Exxon Mobil reported profits of USD 2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.
The oil giant brought in USD 59.15 billion in revenue, up 5 per cent from USD 56.16 billion during the same quarter last year. It exceeded analyst projections for the quarter.
The The Irving, Texas company produced 3.8 million barrels of oil per day in the first quarter, up 3 per cent from the fourth quarter of 2020.
Per-share earnings reached 64 cents, or 65 cents if one time costs are removed, topping the 59 cents that Wall Street was looking for, according to a survey by Zacks Investment Research.
