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UPDATE: Exxon Mobil Posts Drop In Q4 Profit

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Exxon Mobil (NYSE: XOM) reported a drop in its fourth-quarter profit.

Exxon Mobil's quarterly profit declined to $8.35 billion, or $1.91 per share, from a year-ago profit of $9.95 billion, or $2.20 per share.

Its total revenue fell to $110.9 billion versus $114.7 billion. However, analysts were estimating earnings of $1.92 per share on revenue of $114.51 billion.

Exxon Mobil's oil-equivalent production dropped 1.8% y/y.

Exxon Mobil shares fell 1.16% to $94.54 in pre-market trading.

Posted-In: profitEarnings News

 

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