Exxon’s Q4 Profit Dips To $8.35 Billion
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 This material may not be published, broadcast, rewritten or redistributed.)
- State Fair of Texas Announces Winners of the 2015 Big Tex Choice Awards
- Police Investigate Motive In Ambush Of Houston Area Deputy
- Two Apartment Residents Robbed, One Shot Sunday Morning
- Man Shot During Armed Robbery At Apartment Complex
- Turner Field US Flag At Half-Staff After Fan Dies In Fall
- Azle Residents Take Quake Concerns To Austin
- Cowboys’ Romo Update: Complication In Back Surgery
- TCU Students Demand Higher Quality Toilet Paper
- Garland Police Arrest Teen Suspect For 7-11 Clerk Murder
- Owner Reunites With Dog 4 Months After ‘Dognapping’
- PHOTOS: Your Pet Pictures