UPDATE: Exxon Mobil Q4 Profit Rises 2%

Exxon Mobil Corp (NYSE: XOM) reported a 2% rise in its fourth-quarter profit.

Exxon Mobil's quarterly profit climbed to $9.4 billion, or $1.97 per share, from $9.25 billion, or $1.85 per share, in the year-earlier period. Oil-equivalent production dropped 9%. However, analysts were expecting earnings of $1.97 per share.

Exxon Mobil shares fell 1.01% to $84.63 in pre-market trading.