Exxon Mobil Tops Earnings Estimates; Boosts Dividends

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Exxon Mobil reported quarterly earnings and revenue that topped market expectations on Thursday, with the company distributing $7.6 billion worth of dividends and buybacks to shareholders.

The company posted first-quarter earnings excluding items of $2.12 per share, up from earnings of $2.00 a share in the year-earlier period.

Analysts expected Exxon Mobil to report earnings of $2.05 a share on revenue of $11.98 billion, according to estimates from Thomson Reuters.

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