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
About the Author
Agence France-Presse
Copyright Agence France-Presse, 2002-2025. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.