IRVING, Texas, April 21 /PRNewswire/ -- Exxon Corporation (NYSE: XON - news) today reported first quarter 1998 net income of $1,890 million, down 13% from $2,175 million in the first quarter 1997. On a per share basis, net income was $0.77 in the first quarter of 1998 compared to $0.87 in the prior year's quarter.
Revenue for the first quarter of 1998 totaled $30,228 million compared to $35,203 million in the first quarter 1997. Capital and exploration expenditures were $2,023 million in the first quarter 1998 compared to $1,790 million in last year's first quarter.
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Hi all,
They not only crushed the First Call estimate of 66 cents a share,
but even beat the "whisper number" of 71 cents. All in all a great
report showing that Exxon is still going full speed ahead! At $73.00
and rising, I'm glad I've held on to the stock.
Scott |
