New York (AP) – Profits fell at Exxon Mobil during the first quarter as the global pandemic began to erode oil demand. The Irving, Texas oil giant lost $610 million in the first quarter, down 126% from the same time last year. Revenue was $56.16 billion, down 12% year over year. And Chevron Corp. turned a profit in the first quarter, but the company warned Friday its financial picture is likely to be depressed in the future because of reduced demand caused by the coronavirus. Fewer people are driving or flying as the world fights to contain the spread of COVID-19, decreasing the need for fuel.
