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Exxon mobil reported quarterly earnings that beat wall street's expectations, but revenue fell short Exxon mobil defied expectations and posted a $36 billion profit in 2023, thanks to its trading and production strategies. Quarterly profit declined significantly from same period a year ago as oil prices weakened.

ExxonMobil reports record first-quarter profits of $11.4bn

Exxon chief executive darren woods said the industry.