Exxon reports $4.94bn in first-quarter profits – the weakest for the oil giant since 2009 – as world oil prices continue to drop

Lower oil prices pushed Exxon Mobil ’s first-quarter profit down 46%, but the results still beat Wall Street expectations.

Exxon said on Thursday that it earned $4.94bn, a huge sum, but the weakest first quarter for the oil giant since 2009. A year earlier, Exxon earned $9.10bn.

Related: BP and Shell to report 60% collapse in first-quarter profits

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