XOM Earnings: Revenues Increase; Income/Share Drops

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Net income fell to $9.45 billion ($2 per share) vs. $10.65 billion ($2.14 per share) a year earlier. This is a decline of 11.3% year-over-year.

Revenue rose 8.8% to $124.05 billion year-over-year.

Exxon Mobil Corporation fell short of the mean analyst estimate of $2.09 per share. Analysts were expecting revenue of $124.76 billion.