Exxon Corp., the nation’s largest oil company,...
From Times Wire Services
Exxon Corp., the nation’s largest oil company, said its profit jumped 27% to a record high in the fourth quarter, boosted by higher oil prices and strong profit in chemical operations.
The Irving, Tex., company said its fourth-quarter earnings rose to $1.9 billion, or $1.53 a share, from $1.5 billion, or 72 cents a share, a year earlier. Revenue rose to $30.6 billion from $28.1 billion.
“Exxon achieved record fourth-quarter net income as a result of increased liquids production and petroleum product sales, strong chemical and minerals earnings, and gains from asset sales and tax credits,” Chairman Lee Raymond said in a statement.
