Exxon Mobil Corp. (NYSE: XOM) said Thursday that its first-quarter profit jumped 69% to $10.65 billion, or $2.14 a share, from $6.3 billion, or $1.33 a share, in the year-earlier quarter. Revenue climbed to $114 billion from $90.3 billion. Analysts, on average, expected the company to report earnings of $2.04 a share on revenue of $112.6 billion.
In addition, the company's Board of Directors declared a cash dividend of 47 cents per share on the Common Stock, payable on June 10, 2011 to shareholders of record of Common Stock at the close of business on May 13, 2011. This second quarter dividend compares with 44 cents per share paid in the first quarter of 2011.
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