Exxon Mobil posts $4.24B profit, result tops expectations

FILE - An Exxon logo is seen at a Dallas gas station in this 2006 file photo. (AP Photo/LM Otero)

IRVING, Texas -- Exxon Mobil Corp. (XOM) on Friday reported third-quarter earnings of $4.24 billion.

The Irving, Texas-based company said it had profit of $1.01 per share.

The results exceeded Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The oil and natural gas company posted revenue of $67.34 billion in the period.

Exxon shares have dropped 11 per cent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1.5 per cent. The stock has fallen 13 per cent in the last 12 months.