Exxon Mobil Corp., the world's largest energy company, on Jan. 31 posted better-than-expected profit for the fourth quarter despite easing oil prices.
Exxon Mobil said net income was $9.4 billion in the final three months of 2011, up 2% from the year-ago period.
Earnings of $1.97 per share were 1 cent higher than analysts expected.
For all of 2011, net income leaped 34% to $41 billion, benefiting from higher oil and natural gas prices, the company said in a statement
Exxon Mobil said it had a record $36.8 billion in capital and exploration expenditures in 2011.
Copyright Agence France-Presse, 2012