NEW YORK (TheStreet) -- Shares of Exxon Mobil (XOM) - Get Report are up by 1.46% to $89.15 in pre-market trading on Thursday morning, after the oil and gas company posted better than expected earnings results for the 2015 first quarter.
The company said it earned $4.9 billion, or $1.17 per share for the most recent quarter. Analysts polled by Thomson Reuters had forecast for earnings of 83 cents per share.
Revenue was $67.62 billion for the 2015 first quarter versus the $56.39 billion analysts were anticipating.
"Exxon Mobil's balanced portfolio delivered solid financial results in the quarter. Regardless of current market conditions, we remain focused on business fundamentals and competitive advantages that create long-term shareholder value," company CEO Rex Tillerson said in a statement.
When compared to the 2014 first quarter, Exxon Mobil's net earnings slipped by 46% due to the declining price of crude oil. Revenue for the quarter also fell when compared to the same period last year.
Additionally, on Wednesday Exxon Mobil upped its second quarter dividend by 6% to 73 cents per share from 69 cents per share.
Separately, TheStreet Ratings team rates EXXON MOBIL CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate EXXON MOBIL CORP (XOM) a HOLD. The primary factors that have impacted our rating are mixed-some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, poor profit margins and disappointing return on equity."
You can view the full analysis from the report here: XOM Ratings Report