ExxonMobil's $ 10.65b revenues are second best in company history

New York--ExxonMobil (XOM) earned around 11 billion dollars in the first quarter, productivity, which will likely land him in the Centre of national debate over high gasoline prices: the world's largest publicly traded companies on Thursday reported net income of $ 10.65 billion, or $ 2.14 per sharefor the first three months of this year. That's up from $ 6.3 billion, or $ 1.33 per share a year earlier. Revenue increased by 26% to $ 114 billion Results exceeded Wall Street estimates of $ 2.04 per share on sales of 112.6 billion. $. United States, according to FactSet .the quarter Exxon at best as he won a record 14.83 billion a year in the third quarter of 2008. This comes at a time when some drivers are paying $ 4 per gallon or more for gas and President Obama faces a multibillion dollar oil industry tax subsidies. Exxon Mobil increased revenues, despite a slight drop in worldwide production of oil and natural gas liquids. Benchmark crude prices rose 20 percent from the same period last year. income rose through the company's business segments. Revenue from its exploration and production business has received 49% to $ 8.7 billion, while the company's upstream business, which includes refineries, posted a huge jump marked more than $ 1.1 billion in anticipation of a strong reaction from riders and politicians, Exxon said at Wednesday's blogShe has little control over oil prices, which rose to nearly $ 113 per barrel. The company also noted that less than 3 cents of every dollar she earns comes from the sale of petrol and diesel fuel That cannot appease many motorists, however. National average for a gallon of gas is $ 3.89, about $ 1.02 more than a year ago. It is above $ 4 in 8 States and the District of Columbia On blog, Ken Cohen, Exxon's Vice President for public and Government Affairs, said the company plans to "necessarily titles and audio about high gasoline prices and what to do about them" after the earnings report.