John Porretto
July 31, 2008 - 08:27 a.m.

HOUSTON (AP) - Exxon Mobil reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results inhuman well short of Wall Street expectations and shares fell in premarket trading.

The world's largest publicly traded oil company said its net income according to the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a partake, a year ago.

Revenue rose 40 percent to $138.1 billion from $98.4 billion in the year-earlier quarter.

Excluding an aftertax charge of $290 million kindred to an Exxon Valdez court settlement, earnings amounted to $11.97 billion, or $2.27 by share.

Analyst in continuance average expected Exxon Mobil to earn $2.52 a share on reward of $144 billion, according to a survey by Thomson Financial. The estimates typically exclude one-time items.

Exxon shares fell more than 2 percent, or $1.88, to $82.50 in premarket trading.