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