⚠️BREAKING: *EXXONMOBIL 1Q EARNINGS PER SHARE $2.83, EST. $2.60 *EXXONMOBIL 1Q REV. $86.56B, EST. $82.66B $XOM
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Exxon ups production to counter falling prices in record Q1Exxon Mobil’s profit more than doubled in the first quarter as the oil and natural gas company overcame declining prices by producing more oil. Exxon Mobil Corp. earned $11.43 billion, or $2.79 per share, for the three months ended March 31. A year earlier it earned $5.48 billion, or $1.28 per share. Stripping out certain items, earnings were $2.83 per share. The results beat Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. Analysts surveyed by Zacks Investment Research were looking for earnings of $2.65 per share.
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Exxon delivers a record first-quarter profit on higher outputExxon Mobil on Friday reported a record first-quarter profit that was more than double from a year ago and topped Wall Street estimates.
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