ExxonMobil Earns $1.8 Billion in First Quarter of 2016

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UBS Raises Price Target on ExxonMobil (XOM) Following 1Q Report and Conference Call

May 2, 2016 8:20 AM EDT

UBS reiterated a Neutral rating on ExxonMobil (NYSE: XOM), and raised the price target to $85.00 (from $77.00), following the company's 1Q earnings report and conference call. XOM reported that 1Q EPS fell 63% YoY to $0.43, still above consensus' $0.31 estimate. Upstream production rose 2% YoY to 4.325 MMBoed, just above the... More