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  • APRIL 28, 2011, 11:07 A.M. ET

UPDATE: Exxon Mobil 1Q Net Soars 69% On Higher Oil Prices

more in Business »

(Updates with analysts' comments, production figures and background throughout the story.)

HOUSTON -(Dow Jones)- Exxon Mobil Corp.'s (XOM) first-quarter earnings surged 69% as the company benefited from high oil prices, stronger refining margins and a jump in production.

The results for the world's largest publicly traded oil company reflected a continued recovery from the recession for the broader energy sector, which appears poised for a return toward the boom days that preceded the financial collapse in 2008.

But while Exxon Mobil's first-quarter earnings of $10.65 billion, or $2.14 a share, bested analysts expectations of $2.06 per share thanks to a ...

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