Exxon: 4Q Earnings Snapshot

Exxon: 4Q Earnings Snapshot

IRVING, Texas (AP) _ Exxon Mobil Corp. (XOM) on Friday reported fourth-quarter net income of $6 billion.The Irving, Texas-based company said it had profit of $1.41 per share. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.The results topped Wall Street expectations, but Exxon does not adjust its reported results based on one-time events such as asset sales. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.The oil and natural gas company posted revenue of $71.9 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $74.18 billion.Exxon shares have increased 7.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased almost 8 per cent. The stock has declined 16 per cent in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XOM at https://www.zacks.com/ap/XOMThe Associated Press

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