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By CHRIS KAHN
AP Energy Writer
updated 8:43 a.m. ET, Thurs., April 29, 2010
NEW YORK - Exxon Mobil Corp. said Thursday its quarterly profit jumped 38 percent as oil prices rose in the first three months of the year.
That marks the first year-over-year increase in profits for Exxon since it posted an all-time record of $14.83 billion in the third quarter of 2008.
Still, earnings remain significantly below that level. During the first three months of this year, the Irving, Texas, oil giant had a profit of $6.3 billion, or $1.33 per share. That compares with $4.55 billion, or 92 cents per share, in the same period last year. Two years ago, Exxon earned $10.89 billion in the first quarter.
http://www.msnbc.msn.com/id/36845929/ns ... nd_energy/
