(Corrects estimate to $1.08 from $1.18)

HOUSTON, Feb 1 (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 $1.08 a share profit excluding one-time items, according to data from Refinitiv. (Reporting by Jennifer Hiller in Houston Editing by Nick Zieminski)