Exxon Mobil Corporation (NYSE:XOM) Reports 1Q18 Earnings Below Street View

Exxon Mobil Corporation

Exxon Mobil Corporation (NYSE:XOM) headquartered in Irving, Texas, announced net income for the first quarter of $ 4.65 billion or $ 1.09 per share, compared to income $ 4.01 billion or $ 0.95 per share for the year-ago quarter.

Analysts from Thomson Reuters expected income of $ 1.13 per share.

Top line figures for the first quarter rose 16% to $ 68.21 billion from $ 58.67 billion in the same quarter last year, where as analysts anticipated $ 63.60 billion.

Darren W. Woods, chairman and CEO, said: Increased commodity prices, coupled with a focus on operating efficiently and strengthening our portfolio, resulted in higher earnings and the highest quarterly cash flow from operations and asset sales since 2014.

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