Exxon Mobil Corp. stock rose more than 2% on Friday after the energy giant reported record first-quarter earnings, handily beating expectations, and revenue that also topped Wall Street forecasts despite a slide in oil and gas prices.
Exxon’s XOM net income more than doubled to $11.43 billion, or $2.79 a share, from $5.48 billion, or $1.28 a share, in the year-ago period. Excluding nonrecurring items, the company said adjusted earnings per share of $2.83 beat the FactSet consensus of $2.60.
Revenue…
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