FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo
HOUSTON (Reuters) – Exxon Mobil Corp on Friday reported a quarterly profit that topped analysts’ estimate on higher prices and volumes for its oil and natural gas as production rose slightly on a year-over-year basis.
The company’s fourth quarter net income fell to $6 billion, or $1.41 a share, from $8.38 billion a year ago. Analysts had forecast a $1.18 a share profit excluding one-time items, according to data from Refinitiv.
Reporting by Jennifer Hiller in Houston; Editing by Nick Zieminski
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