Before the opening bell on Thursday, oil and gas giant Exxon (XOM ) reported lower profits for the first quarter, but beat estimates.
XOM's Earnings in Brief
- The company reported earnings of $4.94 billion, or $1.17 per share, down from $9.10 billion or $2.10 per share, last year.
- Revenue came in at $67.618 billion from $106.325 billion last year.
- On average, analysts expected to see EPS of 83 cents and revenue of $56.39 billion.
The company announced that it has boosted its dividend from 69 cents to 73 cents. The next dividend will be paid in June.
The Bottom Line
Shares of XOM were up $1.10, or 1.25% during premarket trading Thursday.
Exxon (XOM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.