Exxon Mobil

(XOM) - Get Report

retreated early Thursday after the oil giant said first-quarter profit rose 44% from a year ago.

For its first quarter ended March 31, the Irving, Texas, company earned $7.86 billion, or $1.22 a share. That's up from $5.44 billion, or 83 cents a share, a year ago.

Excluding special items, latest-quarter earnings were $1.15 a share. That misses the Thomson First Call analyst consensus estimate by a nickel.

Revenue rose to $82.1 billion from $67.6 billion a year ago.

Early Thursday, Exxon fell 38 cents to $58.