Alexa
  • Directory of Taiwan

Exxon revenue takes off with oil prices, profit falls short

FILE - This April 25, 2017, file photo, shows Exxon service station signs in Nashville, Tenn. Exxon Mobil Corp. reports earnings Friday, April 27, 201...

FILE - This April 25, 2017, file photo, shows Exxon service station signs in Nashville, Tenn. Exxon Mobil Corp. reports earnings Friday, April 27, 201...

IRVING, Texas (AP) — Exxon is reporting first-quarter earnings of $4.65 billion, coming up just short of expectations despite rapidly rising crude prices.

The Irving, Texas, company's per-share net income reported Friday was $1.09, a nickel shy of projections on Wall Street, according to a poll by Zacks Investment Research.

Revenue was $68.21 billion, which easily exceeded analyst expectations of $66.07 billion.

Crude prices are up about $8 per barrel since the beginning of the year.

Shares of Exxon Mobil Corp. are up slightly before the opening bell.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XOM at https://www.zacks.com/ap/XOM


Updated : 2021-08-05 23:47 GMT+08:00