Exxon Mobil Corporation reported its first quarter financial results before the opening bell on Wall Street on Friday.

The oil and gas giant reported revenue of $90.5 billion in the first quarter of 2022 vs. $82.839 billion expected.

Earnings per share came in below of analyst estimates at $2.07 per share vs. $2.23 per share expected.

”The quarter illustrated the strength of our underlying business and significant progress in further developing our competitively advantaged production portfolio,” Darren Woods, chairman and CEO of Exxon Mobil said in a press release following the latest report.

”Earnings increased modestly, as strong margin improvement and underlying growth was offset by weather and timing impacts. The absence of these temporary impacts in March provides strong, positive momentum for the second quarter,” he added.

Exxon Mobil Corporation chart

Shares of Exxon were down by around 1% during the session on Friday at $86.15 per share.

Here is how the stock has performed in the past year:

• 1 Month +55%
• 3 Month +14.33%
• Year-to-date +40.66%
• 1 Year +50.37%

Exxon Mobil price targets

• Morgan Stanley: $103
• Wells Fargo: $107
• Citigroup: $80
• Barclays: $91

Exxon Mobil Corporation is the 17^th largest company in the world with a market cap of $364.71 billion.

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Sources: Exxon Mobil Corporation, TradingView, CompaniesMarketCap