Thursday, May 1, 2008

For Exxon Mobil, $10.9 Billion Profit Disappoints -

From The New York Times:
Exxon Mobil, the world’s largest publicly traded oil company, said Thursday that its first-quarter net income rose 17 percent, boosted by surging oil prices.

But even as it posted the second-most profitable quarter in its history, Exxon’s earnings managed to disappoint investors... Shares closed down $3.37, to $89.70, on a day the Dow industrial average rose 189.87 points. ...

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