Local

Exxon’s Q4 Profit Dips To $8.35 Billion

View Comments
A sign at an Exxon gas station in Miami, Florida. (credit: Eric Thayer/Getty Images)

A sign at an Exxon gas station in Miami, Florida. (credit: Eric Thayer/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

185992939 10 Exxons Q4 Profit Dips To $8.35 BillionHot Halloween Costumes

181572784 8 Exxons Q4 Profit Dips To $8.35 BillionFunny Faced Cheerleaders

 alt=Musicians Then And Now

452359772 10 Exxons Q4 Profit Dips To $8.35 BillionBikinis Because We're Missing Summer

 alt=Celebrities And Their Dogs

cowb thumb Exxons Q4 Profit Dips To $8.35 BillionCowboys Cheerleaders

IRVING (AP) - Exxon Mobil’s profit is down 16 percent from last year as the company is producing slightly less oil and gas. But it’s still making more than $8.3 billion in three months.

The company is earning less from producing oil and gas in the U.S. and overseas, and from its international refining and marketing business.

Exxon Mobil Corp. said Thursday that fourth-quarter net income was $8.35 billion, or $1.91 per share, matching Wall Street’s forecast. That compares with profit of $9.95 billion, or $2.20 per share, a year earlier.

Revenue is down 3 percent to $110.86 billion, below the $114.51 billion that analysts were expecting.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending:

View Comments