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Exxon Mobil posted fourth-quarter profit of $8.35-billion, or $1.91 a share, compared with $9.95-billion, or $2.20 a share, in the year-ago period. (Gene J. Puskar/AP Photo)
Exxon Mobil posted fourth-quarter profit of $8.35-billion, or $1.91 a share, compared with $9.95-billion, or $2.20 a share, in the year-ago period. (Gene J. Puskar/AP Photo)

Exxon Mobil profit drops 16 per cent Add to ...

Exxon Mobil Corp, the world’s most valuable publicly traded oil company, said on Thursday its quarterly profit dropped 16 per cent as production fell.

For the fourth quarter, the company posted net income of $8.35-billion, or $1.91 per share, compared with $9.95-billion, or $2.20 per share, in the year-ago period.

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Total oil and natural gas production fell 1.8 per cent from the year-ago period.

 
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