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ConocoPhillips and Diamondback Energy both got a boost from surging natural gas prices in the first quarter, as a February deep freeze in the central U.S. stoked demand for the heating and power-plant fuel.
Exxon Mobil Corp. (NYSE: XOM) on Tuesday reported another oil discovery in the Stabroek Block offshore Guyana.
The Permian basin, the U.S.’s most prolific shale patch, will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up.