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Empresas y finanzas

Exxon profit hit by slumping oil demand


    HOUSTON (Reuters) - Exxon Mobil Corp , the world's largest publicly traded company, on Thursday said its quarterly profit fell 58 percent, missing Wall Street estimates, as the global recession sliced into demand for crude oil.

    Net profit in the first-quarter was $4.55 billion, or 92 cents per share, compared with $10.89 billion, or $2.02 per share in the same quarter a year earlier.

    Analysts on average had expected the Irving, Texas, company to report a profit of 95 cents per share, according to Reuters Estimates.

    Oil and gas production in the quarter rose slightly from a year ago to 4.2 million barrels of oil equivalent per day.

    Shares of Exxon edged up a few cents in premarket trading from Wednesday's New York Stock Exchange close of $68.44.

    (Reporting by Anna Driver in Houston, editing by Dave Zimmerman)