Exxon has warned that its first-quarter income figures will be affected by lower oil prices, Reuters has reported, citing a securities filing. Besides lower oil benchmarks, the company also pointed to weaker gas prices and a sizeable loss from its fuel derivatives business, the report noted. Per the filing, Exxon will report an operating result of $6.65 billion for the first three months of 2024, down from a record $11.6 billion a year earlier and also down from the fourth-quarter 2023 result, which stood at $7.63 billion. In the first quarter…
