Don Ryan / AP

Exxon Mobil said Friday that the company earned $4 billion in profit during the first quarter, more than doubling its profit earned in Q1 of last year, thanks to rising oil prices and cost cuts. Revenue for the company came in at $63.29 billion, missing the estimate for $64.73 billion.

Why this matters: The jump in profits is a big win for Exxon, as low oil prices and falling demand have bogged down industry profit for the past few years. But following OPEC's production cuts, which kicked in at the beginning of this year, oil prices have been on the rise again, and are helping to lift the sector back up.

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6 mins ago - World

More than 1 million people have now died from coronavirus

Data: Our World in Data; Chart: Sara Wise/Axios

The global toll of confirmed deaths from COVID-19 crossed 1 million on Monday, according to data from Johns Hopkins.

By the numbers: More than half of those deaths have come in four countries: the U.S. (204,762), Brazil (141,741), India (95,542) and Mexico (76,430). The true global death toll is likely far higher.

Updated 21 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 8:30 p.m. ET: 33,247,206 — Total deaths: 999,853 — Total recoveries: 23,019,940Map.
  2. U.S.: Total confirmed cases as of 8:30 p.m. ET: 7,147,070 — Total deaths: 205,024 — Total recoveries: 2,794,608 — Total tests: 102,342,416Map.
  3. Business: Companies are still holding back earnings guidance.
  4. Health: Trump announces plan to distribute 150 million rapid tests —The childless vaccine.
  5. Media: Fauci: Some of what Fox News reports about COVID-19 is "outlandish"
  6. States: Cuomo extends New York moratorium on evictions until 2021.
  7. World: India the second country after U.S. to hit 6 million cases.
Dave Lawler, author of World
1 hour ago - World

Pompeo to protest China deal in Vatican visit

Pompeo. Photo: Getty

Secretary of State Mike Pompeo will visit the Vatican on Tuesday to protest the pending renewal of a controversial deal with China.

Behind the scenes: Pope Francis has reportedly declined to meet with Pompeo, citing the imminent U.S. election.