Exxon boosts capital budget but takes $2 billion charge from XTO deal

http://feeds.reuters.com/~r/reuters/businessNews/~3/6ds-IclsQL4/us-exxon-mobil-results-idUSKBN15F1JR

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HOUSTON (Reuters) - Exxon Mobil Corp boosted its 2017 capital budget on Tuesday on a bet that oil prices have stabilized, but posted its lowest quarterly profit since 1999 as it took a $2 billion charge against the value of natural gas reserves from its buyout of XTO Energy.

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