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Exxon earnings slip on lower production, refining
Exxon earnings slip on lower production, refining

Exxon Mobil said Thursday that its net income fell 4 percent in the fourth quarter as it produced less oil and natural gas and posted weaker refining results. Cost-cutting and higher prices for its oil and gas helped the company beat the expectations of Wall Street analysts. Shares rose slightly in trading before the opening bell. Exxon earned $9.1 billion in the first three months of the year on revenue of $106.77 billion. During the same period last year, Exxon earned $9.5 billion on revenue of $108.36 billion. On a per-share basis, Exxon earned $2.10, compared with $2.12 last year. Analysts expected earnings of $1.88 per share, on average, according to FactSet. Exxon, like its Big...

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