May 1 (Reuters) - Exxon Mobil Corp reported a first-quarter loss compared with a year-ago profit on a nearly $3 billion inventory writedown from plunging oil prices.
The U.S. oil major on Friday posted a loss of $610 million, or 14 cents per share, in the quarter, compared with a profit of $2.35 billion, or 55 cents per share, a year earlier.
Exxon’s production rose slightly to about 4 million barrels of oil equivalent per day (boepd) from 3.98 million boepd. (Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koyyur)
Our Standards: The Thomson Reuters Trust Principles.