... more 
U.S. oil companies Exxon Mobil Corp and ConocoPhillips both reported first-quarter earnings that exceeded Wall Street expectations on Thursday, helped partly by higher natural gas prices. A brutal winter in North American sapped supplies of natural gas and boosted prices at key delivery point Henry Hub by more than 50 percent in the quarter, propping up profit at both companies, analysts said. Both Conoco and Exxon have increased investment in North American shale fields that produce crude oil and natural gas liquids. ... less 
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Thu, May 1, 2014 12:11 PM EDT