Exxon Mobil profit nears $11 billion, beats target*
April 28, 2011
NEW YORK (MarketWatch) -- Exxon Mobil Corp. (NYSE:XOM) said Thursday its first-quarter profit rose to $10.65 billion, or $2.14 a share, from $6.3 billion, or $1.33 a share, in the year-ago period. Revenue rose to $114 billion, from $90.3 billion. Wall Street analysts expected Exxon Mobil to earn $2.04 a share on revenue of $112.6 billion, according to a survey by FactSet Research. "Exxon Mobil's earnings reflect continued leadership in operational performance during a period of strong commodity prices," the company said.