FX.co ★ Exxon Mobil Corp. Q1 Profit Drops, Inline With Estimates

Exxon Mobil Corp. reported a decline in profit for the first quarter, which aligns with the street estimates. The earnings of the company amounted to $8.220 billion, equating to $2.06 per share. This fell short when compared to last year's first-quarter earnings of $11.430 billion or $2.79 per share.

After excluding certain items, the adjusted earnings of Exxon Mobil Corp. stood at $8.220 billion or $2.06 per share for the said period. This aligns perfectly with the average predictions of analysts who expected the company to earn $2.06 per share. These estimates are generally compiled by Thomson Reuters and are known to exclude special items.

The company's revenue for the quarter also saw a decrease of 4.0%, dropping down to $83.083 billion from $86.564 billion last year.

An overview of Exxon Mobil Corp.'s earnings (based on GAAP) reveals the following information: First quarter earnings totaled $8.220 billion as compared to the $11.430 billion of last year. The earnings per share for the first quarter were reported to be $2.06 as compared to the $2.79 of the previous year. Additionally, the first-quarter revenue was recorded at $83.083 billion in contrast to the $86.564 billion of the previous year.