Energy giant Exxon Mobil has seen high gas and oil prices push first quarter profits to a new record - but they still missed Wall Street forecasts.
Surging profits topped off a record year for Exxon
It made a net profit of $8.4bn (£4.7bn) between January and March, up from $7.86bn a year ago.
But Exxon shares fell by over 1% in early trading because analysts had predicted a profit of over $9bn.
In January Exxon reported an annual profit of $36bn, the highest in US corporate history.
Oil companies have struck a profits bonanza in recent years as oil prices have risen from about $20 a barrel in 2002 to over $70 a barrel in recent months.
Exxon said its first quarter oil and gas production rose by 5%, helped by greater volumes from projects in West Africa and Qatar.
The main downside to its results were the lower margins seen from its chemicals division.