Exxon 1st-Quarter Profit Rises 10% on Refining Gains

Exxon Mobil Corp., the world's biggest oil company, said first-quarter earnings climbed 10 percent after increasing demand lifted prices for gasoline and diesel, widening profit margins on refining.

Net income rose to $9.28 billion, or $1.62 a share, from $8.4 billion, or $1.37, a year earlier, the Irving, Texas-based company said today in a statement. Per-share profit was 8 cents higher than the average of seven analyst estimates compiled by Bloomberg. Revenue fell 2 percent to $87.2 billion.

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- Posted: 2007-04-26 09:56:06

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