Exxon Mobil, First Quarter Earnings | featured news

(Image from article: "Exxon, Shell profits surge on higher oil prices")

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Exxon first-quarter profit drops to $9.45B as production falls

Exxon Mobil Corp. earned less money in the first quarter as costs rose and the Irving oil giant produced less oil and natural gas. Net income dropped to $9.45 billion, or $2 a share, from $10.65 billion, or $2.14 a share, a year ago. Still, revenue rose to $124.05 billion from $114 billion last year.

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Exxon, Shell profits surge on higher oil prices

Exxon Mobil and Royal Dutch Shell Plc reported big jumps in first quarter earnings and beat forecasts, thanks to high oil prices and healthy refining margins.

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