(ExxonMobil earnings story updated with Exxon performance and production data)NEW YORK ( TheStreet) -- ExxonMobil ( XOM) reported earnings that outpaced Wall Street expectations, a day after BP ( BP) and ConocoPhillips ( COP) disappointed investors with bottom line misses and production declines. Higher oil prices buoyed profits from all of the major oil companies, but Exxon also outperformed on the bottom line. ExxonMobil earned just under $10.7 billion in the first quarter, a rise of 69% year over year with refining margins and higher gas prices among the earnings ballasts. ExxonMobil's earnings of $2.14 per share were ahead of the Wall Street consensus of $2.06. ExxonMobil repurchased $5 billion in shares in the first quarter, another support to earnings per share.