Exxon Mobil Corp. (XOM) released a profit for first quarter that decreased from last year in line with the Street estimates.
The company's earnings totaled $8.220 billion, or $2.06 per share. This compares with $11.430 billion, or $2.79 per share, in last year's first quarter.
Excluding items, Exxon Mobil Corp. reported adjusted earnings of $8.220 billion or $2.06 per share for the period.
Analysts on average had expected the company to earn $2.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.0% to $83.083 billion from $86.564 billion last year.
Exxon Mobil Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $8.220 Bln. vs. $11.430 Bln. last year.
-EPS (Q1): $2.06 vs. $2.79 last year.
-Revenue (Q1): $83.083 Bln vs. $86.564 Bln last year.
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