Posted AT 11:02 AM EDT on 01/05/08
Shares fall as Exxon Mobil posts profit of almost $11-billion
HOUSTON — Exxon Mobil Corp., the world's largest publicly traded oil company, said Thursday record crude prices helped its first-quarter profit climb 17 per cent to $10.9-billion (U.S.) — the second biggest U.S. quarterly corporate profit ever.
But the results still fell short of Wall Street's lofty forecasts, and its shares fell more than 4 per cent in morning trading.
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