Oil major Exxon Mobil Corp. (XOM) reported Tuesday a profit for the fourth quarter compared to a steep loss last year, reflecting sharply lower non-cash impairments at its U.S. upstream operations. Adjusted earnings per share for the quarter topped analysts' expectations, while quarterly revenues missed them.
For the fourth quarter, the company reported net income attributable to ExxonMobil of $8.87 billion or $2.08 per share, compared to a steep net loss of $20.07 billion or $4.70 per share in the prior-year quarter.
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