Exxon Mobil reported earnings on Thursday that indicated a very strong first quarter. Exxon earnings beat analyst expectations and were $2.14 per share. Exxon quarterly profit was almost $11 billion which is up from the $6.3 billion the company posted for the first quarter last year. Trading activity was high for Exxon Mobil (XOM) at the end of last week.
To read a related MarketWatch article, please click here:
http://www.marketwatch.com/story/oil-shares-shrug-off-criticism-as-profits-swell-2011-04-29
Jim Sutliff