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SPRING, Texas (AP) — SPRING, Texas (AP) — Exxon Mobil Corp. (XOM) on Friday reported first-quarter net income of $7.71 billion.
The Spring, Texas-based company said it had profit of $1.76 per share.
The results beat Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.
The oil and natural gas company posted revenue of $83.13 billion in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $84.15 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XOM at https://www.zacks.com/ap/XOM