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Thursday April 28, 09:49
Exxon Mobil first-quarter profit rocketed 44%
(by Peter Van Bruggen)

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Exxon Mobil first-quarter profit rocketed 44% Exxon Mobil Corp., the world’s largest oil company, reported today that its first-quarter profit rocketed 44% on high energy prices.

Profit rose to $7.86 billion, or $1.22 a share, from $5.44 billion, or 83 cents, last year. Profit excluding the sale of Exxon Mobil’s stake in China Petroleum was $1.15 a share. Analysts were expecting $1.10 per share.

Revenue rose 21% to $82.1 billion.

First-quarter oil production declined 3.5% to 2.54 million barrels per day. Natural-gas output fell 6.4% to 10.8 billion cubic feet a day.

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